Legal Opinion

Young v. Continental Worsteds, Inc. (In Re Wingspread Corp.)

United States Bankruptcy Court, S.D. New York

Decided October 9, 1990No. 19-10700PublishedCited by 4 opinions

1Opinion of the Court

DECISION ON MOTION FOR PARTIAL SUMMARY JUDGMENT REGARDING BANKRUPTCY CODE § 547(c)(4)

TINA L. BROZMAN, Bankruptcy . Judge.

As with much in life, timing here is everything. The precise question before me is whether the “transfer” contemplated by the subsequent advance defense to a preference contained in § 547(c)(4) of the Bankruptcy Code (11 U.S.C.A. § 547(c)(4) (West 1979)) (the Code) occurs on the date a debtor delivers a check to a creditor or on the date the check is honored. Continental Worsteds, Inc. (Continental) the defendant in this adversary proceeding, moves for partial summary…

2Cases cited26 opinions

  1. 20 Collier bankr.cas.2d 19, Bankr. L. Rep. P 72,385, 7 Ucc rep.serv.2d 656 in Re Bellanca Aircraft Corporation, Debtor (Three Cases). Edward W. Bergquist, Trustee of the Bankruptcy Estate of Bellanca Aircraft Corporation v. Anderson-Greenwood Aviation Corp., a Texas Corporation Anderson Greenwood & Co., a Texas Corporation, (Two Cases). Edward W. Bergquist, Trustee of the Bankruptcy Estate of Bellanca Aircraft Corporation v. Anderson-Greenwood Aviation Corp., a Texas Corporation Anderson Greenwood & Co., a Texas CorporationCourt of Appeals for the Eighth Circuit · 1988
  2. In Re Fulghum Construction CorporationCourt of Appeals for the First Circuit · 1983
  3. In Re Wadsworth Building Components, Inc., Debtor, Gary L. McClendon Trustee v. Cal-Wood DoorCourt of Appeals for the Ninth Circuit · 1983
  4. Antonio O'neill, as Trustee for Caceres & Johnson P.R., Inc. v. Nestle Libbys P.R., Inc.Court of Appeals for the First Circuit · 1984
  5. Gold Coast Seed Co. v. Spokane Seed Co. (In Re Gold Coast Seed Co.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1983

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3Cited by4 opinions

  1. Savage & Associates, P.C. Ex Rel. Teligent, Inc. v. MandlUnited States Bankruptcy Court, S.D. New York · 2008
  2. Official Committee of Unsecured Creditors of Maxwell Newspapers, Inc. v. Travelers Indemnity Co. (In Re Maxwell Newspapers, Inc.)United States Bankruptcy Court, S.D. New York · 1996
  3. Hovis v. Aerospace Solutions, Inc. (In Re Air South Airlines, Inc.)United States Bankruptcy Court, D. South Carolina · 2000
  4. Bash v. American Tool Companies, Inc. (In re George Worthington Co.)United States Bankruptcy Court, N.D. Ohio · 1994

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