Legal Opinion
Counts v. Wang Laboratories, Inc. (In re Virginia Information Systems Corp.)
Court of Appeals for the Fourth Circuit
Decided May 3, 1991No. Nos. 89-2228, 91-2339PublishedCited by 3 opinions
1Opinion of the Court
SPROUSE, Circuit Judge:
We interpret § 547(b) of the Bankruptcy Code, 11 U.S.C. § 547(b), to determine whether a transfer of funds by check occurs at the time the check is delivered to the creditor or at the time it is honored by the drawee bank. The district court held that a transfer occurs when the debtor’s check is honored. We reverse that portion of the district court’s judgment and hold that the outcome here is governed by In re Continental Commodities, Inc., 841 F.2d 527 (4th Cir.1988), and Quinn Wholesale, Inc. v. Northen, 873 F.2d 77 (4th Cir.), cert. denied, — U.S. -, 110 S.Ct. 151,…
2Cases cited6 opinions
- Antonio O'neill, as Trustee for Caceres & Johnson P.R., Inc. v. Nestle Libbys P.R., Inc.Court of Appeals for the First Circuit · 1984
- In Re White River CorporationCourt of Appeals for the Tenth Circuit · 1986
- Edna L. Evans v. United Life & Accident Insurance Company, a New Hampshire Corporation, Edna L. Evans v. United Life & Accident Insurance Company, a New Hampshire CorporationCourt of Appeals for the Fourth Circuit · 1989
- Quinn Wholesale, Inc. v. John A. Northen, Trustee in Bankruptcy for Gordon Foods, Inc.Court of Appeals for the Fourth Circuit · 1989
- Bob Grissett Golf Shoppes, Inc. v. Pro Group, Inc. (In Re Bob Grissett Golf Shoppes, Inc.)United States Bankruptcy Court, E.D. Virginia · 1983
1 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- EECO Inc. v. Smedes (In Re EECO Inc.)United States Bankruptcy Court, C.D. California · 1992
- National Enterprises, Inc. Liquidating Trust v. Tee-Lok Corp. (In Re National Enterprises, Inc.)United States Bankruptcy Court, E.D. Virginia · 1994
- In Re Virginia Information Systems Corporation, Debtor. Henry J. Counts v. Wang Laboratories, Inc., in Re Virginia Information Systems Corporation, Debtor. Henry J. Counts, Trustee v. Wang Laboratories, Inc.Court of Appeals for the Fourth Circuit · 1991