McCuskey v. National Bank of Waterloo (In Re Bohlen Enterprises, Ltd.)

ORDER

HANSEN, District Judge.

This matter is before the court on appellant Thomas G. McCuskey’s (hereinafter “Trustee”) appeal, filed March 23, 1987, and the cross-appeal of the National Bank of Waterloo (hereinafter “Bank”), filed March 30, 1987, from a decision of the bankruptcy court 1 entered February 20, 1987, 78 B.R. 556 (Bkrtcy.N.D.Iowa). Both sides have filed briefs outlining their arguments.

The sole issue before the bankruptcy court was whether a payment by the debt- or to the Bank in the amount of $191,777.27 constituted a preference which is avoidable by the trustee in bankruptcy…