Baker Hughes Oilfield Operations, Inc. v. Cage (In Re Ramba, Inc.)
Court of Appeals for the Fifth Circuit
1Opinion of the Court
E. GRADY JOLLY, Circuit Judge:
In this bankruptcy case, the trustee of debtor Ramba, Inc. seeks to avoid a transfer of $85,654.85 made by Ramba to the appellee, Baker Hughes Oilfield Operations, Inc. The trustee contends that the transfer was a preferential payment of a pre-existing debt, and thus avoidable under 11 U.S.C. § 547(b). Baker Hughes responds that, inter alia, the transfer was not a preferential payment, but instead a contemporaneous exchange for new value. The bankruptcy court granted summary judgment for the trustee and avoided the transfer. The district court, however, reversed…
2Cases cited12 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- United States v. VillanuevaCourt of Appeals for the Fifth Circuit · 2005
- In the Matter of Southmark Corporation, Debtor. Southmark Corporation v. Schulte Roth & ZabelCourt of Appeals for the Fifth Circuit · 1996
- Perry v. Dearing (In Re Perry)Court of Appeals for the Fifth Circuit · 2003
- In the Matter of E.C. Henderson and Phyllis Henderson, Debtors. E.C. Henderson and Phyllis Henderson v. Lee BelknapCourt of Appeals for the Fifth Circuit · 1994
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