Ace Finance Co. v. Berg (In Re Ace Finance Co.)

MEMORANDUM OP OPINION AND ORDER

RANDOLPH BAXTER, Bankruptcy Judge.

These several actions were consolidated and came on for a bifurcated trial proceeding solely on the issue to determine whether the Debtor, Ace Finance Company (Ace) was insolvent at the times certain alleged preferential transfers were made preceding the filing of its petition under Chapter 11. The Plaintiff in each of these matters is the duly appointed Creditors Committee.

The facts pertinent to the Court’s determination of the insolvency issue are as follows and constitute the findings of this Court pursuant to Rule 52,…