Garrett v. Falkner (In Re Royal Crown Bottlers of North Alabama, Inc.)

INTRODUCTION, FINDINGS OF FACT, CONCLUSION AND ORDER

L. CHANDLER WATSON, Jr., Bankruptcy Judge.

This is a case begun by a voluntary petition filed on May 7, 1980, under Chapter 7, Title 11, United States Code, and the case continues to be pending before the court under said chapter. The above-styled adversary proceeding was commenced by the trustee of the bankrupt estate in an effort to recover the proceeds of $35,000 from a bank check in that amount which was issued by the debtor to the defendant. The trustee alleged that this was a transfer for “less than a reasonably equivalent value,” that…