Woodard v. Synovus Bank of Tampa Bay (In Re Alford)

FINDINGS OF FACT AND CONCLUSIONS OF LAW

ALEXANDER L. PASKAY, Bankruptcy Judge.

THIS PROCEEDING came on for a two-day trial on the Complaint to Avoid and Recover Preferential and Fraudulent Transfers (Doc. No. 1) (“Complaint”) by the Chapter 7 Trustee, Susan K. Woodard (“Trustee”) against Synovus Bank of Tampa Bay (“Synovus”) and Dale F. Alford, Sr. (“Alford, Sr.”). Default judgment having been entered against Alford, Sr. (Doc. No. 63), the Trustee proceeded at trial only against Synovus, and only on Count I of the Complaint, which was based on a theory of preferential transfer under 11 U.S.C. §…