Baker Hughes Oilfield Operations, Inc. v. Cage (In Re Ramba, Inc.)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• concluding that the relevant debt for a payment made to stave off an involuntary bankruptcy petition was created by the receipt of goods, not the later settlement agreement
• noting that bankruptcy filing creates an estate and an “accompanying transfer of the property of the debtor . . . to the estate”
• “Inferences drawn from a statute’s legislative history, however, cannot justify an interpretation that departs from the plain language of the statute itself.”
• “[a] debt is ‘antecedent’ for purposes of § 547(b) if it was incurred before the alleged preferential transfer.”
• “[t]he obvious weakness of this evidence, however, is that it reflects a balance achieved seventeen months prior to Ramba's transfer.”
• “[T]he relevant question for purposes of § 547(b)(3) is whether the debtor was insolvent as of ‘the date of the payment at issue.’”

Source: CourtListener parenthetical corpus (CC0).