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IN RE SACO LOCAL DEVELOPMENT CORP.

Bankruptcy Nos. 281-00151 to 281-00154, Adv. No. 281-0201.

30 B.R. 868 (1983)

In re SACO LOCAL DEVELOPMENT CORP. Leather Comfort Corporation Kirstein Leather Co. d/b/a Saco Tanning Corp. Kirstein Split Corporation, Debtors. Roderick R. ROVZAR, Trustee, Plaintiff, v. GOLTEN SHIP REPAIR, INC., Defendant.

United States Bankruptcy Court, D. Maine.

June 2, 1983.

Attorney(s) appearing for the Case

Gregory Tselikis, Charles Miller, Bernstein, Shur, Sawyer & Nelson, Portland, Me., for plaintiff.

Robert J. Keach, Verrill & Dana, Portland, Me., for defendant.

MEMORANDUM DECISION

FREDERICK A. JOHNSON, Bankruptcy Judge.

The trustee seeks to recover, as a preferential transfer under section 547(b) of the Bankruptcy Code, a payment received by Golten Ship Repair, Inc., from the debtor, the Saco Tanning Division of Kirstein Leather Company. 11 U.S.C.A. § 547(b) (1979). Golten asserts that the trustee has failed to establish an element of section 547(b). In addition, Golten argues that the challenged transfer...

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