In Re Gold Coast Seed Company, Debtor, M. Nolden, Trustee v. Van Dyke Seed Company, Inc.

SCHROEDER, Circuit Judge.

The Bankruptcy Code provides that in certain circumstances a trustee may avoid a debtor’s property transfer if the transfer was made on or within ninety days before the date of the filing of a petition for bankruptcy. 11 U.S.C. § 547(b)(4)(A). One exception to this general rule is that the trustee may not avoid the transfer to the extent it was in “payment of a debt incurred in the ordinary course of business,” and made in the ordinary course of business not later than forty-five days after the debt was incurred. 11 U.S.C. § 547(c)(2)(A)-(D). In this case, the trustee…