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Thus in light of the statutes and case law discussed abov~a, <br />successful reclamation against a debtor in possession requires a <br />reclamation claimant to establish the following elements: <br />a. The reclamation claimant must have been a <br />seller of goods to the debtor in possession; <br />b. The reclamation claimant must establish that <br />the sale of goods was within the ordinary course of its <br />business; <br />c. The reclamation claimant must (a) prove that <br />the debtor in possession was insolvent when the goods <br />were sold, and (b) not have prior knowledge of the <br />debtor in possession's insolvency; <br />d. The reclamation claimant must make written <br />demand upon the debtor in possession before 10 days <br />after receipt of the goods; and <br />e. The reclamation claimant must prove that the <br />goods were existing and in the possession of the debtor <br />in possession at the time demand for reclamation was <br />made. <br />See In re Furniture Distributors. Inc., 45 Bankr. 38 (Bankr. D. <br />Mass. 1984) (proper reclamation analysis involves two steps: <br />first, bankruptcy code requirements must be met, second, court <br />applies statutory or common-law). <br />With respect to the Valid Reclamation Claims of the <br />Reclamation Claimants, CF6I Steel believes that these standards <br />~ The requirement that a reclamation claimant may not have <br />prior knowledge of debtor's insolvency is derived from the <br />Uniform Commercial Code. The Colorado Uniform Commercial Code at <br />4-2-702(2) states that "where the seller discovers that the buyer <br />has received goods on credit while insolvent, he may reclaim the <br />goods upon demand " Hence, the Code implies that discovery <br />of insolvency within the reclamation period is essential to <br />pursuing a reclamation claim. Of course, it is impossible for a <br />seller to discover insolvency if the seller had prior knowledge <br />of the insolvency. In re Video Kina of Illinois. Inc., 100 <br />Bankr. 1008, 1013 ft. 6 (Bankr. N.D. I11. 1989) (technically <br />reclamation claimant must prove prior ignorance of insolvency). <br />10 <br />