Legal Opinion
Louis W. Levit, Trustee of V.N. Deprizio Construction Co. v. Ingersoll Rand Financial Corporation
Court of Appeals for the Seventh Circuit
Decided May 12, 1989No. 88-3091, 88-3092 and 88-3093PublishedCited by 278 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
We must decide a question no other appellate court has addressed: whether payments to creditors who dealt at arms’ length with a debtor are subject to the year-long preference-recovery period that 11 U.S.C. § 547(b)(4)(B) provides for “inside” creditors, when the payments are “for the benefit of” insiders, § 547(b)(1). The bankruptcy court in this case answered “no”, 58 B.R. 478 (Bankr.N.D.Ill.1986), and the district court “yes”, 86 B.R. 545 (N.D.Ill.1988). We agree with the district court for the most part, although we conclude that payments satisfying pension…
2Cases cited66 opinions
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- Butner v. United StatesSupreme Court of the United States · 1979
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
- Kelly v. RobinsonSupreme Court of the United States · 1986
- United States Railroad Retirement Board v. FritzSupreme Court of the United States · 1981
61 more not listed; retrieve them via the Exa API.
3Cited by278 opinions
- Kham & Nate's Shoes No. 2, Inc., Debtor-Appellee v. First Bank of WhitingCourt of Appeals for the First Circuit · 1990
- IBT International, Inc. v. Northern (In Re International Administrative Services, Inc.)Court of Appeals for the Eleventh Circuit · 2005
- Village of San Jose, a Municipal Corporation v. Daniel L. McWilliams and Ida M. McWilliams Debtors-AppelleesCourt of Appeals for the Seventh Circuit · 2002
- Board of Trustees, Sheet Metal Workers' National Pension Fund v. Elite Erectors, Inc., Skylight Consultants of America, Inc., and Mary LowryCourt of Appeals for the Seventh Circuit · 2000
- In Re Joanne G. Burns, Debtor. Joanne G. Burns v. United States of America, Acting by and Through the Internal Revenue ServiceCourt of Appeals for the Eleventh Circuit · 1989
273 more not listed; retrieve them via the Exa API.