Cimmaron Oil Co., Inc. v. Cameron Consultants, Inc.
District Court, N.D. Texas
1Opinion of the Court
OPINION
FITZWATER, District Judge.
Appellant, Cimmaron Oil Company, Inc. (“Cimmaron”), a chapter 11 debtor, appeals from a summary judgment denying its attempt to avoid two pre-petition payments as being 11 U.S.C. § 547(b) preferences. The creditor, Cameron Consultants, Inc. (“Consultants”), successfully urged in the bankruptcy court the affirmative defense that it had substantially and contemporaneously exchanged new value within the meaning of 11 U.S.C. § 547(c)(1) by accepting the payments and thus giving up its right to perfect statutory liens on two Cim-maron oil and gas wells.
The question…
2Cases cited23 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Immigration & Naturalization Service v. Cardoza-FonsecaSupreme Court of the United States · 1987
- United States v. JamesSupreme Court of the United States · 1986
- Joseph J. Ricotta, as Trustee of L. E. Kimball Construction Co., .Inc., Bankrupt v. Burns Coal & Building Supply CompanyCourt of Appeals for the Second Circuit · 1959
- Newton v. Andrews Distributing Co. (In Re White)United States Bankruptcy Court, E.D. Tennessee · 1986
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- Cavazos v. SimmonsDistrict Court, N.D. Texas · 1988
- In Re SmithUnited States Bankruptcy Court, N.D. Texas · 2009
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