HH Liquidation, LLC, et al. - Preference Defense Lawyer
Background, as alleged by Plaintiff:
"The Debtors are six affiliated companies that operate grocery stores throughout the West Coast through three Debtor entities: Haggen, Inc., Haggen Opco North, LLC, and Haggen Opco South, LLC. The Debtors are also affiliated with seven other non-debtor entities, including the Haggen Property Holdings, LLC affiliates. Comvest Group Holdings LLC owns the majority of the equity interests in the combined Haggen enterprise."Procedural History:
On September 8, 2015 (the "Petition Date"), each Debtor commenced a Bankruptcy case by filing a voluntary petition for relief under chapter 11 of the Bankruptcy Code. The Debtors are operating their businesses and managing their properties as debtors in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code. No trustee or examiner has been appointed in these cases. The Debtors’ chapter 11 cases are jointly administered under Case No. 15-11874 (KG).
The Debtors in these chapter 11 cases are: HH Liquidation, LLC (f/k/a Haggen Holdings, LLC), HH Operations, LLC (f/k/a Haggen Operations Holdings, LLC), HH Opco South, LLC (f/k/a Haggen Opco South, LLC), HH Opco North, LLC (f/k/a Haggen Opco North, LLC), HH Acquisition, LLC (f/k/a Haggen Acquisition, LLC), and HH Legacy, Inc. (f/k/a Haggen, Inc.).
These adversary actions are before the Honorable Kevin Gross.
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/delaware-preference-defense-lawyer.html
If you conducted business with Haggen, Inc., Haggen Opco North, LLC, and Haggen Opco South, LLC or any related entities and especially if you have received a demand letter or a complaint, contact us here, email us at email@example.com or call the firm’s Wilmington offices directly at (302) 655-5303 to schedule an initial consultation. We can discuss the situation and share with you our initial observations at no charge.