Prime Core Technologies Inc. – Preference Defense Lawyer

Beginning on July 18, 2025, The PCT Litigation Trust began filing complaints seeking to avoid and recover payments made during the 90 day period prior to the bankruptcy filing, as preferential under Section 547 and Section 550 of the Bankruptcy Code. Approximately 17 such complaints have been filed so far.

The bankruptcy cases and these adversary actions are before Judge J. Kate Stickles .

The debtors in the Chapter 11 Cases are: Prime Core Technologies Inc.; Prime Trust, LLC; Prime IRA LLC; and Prime Digital, LLC.

Common Defenses in Preference Actions

The United States Bankruptcy Code provides many affirmative defenses to preference actions, contained within Section 547(c). For example, the most common defenses that may be available to a Defendant under Section 547(c) may include:

• the transfer was a contemporaneous exchange for new value given to the debtor (i.e., the debtor received something of value in exchange for the transfer); 11 U.S.C. §547(c)(1);
• after such transfer, Defendant gave new value to or for the benefit of the debtor (i.e., the Defendant extended additional credit to the Debtor after receiving the transfer) 11 U.S.C. §547(c)(4); or
• the transfer was in payment of a debt incurred by the debtor in the ordinary course of business or financial affairs of the debtor and the recipient (i.e., Defendant made the transfer under ordinary business terms). 11 U.S.C. §547(c)(2).

For more information, see our page on Preference Defense Litigation: http://www.tobialaw.com/practice-areas/delaware-preference-defense-lawyer/

The following Adversary Proceedings were filed in the bankruptcy of Prime Core Technologies Inc., Case No. 23-11161-JKS between July 18 and August 11, 2025:

25-51190-JKS PCT Litigation Trust v. Pinttosoft LLC
25-51199-JKS PCT Litigation Trust v. Foris Capital US, LLC et al
25-51200-JKS PCT Litigation Trust v. Crescent Financial, Inc. et al
25-51289-JKS PCT Litigation Trust v. Nexxdi OTC, Limited
25-51352-JKS PCT Litigation Trust v. Solidus Advisors, Ltd. et al
25-51599-JKS PCT Litigation Trust v. BKR International KB
25-51801-JKS PCT Litigation Trust v. Cornerstone Global Management, Inc.
25-51804-JKS PCT Litigation Trust v. The Black Wall Street Holdings, Inc.
25-51854-JKS PCT Litigation Trust v. Collective Ventures Holdings LLC
25-51855-JKS PCT Litigation Trust v. Kbit Global Limited
25-51856-JKS PCT Litigation Trust v. Dapps Platform, Inc.
25-51944-JKS PCT Litigation Trust v. Switch Reward Card DAO LLC
25-51945-JKS PCT Litigation Trust v. Stillman Digital, Inc. et al
25-51946-JKS PCT Litigation Trust v. Liquidity Technologies Ltd. et al
25-51947-JKS PCT Litigation Trust v. Coinbits, Inc.
25-51972-JKS PCT Litigation Trust v. Compass Mining, Inc.
25-51973-JKS PCT Litigation Trust v. Eco, Inc.