First Trust National Ass'n v. American National Bank & Trust Co. (In Re Adventist Living Centers, Inc.)

How courts have described this case

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

• holding that transfer occurs on date that contractual right to payment is assigned, not on date payment is actually made or collected
• holding that transfer occurs on date that contractual right to payment is assigned, not on date payment is actually made or collected
• “[A] debt arose on the part of the Debtor when the lease payments fell due. Conversely, the Landlord had a right to payment and had a claim for each month’s obligation on the date each payment fell due.”

Source: CourtListener parenthetical corpus (CC0).