142 F.3d 571 | 2d Cir. | 1998
In re: VOGEL VAN & STORAGE, INC., Debtor.
William M. McCARTHY, Esq., as Trustee for the Estate of
Vogel Van & Storage, Inc. Plaintiff-Appellant-Cross-Appellee,
v.
NAVISTAR FINANCIAL CORPORATION, formerly known as
International Harvester Credit Corp., and
Navistar, Inc., formerly known as
International Harvester Company,
Defendants-Appellees-
Cross-Appellants.
Nos. 97-5055, 97-5057.
United States Court of Appeals,
Second Circuit.
Argued Feb. 24, 1998.
Decided April 27, 1998.
Richard L. Weisz, Hodson, Russ, Andrews, Woods & Goodyear, Albany, NY, for Appellants.
Murray S. Brower, Catone & Brower, Albany, NY, for Appellee.
Before: WINTER, Chief Judge, PARKER, Circuit Judge, and SCHWARZER, District Judge.*
PER CURIAM:
William M. McCarthy, trustee for the estate of Vogel Van & Storage, Inc. ("Vogel Van"), appeals from a judgment of the United States District Court for the Northern District of New York, affirming the bankruptcy court's conclusion that a payment by Vogel Van to appellees was made in the ordinary course of business for purposes of 11 U.S.C. § 547(c)(2) and was therefore not avoidable as a preferential transfer pursuant to Section 547(b). We affirm for substantially the reasons stated in Judge Scullin's opinion. In re Vogel Van & Storage, Inc., 210 B.R. 27, 34-37 (N.D.N.Y.1997).
Because we agree with Judge Scullin that Vogel Van's payment was made in the ordinary course of business, we do not reach appellees' assertion on cross-appeal that Key Bank, a creditor of Vogel Van, was not entitled under 11 U.S.C. § 547(b) to pursue, on behalf of the bankruptcy estate, the appeal from the bankruptcy court's judgment.
We therefore affirm.
The Honorable William W. Schwarzer, of the United States District Court for the Northern District of California, sitting by designation
