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CIMMARON OIL CO., INC. v. CAMERON CONSULTANTS, INC.

Civ. A. No. CA3-86-1644-D.

71 B.R. 1005 (1987)

CIMMARON OIL COMPANY, INC., Plaintiff-Appellant, v. CAMERON CONSULTANTS, INC., Defendant-Appellee.

United States District Court, N.D. Texas, Dallas Division.

April 13, 1987.

Attorney(s) appearing for the Case

Herbert J. Gilles and Linda N. Coffee, Palmer, Palmer & Coffee, P.C., Dallas, Tex., for plaintiff-appellant.

S. Gary Werley of Bishop, Payne, Lasmens & Brown, Fort Worth, Tex., for defendant-appellee.

OPINION

FITZWATER, District Judge.

Appellant, Cimmaron Oil Company, Inc. ("Cimmaron"), a chapter 11 debtor, appeals from a summary judgment denying its attempt to avoid two pre-petition payments as being 11 U.S.C. § 547(b) preferences. The creditor, Cameron Consultants, Inc. ("Consultants"), successfully urged in the bankruptcy court the affirmative defense that it had substantially and contemporaneously exchanged new value within the meaning of 11...

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