Home/D. Nevada/Henderson v. Allred (In Re Western World Funding, Inc.)

Henderson v. Allred (In Re Western World Funding, Inc.)

54 B.R. 470
CourtUnited States Bankruptcy Court, D. Nevada
DecidedOctober 29, 1985
Docket19-10491
StatusPublished
Cited by50 cases

This text of 54 B.R. 470 (Henderson v. Allred (In Re Western World Funding, Inc.)) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, D. Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Henderson v. Allred (In Re Western World Funding, Inc.), 54 B.R. 470 (Nev. 1985).

Opinion

MEMORANDUM DECISION

ROBERT CLIVE JONES, Bankruptcy Judge.

This adversary proceeding was commenced on April 2,1984 with the filing of a Complaint whereby the Trustee sought to avoid preferential transfers of over $800,-000 made to several hundred “investors” in Western World Funding (WWF) and United Security Systems Leasing (USSL). These debtors filed for protection under Chapter 11 of the Bankruptcy Code 1 on June 16, 1982, and were soon followed by the other above-named corporations. Timothy Henderson was appointed trustee by Order of this Court dated July 6, 1982, and his motion for joint administration was granted two days later. Finally, on April 5, 1983, these cases were converted for liquidation under Chapter 7 and substantively consolidated.

Having conducted a trial of this case on December 5, 1984, and having duly considered the record, the Court hereby makes its Findings of Fact and Conclusions of Law as required by Bankruptcy Rule 7052. The Findings of Fact made herein may be considered Conclusions of Law to the extent appropriate. The Conclusions of Law made herein may be considered Findings of Fact to the extent appropriate.

FINDINGS OF FACT

1. Debtors Western World Funding, Inc. and/or United Security Systems Leasing, Inc., transferred property of these debtors to or for the benefit of the below-named Defendants in the below-named amounts, for or on account of antecedent debts. Said transfers were made while these debtors were insolvent, were made on or within ninety (90) days before the date of the filing of the Bankruptcy Petitions, and enabled said Defendants to receive more than these Defendants would receive if the transfers had not been made and these Defendants received payments of these debts to the extent provided by the provisions of Title 11, United States Code. The above-said Defendants receiving said transfers and the amounts of said transfers are as follows:

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Bluebook (online)
54 B.R. 470, Counsel Stack Legal Research, https://law.counselstack.com/opinion/henderson-v-allred-in-re-western-world-funding-inc-nvb-1985.