Carl Zeiss Meditec AG v. Anstine (In Re U.S. Medical, Inc.)

OPINION

CORNISH, Bankruptcy Judge.

Appellant-creditor Carl Zeiss Meditec AG (“Creditor”) appeals a judgment of the United States Bankruptcy Court for the District of Colorado in favor of appellee-trustee Glen R. Anstine (“Trustee”) in this Chapter 7 adversary action. The bankruptcy court determined that Creditor was a nonstatutory insider with respect to debtor, U.S. Medical, Inc. (“Debtor”), and therefore allowed Trustee to avoid certain preferential transfers from Debtor to Creditor pursuant to 11 U.S.C. §§ 547(b)(4)(B) and 550(a)(1). 1

BACKGROUND

Debtor filed a voluntary Chapter 7 petition on…