GMAC Business Credit, L.L.C. v. Ford Motor Co.

KENNEDY, Circuit Judge.

Defendant Ford Motor Company (“Ford”) appeals from the district court’s order affirming bankruptcy court’s order granting summary judgment in favor of Plaintiff GMAC Business Credit (GMACBC) in this dispute over financing and sales transactions during a bankruptcy. We AFFIRM.

BACKGROUND

On February 2, 2000, H.S.A. II (“Debtor”) filed its Chapter 11 petition. On February 3, 2000, the bankruptcy court entered an interim order for post-petition financing pursuant to which GMAC-BC would provide financing to Debtor for the production of parts in exchange for a first priority…