Perfection

Decision in In re J. Silver Clothing, Inc., Holds that §547(c) "Substantially Contemporaneous" Transfers are not Governed by a Bright Line Rule under §547(e)

05/04/11

Summary

In a 28 page decision signed April 29, 2011, Judge Gross of the Delaware Bankruptcy Court determined that in order for a transfer to be considered “substantially contemporaneous” as used by Bankruptcy Code §547(c), it does not necessarily need to comply with the timing requirements of §547(e). Judge Gross’s opinion is available here (the “Opinion”). 

Background

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