The facts in In re Gulf City Seafoods Inc., 2002 WL 1362880 (5th Cir. July 11) are straightforward. The debtor, a seafood processor, made payments to one of its suppliers of seafood during the preference period and attempted to avoid the payments.
The bankruptcy court found that the debtor had made most of these payments “in the ordinary course of business” and refused to avoid the payments. The district court affirmed, but the court of appeals reversed and remanded.
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