Sanyo Electric, Inc. v. Taxel (In Re World Financial Services Center, Inc.)
United States Bankruptcy Appellate Panel for the Ninth Circuit
1Opinion of the Court
OPINION
ASHLAND, Bankruptcy Judge.
Sanyo Electric, Inc. appeals from an order of the bankruptcy court granting summary judgment for recovery of a preference. 11 U.S.C. § 547. We affirm.
FACTS
On October 9, 1984 the debtor World Financial Services Center, Inc. filed a Chapter 11 petition. It is undisputed that within 90 days before filing its petition, the debtor paid Sanyo Electric, Inc. $18,347.82. The trustee Harold S. Taxel commenced an adversary proceeding to avoid preference and for turnover of property on August 25, 1986. On November 26, 1986 the trustee filed a motion for summary judgment.…
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