Marketing Resources International Corp. v. PTC Corp. (In Re Marketing Resources International Corp.)

OPINION

EMIL F. GOLDHABER, Bankruptcy Judge:

In resolving the three above captioned adversary proceedings, we face several issues, the most prominent of which arises where the debtor has satisfied an antecedent debt to a noninsider more than ninety days but less than one year prior to the filing of the petition, which satisfaction has the effect of releasing an insider, who was a surety on the debt, from his contingent liability thereof; we must determine whether the insider’s release from liability is actionable under 11 U.S.C. § 547(b) of the Bankruptcy Code (“the Code”). For reasons…