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

By Virginia Lawyers Weekly
Published: August 1, 2011

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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 ...
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