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Legal Opinion

Velde v. First Internationl Bank & Trust (In Re Y-Knot Construction, Inc.)

United States Bankruptcy Appellate Panel for the Eighth Circuit

Decided June 8, 2007No. 07-6001MNPublishedCited by 13 opinions

1Opinion of the Court

McDONALD, Bankruptcy Judge.

First International Bank & Trust appeals from the order of the bankruptcy court granting Trustee’s motion to compromise a preference action against Sten-erson Brothers Lumber Company. We reverse and remand for the following reasons.

I

We are able to glean the following factual allegations underlying Trustee’s motion to compromise from our review of the record on appeal. Y-Knot Construction (“Debtor”) was in the business of constructing homes. Debtor owed Stenerson Brothers Lumber Co. (“Stenerson”) $400,000.00 for goods that Stenerson had delivered to Debtor. On July…

2Cases cited4 opinions

  1. In Re Flight Transportation Corporation Securities LitigationCourt of Appeals for the Eighth Circuit · 1984
  2. Martin v. Cox (In Re Martin)United States Bankruptcy Appellate Panel for the Eighth Circuit · 1997
  3. PW Enterprises, Inc. v. Kaler (In Re Racing Services, Inc.)United States Bankruptcy Appellate Panel for the Eighth Circuit · 2005
  4. TCF Banking & Savings v. Leonard (In Re Erickson)District Court, D. Minnesota · 1987

3Cited by13 opinions

  1. In Re Capmark Financial Group Inc.United States Bankruptcy Court, D. Delaware · 2010
  2. In Re Scba Liquidation, Inc.United States Bankruptcy Court, W.D. Michigan · 2011
  3. Interlachen Harriet Investments Ltd. v. Kelley (In Re Petters Co.)United States Bankruptcy Appellate Panel for the Eighth Circuit · 2011
  4. Moushigian v. MarderosianCourt of Appeals for the First Circuit · 2014
  5. In Re Tri-State Ethanol Co. LLCUnited States Bankruptcy Court, D. South Dakota · 2007

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