Baumgart v. Bedlyn, Inc. (In Re Empire Interiors, Inc.)

MEMORANDUM OF OPINION AND ORDER

RANDOLPH BAXTER, Bankruptcy Judge.

Richard A. Baumgart (the Trustee) filed his Complaint to set aside a fraudulent transfer and to determine validity, priority and amount of liens and claims in the above-styled proceeding. Upon the conclusion of a trial proceeding, an examination of the evidence adduced and of the record, generally, the following factual findings and conclusions of law are rendered:

On September 3, 1999, Empire Interiors, Inc. and Empire Furniture of Mentor, Ltd. (jointly referred to as “The Debtor”) filed their respective voluntary petitions for…