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IN RE SEA BRIDGE MARINE, INC.

Bankruptcy No. 05-17400. Adversary No. 07-01125.

412 B.R. 868 (2008)

In the Matter of SEA BRIDGE MARINE, INC., Debtor. Claude C. Lightfoot, Jr., as Chapter 7 Trustee of the Bankruptcy Estate of Sea Bridge Marine, Inc., Complainant v. Amelia Maritime Services, Inc., et al., Defendants.

United States Bankruptcy Court, E.D. Louisiana.

November 24, 2008.

Attorney(s) appearing for the Case

Eric J. Derbes, The Derbes Law Firm, LLC, Metairie, LA, Michael D. Rubenstein, Liskow & Lewis, Houston, TX, for Debtor.

MEMORANDUM OPINION

ELIZABETH W. MAGNER, Bankruptcy Judge.

The Chapter 7 Trustee, Claude C. Lightfoot, Jr. ("Trustee"), filed this adversary proceeding to avoid and recover three alleged preferential payments made by the debtor, Sea Bridge Marine, Inc., ("Sea Bridge" or "Debtor") to the defendant, Praxis Energy Agents, LLC, ("Praxis") totaling $195,000.00. Praxis asserts that the payments fall under the ordinary course of business exception set forth...

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