Security First National Bank v. Brunson
Court of Appeals for the Fifth Circuit
1Per curiam
Security First National Bank and the law firm of Führer, Flournoy, Hunter & Morton appeal the decision of the district court holding that payment by chapter 7 debtors of a Security First note unconditionally guaranteed by the law firm was an avoidable preference under § 547 of the Bankruptcy Code, 11 U.S.C. § 101 et seq., recoverable from the bank as the initial transferee under 11 U.S.C. § 550(a)(1), and that the firm’s guaranty of the note was not extinguished by the voided payment. We affirm.
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Führer, Flournoy, Hunter & Morton is a plaintiff’s personal injury firm. To assist its clients…
2Cases cited11 opinions
- Bonded Financial Services, Inc., Debtor-Appellant v. European American BankCourt of Appeals for the Seventh Circuit · 1988
- In Re Chase & Sanborn Corporation, F/k/a General Coffee Corporation, Debtors. Paul C. Nordberg, as Creditor Trustee v. Societe GeneraleCourt of Appeals for the Eleventh Circuit · 1988
- In Re Bullion Reserve of North America, a California Corporation, Debtor. Curtis B. Danning, Chapter 7 Trustee v. Michael L. MillerCourt of Appeals for the Ninth Circuit · 1991
- In Re Columbia Data Products, Inc., Debtor. Richard E. Lowry, Trustee v. Security Pacific Business Credit, Inc.Court of Appeals for the Fourth Circuit · 1989
- Lippi v. City BankCourt of Appeals for the Ninth Circuit · 1992
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3Cited by27 opinions
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- Feldman v. Chase Home Finance (In Re Image Masters, Inc.)United States Bankruptcy Court, E.D. Pennsylvania · 2009
- Christy ex rel. Kumble v. Alexander & Alexander of New York Inc.Court of Appeals for the Second Circuit · 1997
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