Jones v. Kellman (In Re Kellman)

FINDINGS OF FACT AND CONCLUSIONS OF LAW

JERRY A. FUNK, Bankruptcy Judge.

This proceeding is before the Court on a Complaint filed on June 22, 1999 by Gordon P. Jones, as Chapter 7 Trustee, (“Trustee”) seeking to avoid a transfer of property pursuant to 11 U.S.C. § 548. (Doc. 1.) Allen I. Kellman (“Defendant”) filed an answer on July 7, 1999 denying material allegations and asserting affirmative defenses. .(Doc. 5.) The Court conducted a trial on October 6, 1999. At the conclusion of this trial, the Court asked both parties for submissions to support their positions. Upon the evidence presented…