Crews v. National Coating, Inc. (In Re National Aerospace, Inc.)

FINDINGS OF FACT AND CONCLUSIONS OF LAW

GEORGE L. PROCTOR, Bankruptcy . Judge.

This adversary proceeding is before the Court- upon the Complaint of Gregory K. Crews,'Trustee (Plaintiff), to recover fraudulent or preferential transfers from National Coating, Inc. (Defendant), pursuant to §§ 547 and 548 of the ■ Bankruptcy Code. After a trial on November 25, 1997, the Court enters the following findings of fact and conclusions of law:

FINDINGS OF FACT

1. Vern and Barbara Hampton are husband and wife and were the sole shareholders and officers of National Aerospace, Inc. (Debtor).

2. Barbara Hampton…