Legal Opinion
Travelers Insurance v. Cambridge Meridian Group, Inc. (In re Erin Food Services, Inc.)
Court of Appeals for the First Circuit
Decided November 23, 1992No. Nos. 91-2175, 91-2176PublishedCited by 1 opinion
1Opinion of the Court
CYR, Circuit Judge.
Appellants, creditors holding partially secured claims (“appellants” or “secured lenders”) against property of the estate of the chapter 11 debtor,1 Erin Food Services, Inc. (“debtor” or “Erin”), challenge a bankruptcy court order setting aside, as voidable preferences, three installment interest payments Erin made to appellants, within one year of the chapter 11 petition, on an antecedent debt guaranteed by an Erin “insider.” Appellants argue that (1) Bankruptcy Code § 550(a) does not permit direct recovery from the non-insider transferees unless the transfers were made…
2Cases cited32 opinions
- Midlantic National Bank v. New Jersey Department of Environmental ProtectionSupreme Court of the United States · 1986
- Louis W. Levit, Trustee of V.N. Deprizio Construction Co. v. Ingersoll Rand Financial CorporationCourt of Appeals for the Seventh Circuit · 1989
- Dean v. DavisSupreme Court of the United States · 1917
- Palmer Clay Products Co. v. BrownSupreme Court of the United States · 1936
- 24 Collier bankr.cas.2d 1414, Bankr. L. Rep. P 73,841 Max Sugarman Funeral Home, Inc. v. A.D.B. InvestorsCourt of Appeals for the First Circuit · 1991
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