Jahn v. Genesis Merchant Partners, LP (In re U.S. Insurance Group)

MEMORANDUM

JOHN C. COOK, Bankruptcy Judge.

This adversary proceeding is before the court on the plaintiffs motion for summary judgment on his complaint seeking the avoidance and recovery of alleged preferential transfers made to the defendant totaling $128,063.89.1 Having reviewed the motions, briefs, affidavits, and other related filings, the court will grant the plaintiffs motion.

I

The record reveals the following undisputed facts. On September 1, 2008, debtor U.S. Insurance Group, LLC, executed a one-year $800,000 promissory note in favor of the defendant, Genesis Merchant Partners, LP. After…