Williams v. McNabb (In re McNabb)

MEMORANDUM OPINION RE COMPLAINT TO AVOID PREFERENTIAL TRANSFERS AND TO RECOVER AMOUNT OF SUCH TRANSFERS

Jimmy L. Croom, UNITED STATES BANKRUPTCY JUDGE

At issue in this proceeding are four pre-petition transfers the debtors made to the defendant within one year of the filing of the debtors’ bankruptcy petition. Three of *331the transfers were transfers of money totaling $183,950.00. The fourth transfer occurred when the debtors granted the defendant a security interest in their crops that the defendant did not perfect until approximately five months after execution of the promissory note. The…