Legal Opinion
In Re Abc-Naco, Inc., Debtor-Appellee, and Official Committee of Unsecured Creditors of Abc-Naco, Inc., Appeal Of: Softmart, Incorporated
Court of Appeals for the Seventh Circuit
Decided April 9, 2007No. 06-1719PublishedCited by 25 opinions
1Opinion of the Court
MANION, Circuit Judge.
In the summer of 2001, ABC-Naco, Incorporated, remitted four payments totaling $98,641.26 to Softmart, Incorporated, in partial payment for Microsoft software and equipment that ABC-Naco had purchased from Softmart in 1998. Less than 90 days later, ABC-Naco filed for bankruptcy. The unsecured creditors of ABC-Naco sought return of the payments to the bankruptcy estate, alleging that it constituted a preferential transfer. The bankruptcy court held that the payments were not a preferential transfer, but the district court reversed. ABC-Naco appeals. We affirm the district…
2Cases cited13 opinions
- Salem, Maurice J. v. Neshewat, MichaelCourt of Appeals for the Seventh Circuit · 2006
- In Re Energy Cooperative, Inc., Debtor. Energy Cooperative, Inc., Jay A. Steinberg, Trustee v. Socap International, Ltd.Court of Appeals for the Seventh Circuit · 1987
- In Re Air Conditioning, Inc. Of Stuart, Debtor. American Bank of Martin County, Douglass E. Wendel, Trustee v. Leasing Service CorporationCourt of Appeals for the Eleventh Circuit · 1988
- In the Matter of Whitcomb & Keller Mortgage Co., Inc., Debtor. Data-Link Systems, Inc. v. Whitcomb & Keller Mortgage Co., Inc.Court of Appeals for the Seventh Circuit · 1983
- In Re: Jones Truck Lines, Inc.Court of Appeals for the Eighth Circuit · 1998
8 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- Wiese v. Appeal of Community Bank of Central WisconsinCourt of Appeals for the Seventh Circuit · 2009
- Tidwell v. Smith (In Re Smith)Court of Appeals for the Seventh Circuit · 2009
- Jafari v. Wynn Las Vegas, LLC (In Re Jafari)Court of Appeals for the Seventh Circuit · 2009
- Charles E. Covey v. State Bank of ToulonCourt of Appeals for the Seventh Circuit · 2014
- Salta Group, Inc. v. McKinneyDistrict Court, C.D. Illinois · 2008
20 more not listed; retrieve them via the Exa API.