OPINION
EMIL F. GOLDHABER, Bankruptcy Judge:
The issue at bench is whether the creation and perfection of the creditor's security interest shortly before the debtor filed a petition for an arrangement under chapter XI of the Bankruptcy Act ("the Act") was a voidable preference under § 60 of the Act. We conclude that that security interest was not a voidable preference because the creditors' committee (and debtor) have failed to establish that the creditor...
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