Huffman v. New Jersey Steel Corp. (In Re Valley Steel Corp.)
United States Bankruptcy Court, W.D. Virginia
1Opinion of the Court
DECISION AND ORDER
ROSS W. KRUMM, Chief Judge.
This adversary proceeding involves two steel companies, Valley Steel, (herein “Valley”) the Debtor in Chapter 7, and New Jersey Steel, (herein “NJS”) a creditor of Valley and the transferee of payments on account of an antecedent debt owed by Valley. The Trustee filed this adversary proceeding alleging that Valley made preferential payments to NJS in violation of 11 U.S.C. § 547(b), 1 and that those payments should be recovered by the estate for the benefit of unsecured creditors. NJS concedes that the payments were preferential as defined by…
2Cases cited21 opinions
- In the Matter of Tolona Pizza Products Corporation, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1993
- In Re Craig Oil Company, Debtor. Marathon Oil Company v. William M. Flatau, TrusteeCourt of Appeals for the Eleventh Circuit · 1986
- In Re Molded Acoustical Products, Inc., Debtor. Fiber Lite Corporation v. Molded Acoustical Products, Inc.Court of Appeals for the Third Circuit · 1994
- In Re Yurika Foods Corp., Debtor and Debtor-In-Possession. Yurika Foods Corporation v. United Parcel ServiceCourt of Appeals for the Sixth Circuit · 1989
- In Re Magic Circle Energy Corp.United States Bankruptcy Court, W.D. Oklahoma · 1986
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- Official Committee of Unsecured Creditors of Enron Corp. v. Martin ( in Re Enron Creditors Recovery Corp.)United States Bankruptcy Court, S.D. New York · 2007
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