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IN RE SOUTHEAST COMMUNITY MEDIA, INC.

Bankruptcy No. 1-81-01204, Adv. No. 1-81-0612.

27 B.R. 834 (1983)

In re SOUTHEAST COMMUNITY MEDIA, INC., Debtor. Gus A. WOOD, III, Trustee, Plaintiff, v. Roberta DAVIS, Defendant.

United States Bankruptcy Court, E.D. Tennessee.

February 24, 1983.

Attorney(s) appearing for the Case

Gus A. Wood, III, Chattanooga, Tenn., for the trustee.

Richard Korsakov, Chattanooga, Tenn., for defendant.

MEMORANDUM

RALPH H. KELLEY, Bankruptcy Judge.

Southeast Community Media, Incorporated, owned and operated radio station WEDG in Soddy, Tennessee. Before its bankruptcy, the debtor sold the radio station to the defendant, Roberta Davis. In his complaint, the trustee alleged that the sale to Mrs. Davis was an avoidable preferential transfer to the extent the consideration was Mrs. Davis's cancellation of debts. The...

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