The ‘Ordinary Course’ Defense Is Satisfied by Showing One of the Two Tests, Not Both
Following the 2005 amendments, satisfying either the subject test or the objective test will prove the ‘ordinary course’ defense to a preference, Judge Hoffman says.
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Case Details
Case Citation
Pidcock v. Strum Ruger & Co. (In re ASPC Corp.), 20-2077 (Bankr. S.D. Ohio, March 29, 2024).
Case Name
Pidcock v. Strum Ruger & Co. (In re ASPC Corp.)
Case Type
Business