Ross v. Penny (In Re Villa Roel, Inc.)

OPINION AND ORDER

GEORGE FRANCIS BASON, Jr., Bankruptcy Judge.

Before the Court is the Trustee’s motion and the defendants’ cross-motion for summary judgment. The Trustee’s complaint alleges that the defendants, formerly the debtor’s landlords, received a voidable preferential transfer of $16,480.68 from the debtor, or alternatively, that the transfer of monies to the defendants was for less than reasonably equivalent value in exchange for such transfer. See 11 U.S.C. §§ 547 and 548 (1978). 1 Argument on both motions was heard on March 13, 1985, and pursuant to this Court’s directive,…