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New Cases For the Week of May 7, 2007 - May 11,, 2007
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Click here to search prior New Opinion summaries.
May 10, 2007 |
Case |
Court |
Holding |
Nichols v. Birdsell
(DBN Subscription Required) |
9th Cir. |
Debtors' pre-bankruptcy application of their right to tax refunds to post-bankruptcy tax obligations constitutes an asset that must be turned over to the bankruptcy trustee pursuant to the Bankruptcy Code, 11 U.S.C. section 542 |
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May 7, 2007 |
Case |
Court |
Holding |
In re: Globe Building Materials, Inc.
(DBN Subscription Required) |
7th Cir. |
In a preference suit to recover payments made to a company producing specialized equipment for a bankrupt roofing materials manufacturer during the preference period, judgment for the trustee is affirmed where the defendant's delivery of certain components of the equipment line during the preference period was not enough to entitle it to the benefit of the new value exception. |
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