District Court, C.D. California May 8, 1992, SACV 91-691-GLT, SACV 91-692-GLT, Bankruptcy No. SA 89-01647JR, Adv. No. SA 89-0589 (Parker North American v. Resolution Trust Corp. (In Re Parker North American Corp.))

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United States · · · 08-05-1992

TAYLOR, District Judge.

The Court holds that, despite the normal jurisdictional prerequisite of an administrative demand, the bankruptcy court has an independent ground for jurisdiction over a claimed preferential transfer because the RTC filed its own affirmative claim.

I. BACKGROUND

On March 17, 1989, Parker North American (“PNA”) filed its Chapter 11 petition for bankruptcy relief.

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