Legal Opinion
Crichton v. Wheeling National Bank (In re Meredith Manor, Inc.)
Court of Appeals for the Fourth Circuit
Decided May 3, 1990No. 89-1503PublishedCited by 1 opinion
1Opinion of the Court
K.K. HALL, Circuit Judge:
William Crichton, trustee in this bankruptcy case, appeals from the district court’s order vacating the judgment of the bankruptcy court and remanding for application of a different method of calculating the amount of the debtors’ loan repayments which may be recovered as preferences. 103 B.R. 118. We hold that the district court correctly applied 11 U.S.C. § 547(c), and we affirm.
I
The debtors obtained a $200,000 running line of credit from Wheeling National Bank (the Bank) in May, 1985. As security, they assigned to the Bank all accounts receivable and student…
2Cases cited3 opinions
- Thomas W. Garland, Inc. v. Union Electric Co. (In Re Thomas W. Garland, Inc.)United States Bankruptcy Court, E.D. Missouri · 1982
- Leathers v. Prime Leather Finishes Co.District Court, D. Maine · 1984
- Wheeling National Bank v. Meredith (In Re Meredith Manor, Inc.)District Court, S.D. West Virginia · 1989
3Cited by1 opinion
- 23 Collier bankr.cas.2d 629, Bankr. L. Rep. P 73,414 in Re Meredith Manor, Inc. Myrrdydd Corporation Go Sign, Inc. Ronald W. Meredith and Faith F. Meredith, D/B/A Meredith Manor School of Horsemanship, Debtors. William Crichton, v. Trustee v. Wheeling National Bank, a West Virginia Corporation, and United States Department of EducationCourt of Appeals for the Fourth Circuit · 1990