In re Fabricators Supply Co., 292 B.R. 531 (Bankr. D.N.J. 2003)
N/AOUTCOME: The Court held that daily sweep of Debtor's account by factor had to be included in disbursements used to determine quarterly fees.
Chapter 11 case
Haddonfield, NJ
Bankruptcy and debt Lawyer at Haddonfield, NJ
Practice Areas: Bankruptcy & Debt, Litigation ... +3 more
OUTCOME: The Court held that daily sweep of Debtor's account by factor had to be included in disbursements used to determine quarterly fees.
Chapter 11 case
OUTCOME: The Court decided that Chapter 13 Debtors lack standing to exercise a trustee's avoidance powers
Chapter 13 Case
OUTCOME: The Bankruptcy Court held that a Chapter 13 Debtor lacked standing to avoid a foreclosure sale as a fraudulent transfer. However, the Chapter 13 trustee could ratify the Debtor's actions and avoid the sale.
OUTCOME: Affirmed
Appeal of Bankruptcy Court's Ryker decision to the United States District Court.