Huennekens v. Tye (In Re Kel-Wood Timber Products Co.)

MEMORANDUM OPINION

DOUGLAS 0. TICE, Jr., Bankruptcy Judge.

Trial was held on the trustee’s complaint to set aside prepetition transfers of money by the debtor to the defendant. The complaint alleged the debtor had made both preferential transfers, avoidable under 11 U.S.C. § 547, and fraudulent transfers, avoidable under 11 U.S.C. § 548. At the conclusion of trial the Court orally stated findings of fact and conclusions of law, ruling that plaintiff was entitled to recover preferential transfers from the defendant under § 547 in the sum of $35,000.00; plaintiff was denied any recovery under §…