Frances Gecker v. LG Funding LLC - MCA Preference Action

Fri, 24 Apr 2026 02:26:57 +0000
Bankruptcy

The US Bankruptcy Court for the Northern District of Illinois issued a memorandum opinion on November 2, 2021, granting judgment in favor of LG Funding LLC on all three counts in adversary proceeding number 17 A 00072. Frances Gecker, as Chapter 7 trustee for the jointly administered bankruptcy estates of Network Salon Services LLC and Anthia R. Hill, had sought to recover alleged preferential and constructively fraudulent transfers under 11 U.S.C. §§ 547(b) and 548(a)(1)(B), and to disallow claims filed by LG Funding pursuant to 11 U.S.C. § 502(d). The court rejected all three claims, finding in favor of the defendant merchant cash advance company.