Lyn-Dee Dairy Farm, Inc. v. Schafsma (In Re Lyn-Dee Dairy Farm, Inc.)

FINDINGS OF FACT AND CONCLUSIONS OF LAW

GEORGE L. PROCTOR, Bankruptcy Judge.

This adversary proceeding is before the Court upon the complaint seeking (i) to void Airport Livestock Corporation’s security interest in livestock and milk proceeds pursuant to 11 U.S.C. § 544, (ii) to recover three preferential payments made to Airport Livestock Corporation prior to the commencement of this case, and (iii) to recover a post-petition transfer of funds to Airport Livestock Corporation pursuant to 11 U.S. C. § 549 and § 550(a).

The trial of this adversary proceeding was held December 15, 1988, and upon…