KLEVEN v. HOUSEHOLD BANK F.S.B., 02-3127
Transactions involving tax income return Refund Anticipation Loans were "ordinary as between parties" and, when measured against the tax refund loan industry as a whole according to ordinary business terms, are insulated from avoidance under Bankruptcy Code section 547(c)(2).
- Argued 01/24/2003
- Decided 06/30/2003
- Published 06/30/2003
- TERENCE T. EVANS, Circuit Judge., Before RIPPLE, EVANS, and WILLIAMS, Circuit Judges.
- United States Seventh Circuit
- For Appellant:
- Robert L. Nicholson (argued), Beckman Lawson, Fort Wayne, IN, for Yvette Kleven, Mark A. Warsco and David R. DuBois., Charles H. Carpenter (argued), Pepper Hamilton, Washington, DC, for Household Bank F.S.B.