The Central Trust Co., Rochester, N.Y. v. Official Creditors' Committee of Geiger Enterprises, Inc., et al., 1981 case revolved around the issue of whether a bankruptcy court could order a secured creditor to use its collateral for post-petition operating expenses in an attempt to reorganize under Chapter XI of the Bankruptcy Act. The Supreme Court held that it was not within the power of a bankruptcy court to do so without consent from the secured party. In this case, Central Trust Company had loaned money to Geiger Enterprises and received security interests in virtually all assets owned by Geiger as collateral for these loans. When Geiger filed for bankruptcy under Chapter XI, they sought permission from the courts to use cash collateral provided by Central Trust Company for their continued operation during reorganization efforts without obtaining consent from Central Trust Company first.

In the dissenting opinion for Central Trust Co., Rochester, N. Y. v. Official Creditors' Committee of Geiger Enterprises, Inc., et al., 1981, it was argued that the majority's decision to allow a bankruptcy trustee to avoid a transfer made by an insolvent debtor within one year prior to filing for bankruptcy under Section 547(b) of the Bankruptcy Code was incorrect and inconsistent with previous rulings on similar cases. The dissenting justices believed that this interpretation expanded the scope of preferential transfers beyond what Congress intended when drafting the law and could potentially harm creditors who acted in good faith without knowledge of insolvency or intent to defraud other creditors. They also expressed concern about how such broad interpretation might affect commercial transactions and credit markets as businesses would be more hesitant in extending credit due to fear their claims may later be voided if insolvency occurs within a year.