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IN RE D G & ASSOC., INC.

Bankruptcy No. BK-1-79-01289, Adv. No. 1-80-30.

11 B.R. 30 (1981)

In re D G & ASSOCIATES, INC., D G & Associates, J & E Associates, and Ten-Vol Sales, Bankrupt. C. Kenneth STILL, Trustee, Plaintiff, v. CITY BANK AND TRUST COMPANY, Defendant.

United States Bankruptcy Court, E.D. Tennessee.

April 13, 1981.

Attorney(s) appearing for the Case

A. Alexander Taylor, II, Chattanooga, Tenn., for plaintiff.

Harold N. Roney, McMinnville, Tenn., for defendant.

MEMORANDUM

RALPH H. KELLEY, Bankruptcy Judge.

The trustee brought this suit against the bank to recover two allegedly preferential transfers.

The transfers were two payments of interest due to the bank on two promissory notes executed by Ten-Vol Sales or D G & Associates in return for loans from the bank. The bankrupt is a successor to Ten-Vol Sales Company.

The payments were $423.51 paid on June 4, 1979, and $450.00 paid on July 23,...

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