American Furniture Outlet USA, Inc. v. Woodmark Originals, Inc. (In Re American Furniture Outlet USA, Inc.)

MEMORANDUM OPINION

CATHARINE R. CARRUTHERS, Bankruptcy Judge.

THIS MATTER came on for hearing before the undersigned bankruptcy judge in Greensboro, North Carolina on April 18, 1997, to consider the merits of an adversary proceeding filed by the Debtor-in-Possession, American Furniture Outlet USA, Inc., under 11 U.S.C. § 547(b) and 11 U.S.C. § 550(a)(1), to recover an alleged preferential transfer extended to the Defendant, Wood-mark Originals, Inc. J. Brooks Reitzel, Jr. appeared as counsel for the Debtor-in-possession; Woodmark Originals, Inc., was represented by Jan H. Samet.

This matter…