Updike v. First Federal Savings & Loan Ass'n of Columbus (In Re Updike)

STATEMENT OF THE CASE

Patricia Jackson Updike, Plaintiff, filed a petition for relief under Chapter 11 of the Bankruptcy Code on March 29, 1988. On April 8, 1988, Plaintiff filed a complaint against First Federal Savings and Loan Association of Columbus, Defendant. In her complaint, Plaintiff asserts that Defendant holds a security deed which may be avoided as a preference under section 547 of the Bankruptcy Code. 1 Defendant filed its answer on May 11, 1988.

Defendant filed a motion for summary judgment 2 on May 11, 1988. The Court denied Defendant’s motion on June 20, 1988, expressing concern…