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IN RE TRANSIT HOMES, INC.

Bankruptcy No. 83-00151, Complaint No. 85-0016.

57 B.R. 40 (1985)

In re TRANSIT HOMES, INC., Debtor. TRANSIT HOMES, INC., Plaintiff, v. SOUTH CAROLINA NATIONAL BANK, Defendant.

United States Bankruptcy Court, D. South Carolina.

September 16, 1985.

Attorney(s) appearing for the Case

Andrew J. White, Jr., Haynsworth, Perry, Bryant, Marion & Johnstone, Greenville, S.C., for plaintiff/debtor.

Stan McGuffin, Asst. Gen. Counsel, South Carolina Nat. Bank, Columbia, S.C., for defendant.

J. BRATTON DAVIS, Bankruptcy Judge.

The parties have consented to the court's adjudicating this adversary proceeding upon stipulated facts and legal memoranda submitted by the parties.

The debtor, Transit Homes, Inc. (Transit), alleges that it made two payments, totaling $3,542.74, to the defendant, South Carolina National Bank (SCN), which are preferences under 11 U.S.C. § 547. The defendant denies that these payments are preferences because the debtor...

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