IN RE ERIN FOOD SERVICES, INC.

Nos. 91-2175, 91-2176.

980 F.2d 792 (1992)

In re ERIN FOOD SERVICES, INC., Debtor, The TRAVELERS INSURANCE COMPANY, et al., Appellants, v. CAMBRIDGE MERIDIAN GROUP, INC., et al., Appellees. In re ERIN FOOD SERVICES, INC., Debtor. The TRAVELERS INSURANCE COMPANY, et al., Appellants, v. CAMBRIDGE MERIDIAN GROUP, INC., et al., Appellees.

United States Court of Appeals, First Circuit.

Decided November 23, 1992.


Attorney(s) appearing for the Case

Evan D. Flaschen with whom Derek M. Johnson, Charles F. Vandenburgh, Ronald J. Silverman and Hebb & Gitlin, Hartford, Conn., were on brief, for appellants.

James D. McGinley with whom Neil W. Bason and Edwards & Angell, Boston, Mass., were on brief, for appellees.

Before BREYER, Chief Circuit Judge, CYR, Circuit Judge, and STAHL, District Judge.


CYR, Circuit Judge.

Appellants, creditors holding partially secured claims ("appellants" or "secured lenders") against property of the estate of the chapter 11 debtor,1 Erin Food Services, Inc. ("debtor" or "Erin"), challenge a bankruptcy court order setting aside, as voidable preferences, three installment interest payments Erin made to appellants, within one year of the chapter 11 petition, on an antecedent debt guaranteed by an Erin...

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