Brown v. Morton (In Re Workboats Northwest, Inc.)
United States Bankruptcy Court, W.D. Washington
1Opinion of the Court
MEMORANDUM OPINION
SAMUEL J. STEINER, Bankruptcy Judge.
This matter comes before the Court on cross-motions for summary judgment. The issue is whether a landlord is entitled to set off, as “new value”, delinquent rent accruing subsequent to payments which were preferential.
FACTS
The debtor leased its business premises from the defendants, who are insiders of the debtor. From at least August, 1987, through June, 1990, the parties had a month-to-month arrangement. On June 22, 1990, they executed a formal lease which was extended periodically. The last extension expired on June 30, 1994. The…
2Cases cited12 opinions
- Carmack v. Zell (In Re Mindy's, Inc.)United States Bankruptcy Court, S.D. Ohio · 1982
- Murray Drabkin, Trustee v. A.I. Credit Corporation, (Two Cases)Court of Appeals for the D.C. Circuit · 1986
- Keydata Corp. v. Boston Edison Co. (In Re Keydata)United States Bankruptcy Court, D. Massachusetts · 1983
- Wolinsky v. Central Vermont Teachers Credit Union (In Re Ford)United States Bankruptcy Court, D. Vermont · 1989
- Bavely v. Merchants National Bank (In Re Lario)United States Bankruptcy Court, S.D. Ohio · 1983
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- AERFI Group Plc v. Barstow (In Re MarkAir, Inc.)United States Bankruptcy Court, D. Alaska · 1999
- Barnes v. Karbank Holdings, LLC (In re JS & RB, Inc.)United States Bankruptcy Court, W.D. Missouri · 2011
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