Legal Opinion
In Re Fabric Buys
United States Bankruptcy Court, S.D. New York
Decided October 20, 1983No. 19-35327Published
1Opinion of the Court
MEMORANDUM & ORDER JOHN J. GALGAY, Bankruptcy Judge. Introduction
By summons and complaint and pursuant to section 350 of the Bankruptcy Reform Act of 1978 (“Code”), the bankruptcy trustee of Fabric Buys of Jericho, Inc. (“Debt- or”), seeks to recover an alleged preference of $99,460.00 from the defendant seller for goods stopped in transit. Sanders Gropper, as trustee for the debtor (“Trustee”), claims that the stoppage within 90 days of the time that the purchasing Debtor filed a bankruptcy petition is a preferential transfer under Code section 547 of the Code because the seller’s remedy is…
2Cases cited18 opinions
- In the Matter of Telemart Enterprises, Inc., Bankrupt. Alfred M. Lewis, Inc. v. Lawrence Holzman, TrusteeCourt of Appeals for the Ninth Circuit · 1975
- In re KravitzCourt of Appeals for the Third Circuit · 1960
- In the Matter of Commodity Merchants, Inc., Bankrupt. Harper C. Allan, as Trustee in Bankruptcy v. Archer-Daniels-Midland Co.Court of Appeals for the Seventh Circuit · 1976
- In the Matter of Federal's Inc., a Michigan Corporation, Debtor. Appeal of Matsushita Electric Corporation of AmericaCourt of Appeals for the Sixth Circuit · 1977
- Amoco Pipeline Company, a Corporation v. Admiral Crude Oil Corporation v. Tulsa Crude Oil Purchasing CompanyCourt of Appeals for the Tenth Circuit · 1974
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