Legal Opinion
Telesphere Liquidating Trust v. Galesi (In Re Telesphere Communications, Inc.)
United States Bankruptcy Court, N.D. Illinois
Decided January 21, 1999No. 19-02698PublishedCited by 13 opinions
1Opinion of the Court
MEMORANDUM OF OPINION
EUGENE R. WEDOFF, Bankruptcy Judge.
This adversary proceeding, filed by the Telesphere Liquidating Trust (“the Trust”), seeks to recover an alleged preferential transfer from defendant Francesco Galesi. The proceeding is now before the court on a motion for summary judgment brought by Galesi. The principal issue raised by the motion is the proper method of valuing a secured creditor’s collateral for purposes of determining whether a payment to that creditor was preferential. As discussed below, when a secured claim is satisfied by an allegedly preferential transfer, the…
2Cases cited16 opinions
- Louis W. Levit, Trustee of V.N. Deprizio Construction Co. v. Ingersoll Rand Financial CorporationCourt of Appeals for the Seventh Circuit · 1989
- In Re Grant CompanyCourt of Appeals for the Second Circuit · 1983
- Palmer Clay Products Co. v. BrownSupreme Court of the United States · 1936
- In re PrescottCourt of Appeals for the Seventh Circuit · 1986
- In Re Tenna Corporation, Debtor. Charles J. Neuger, Trustee v. United StatesCourt of Appeals for the Sixth Circuit · 1986
11 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Rambo v. Chase Manhattan Mortgage Corp. (In Re Rambo)United States Bankruptcy Court, E.D. Pennsylvania · 2003
- Miller v. Greystone Business Credit II, LLC (In re USA Detergents, Inc.)United States Bankruptcy Court, D. Delaware · 2009
- Creditors Comm Adamson Apparel v. Arnold SimonCourt of Appeals for the Ninth Circuit · 2015
- Falcon Creditor Trust v. First Insurance Funding (In Re Falcon Products, Inc.)United States Bankruptcy Appellate Panel for the Eighth Circuit · 2008
- Russell v. Jones (In Re Pro Page Partners, LLC)United States Bankruptcy Court, E.D. Tennessee · 2003
8 more not listed; retrieve them via the Exa API.