In re Gulf Coast Glass & Erection: Section 502(d) Does Not Bar Preference Action After Allowance of Creditor's Claim | Practical Law
On January 10, 2013, the US Bankruptcy Court for the Southern District of Texas in Shurn v. Gilbert (In re Gulf Coast Glass & Erection Co., Inc.) granted summary judgment to the liquidating trustee and ruled that section 502(d) of the Bankruptcy Code did not preclude the trustee's preference actions against the defendant, whose claim had already been allowed under the debtor's confirmed plan of reorganization.