Legal Opinion
Spence v. Lansing Automakers Federal Credit Union (In Re Satterla)
United States Bankruptcy Court, W.D. Michigan
Decided November 4, 1981No. 20-00516PublishedCited by 17 opinions
1Opinion of the Court
PREFERENTIAL TRANSFER — SET OFF — SECURED CREDITORS
DAVID E. NIMS, Jr., Bankruptcy Judge.
Trustee seeks to recover a claimed preferential transfer of $423.00 to Lansing Automakers Federal Credit Union (Credit Union). The facts were stipulated. Only the Credit Union filed a brief.
Prior to the 90 day period preceding the filing of his petition, debtor arranged for a payroll deduction whereby $50.00 a week was paid into his account with Credit Union. He authorized Credit Union to deduct $141.00 each month to be applied against his loan balance. Pursuant to this agreement Credit Union deducted…
2Cases cited11 opinions
- New York County National Bank v. MasseySupreme Court of the United States · 1904
- Matter of DuffyUnited States Bankruptcy Court, S.D. New York · 1980
- Belfance v. Bancohio/National Bank (In Re McCormick)United States Bankruptcy Court, N.D. Ohio · 1980
- CITIZENS'NAT. BANK OF GASTONIA, NC v. LinebergerCourt of Appeals for the Fourth Circuit · 1930
- Kane v. First Nat. Bank of El Paso, Tex.Court of Appeals for the Fifth Circuit · 1932
6 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Meoli v. Huntington National Bank (In Re Teleservices Group, Inc.)United States Bankruptcy Court, W.D. Michigan · 2012
- Ewald Bros., Inc. v. Kraft, Inc. (In Re Ewald Bros., Inc.)United States Bankruptcy Court, D. Minnesota · 1984
- Donato v. Dominion National Bank of Tidewater (In Re Donato)United States Bankruptcy Court, E.D. Virginia · 1982
- Pippin v. John Deere Co. (In Re Pippin)United States Bankruptcy Court, W.D. Louisiana · 1984
- Faircloth v. Bouchard (In Re the International Gold Bullion Exchange, Inc.)United States Bankruptcy Court, S.D. Florida. · 1985
12 more not listed; retrieve them via the Exa API.