Quantcast
Home / Verdicts & Settlements / Debtor attempts to recover money from card processor – Defense Verdict (access required)

Debtor attempts to recover money from card processor – Defense Verdict (access required)

This decision arose out of an adversary proceeding in which the debtor, Appalachian Oil Company (Appco), sought to avoid and recover as preferential transfers $78,764 in prepetition payments. Appco supplied Virginian Travel Plaza (VTP) with gasoline that VTP sold at its convenience store. When customers purchased gasoline with credit cards, Appco would pro-cess the credit card ...

Leave a Reply