Chiasson v. First Tennessee Bank National Ass'n (In re Kaufman)

MEMORANDUM OPINION

JERRY A. BROWN, Bankruptcy Judge.

This matter came on for trial on June 19, 1995 on the trustee’s complaint seeking avoidance of a preferential transfer under 11 U.S.C. § 547(b). The court has considered the evidence, the memoranda, and the arguments of counsel and makes the following determinations.1

I. Facts

Defendant, First Tennessee Bank National Association (“First Tennessee”) is a prepetition judgment-creditor of the debtor, Carl M. Kaufinan, Jr. (“Kaufman”). To execute on its judgment, First Tennessee instituted garnishment proceedings against Kaufman’s employer, Kenneth…