Preference Action definition

Preference Action means any and all claims or defenses of the Debtors or Reorganized Debtors arising under section 547 of the Bankruptcy Code (but excluding claims or defenses arising under section 547 of the Bankruptcy Code brought as counterclaims or defenses to Claims asserted against the Debtors).

Preference Action means a Right of Action pertaining to Bankruptcy Code section 547 for recovery of prepetition payments made by the Debtor (but expressly excluding security interests, liens and similar interests).

Preference Action means a Cause of Action pertaining to section 547 of the Bankruptcy Code for recovery of prepetition payments made by the Debtor.

Examples of Preference Action in a sentence

• The court and the parties then proceeded with testimony regarding the termination petitions.

• No distribution or payment shall be made to any Holder of an Allowed Claim who is also a potential defendant in an Assigned Preference Action or any other Cause of Action.

• If you have any questions about any of the items, please contact the teacher.FAMILY LIFE EDUCATION PROGRAM & IMPLEMENTATION PLAN‌The Family Life Education (FLE) program is implemented as mandated by the Virginia State Board of Education.

• Settlement of Preference Action against A.C. Leadbetter & Son, Inc.Between September 30, 2002 and October 2, 2002, the Debtors commenced actions against three vendors who had not executed tolling agreements, seeking the return of potentially preferential funds received by those parties in an amount totaling approximately $1.2 million.

• Plaintiff Has Sustained His Burden Under the Section 547(b) Preference Action with the Exception of Three Transfers, Which Have Unresolved Questions of Fact.The Trustee’s avoidance powers are designed: (i) “to preserve the property includable within the bankruptcy estate .

More Definitions of Preference Action

Preference Action means any and all claims or defenses of the Debtors or Post-Effective Date Debtors arising under section 547 of the Bankruptcy Code related to payments or transfers made within 90 days of the Petition Date (but excluding claims or defenses arising under section 547 of the Bankruptcy Code brought as counterclaims or defenses to Claims asserted against the Debtors).

Preference Action means any Cause of Action brought pursuant to Sections 547 and 550 of the Bankruptcy Code against any Person or other entity, including, without limitation, those Persons and entities listed in Item No. 3 of the Schedules.

Preference Action means the preferential transfer action pursuant to section 547 of the Bankruptcy Code alleged in the complaint [D.E. #1383] filed in the adversary proceeding [Adv. Case. No. 08-01435] commenced by the Committee against the First Lien Revolver Lenders, the First Lien Term Lenders and the Second Lien Lenders and certain other parties, as such complaint and the parties thereto may be amended from time to time.

Preference Action means any legal proceeding commenced under the United States Bankruptcy Code or the Bankruptcy and Insolvency Act (Canada) or equivalent laws in any other jurisdiction against the Insured to return an alleged preferential payment made by the Buyer to the Insured within ninety (90) days prior to the commencement of Insolvency.

Preference Action means an Avoidance Action pursuant to section 547 of the Bankruptcy Code.

Preference Action means any and all claims or defenses of the Debtors or Reorganized Debtors arising under section 547 of the Bankruptcy Code related to payments or transfers made within 90 days of the Petition Date.

Preference Action means any legal proceeding commenced under the United States Bankruptcy Code against the Insured to return an alleged preferential payment made by the Buyer to the Insured within ninety (90) days prior to the commencement of Insolvency.