Moglia v. American Psychological Ass'n (In Re Login Bros. Book)
United States Bankruptcy Court, N.D. Illinois
1Opinion of the Court
MEMORANDUM OF DECISION
EUGENE R. WEDOFF, Chief Judge.
This adversary proceeding has before the court on the defendant’s motion for summary judgment. The issue raised by the motion concerns the “new value” defense to a preference action, set out at § 547(c)(4) of the Bankruptcy Code (Title 11, U.S.C.), and specifically, whether a postpetition repayment by the debtor of a “new value” transfer defeats the defense. For the reasons set forth below, such a repayment does defeat the defense, and hence the motion for summary judgment will be denied.
Jurisdiction
Federal district courts have exclusive…
2Cases cited12 opinions
- Hartford Underwriters Insurance v. Union Planters Bank, N. A.Supreme Court of the United States · 2000
- Bosse v. OklahomaSupreme Court of the United States · 2016
- In re PrescottCourt of Appeals for the Seventh Circuit · 1986
- In Re New York City Shoes, Inc., Debtor. New York City Shoes, Inc. v. Bentley International, Inc.Court of Appeals for the Third Circuit · 1989
- Massachusetts Bay Insurance v. Vic Koenig Leasing, Inc.Court of Appeals for the Seventh Circuit · 1998
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3Cited by14 opinions
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- Gonzales v. Nabisco Division of Kraft Foods, Inc. (In Re Furr's Supermarkets, Inc.)Bankruptcy Appellate Panel of the Tenth Circuit · 2004
- McKloskey v. Schabel (In Re Schabel)United States Bankruptcy Court, E.D. Wisconsin · 2006
- Gonzales v. Sun Life Insurance (In re Furr's Supermarkets, Inc.)United States Bankruptcy Court, D. New Mexico · 2012
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