Slobodian v. United States of America Internal Revenue Service
Court of Appeals for the Third Circuit
1Opinion of the Court
OPINION OF THE COURT
HARDIMAN, Circuit Judge.
Markian Slobodian, in his capacity as trustee of debtor Net Pay Services, Inc., appeals the District Court’s summary judgment in favor of the Internal Revenue Service. The District Court denied Slobo-dian’s motion to avoid five alleged preferential transfers under 11 U.S.C. § 547(b) of the Bankruptcy Code. The District Court held that four of the five payments were not avoidable because of their minimal value. And although the fifth payment was sufficiently large to constitute a preference, it was not avoidable because the funds were not property of…
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