Ordinary Course of Business Defense Delaware

Introduction

In July, Alfred T. Giuliano, the Chapter 7 Trustee (the “Trustee”) in the DHP Holdings (“DHP”) bankruptcy proceeding began filing adversary complaints against various defendants, seeking to avoid and recover what the Trustee contends are avoidable transfers.  This post will look at DHP’s business, why the company filed for bankruptcy and some of the…

Last month, Jeoffrey Burtch, the Chapter 7 Trustee (the “Trustee”) in the Opus East bankruptcy filed approximately 90 preference actions against various defendants.  As stated in his complaints, the Trustee “seeks to avoid and recover … all preferential transfers of property made for or on account of an antecedent debt made to or for the…