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IN RE ALABAMA AIRCRAFT INDUSTRIES, INC.

Case No. 11-10452(PJW), Substantively Consolidated, Adv. Proc. No. 13-50727(PJW).

In re: Alabama Aircraft Industries, Inc., et al., Chapter 7, Debtors. Charles M. Forman, Chapter 7, Trustee, Plaintiff, v. IPFS Corporation of the South f/k/a Premium Financing Specialists of the South, Inc., Defendant.

United States Bankruptcy Court, D. Delaware.

December 5, 2013.

Attorney(s) appearing for the Case

Mark Minuti , Lucian B. Murley , SAUL EWING LLP, Wilmington, DE, Counsel to IPFS Corporation of the South f/k/a Premium Financing Specialists of the South, Inc.

Katharine L. Mayer , McCARTER & ENGLISH, LLP, Wilmington, DE, Harry M. Gutfleish Matteo Percontino , FORMAN HOLT ELIADES & YOUNGMAN LLC Paramus, NJ, Counsel to Charles M. Forman, the Chapter 7 Trustee.

MEMORANDUM OPINION

WALSH, Bankruptcy Judge.

This opinion is with regard to the summary judgment motion filed by IPFS Corporation of the South ("Defendant"). (Adv. Doc. No. 11.) In addition, this opinion will reach the merits of Trustee's cross-motion for summary judgment filed in opposition. (Adv Doc. No. 14.) For the reasons detailed below, I will grant Defendant's motion for summary judgment.

Background

This adversary proceeding was filed...

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