Universal Serv. Admin. Co. v. Post-Confirmation Committee of Unsecured Creditors of Incomnet Communications Corp. (09/20/06 - No. 03-56736)

A decision by the bankruptcy appellate panel, holding that a non-profit corporation incorporated to collect, pool, and disburse the universal service support funds contributed by telecommunications carriers (USAC) was a transferee under 11 U.S.C. sections 547 and 550, is affirmed where USAC had "dominion" over a bankruptcy debtor's universal service support contributions and was therefore a transferee under section 550(a)(1).