In the Matter of Citizens Loan and Savings Company, Bankrupt. George v. Aylward, Jr., Trustee in Bankruptcy v. Charlotte Weiser
Court of Appeals for the Eighth Circuit
1Opinion of the Court
HEANEY, Circuit Judge.
The trustee for the bankrupt Citizens Loan and Savings Company seeks to compel Charlotte Weiser to turn over certain mo nies to the bankrupt’s estate, contending that her withdrawals of the monies from Citizens were voidable preferences under section 60(b) of the Bankruptcy Act, 11 U.S.C. § 96(b). On cross-motions for summary judgment, the district court denied the trustee’s motion and granted Weiser’s. We affirm the judgment of the district court.
In July of 1977, Charlotte Weiser had $38,500 on deposit with Citizens. On August 1, 1977, she received a letter from the…
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