B.Z. Corp. v. Continental Bank, N.A. (In Re B.Z. Corp.)

OPINION

EMIL F. GOLDHABER, Bankruptcy Judge:

The defendant, Continental Bank, N.A. (“Continental”), has moved the court to dismiss a complaint filed by the debtor in possession, B.Z. Corporation (“B.Z.”), which requests the avoidance of certain transfers between Continental and the debtor. For the reason stated herein we will grant partial relief.

The facts of this case viewed in the light most favorable to the plaintiff are as follows: 1 Continental granted a loan of $130,-000.00 on September 9, 1979, to B.Z. which was secured by the debtor’s assets, the personal guaranty of Philip Franco…