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IN RE SACO LOCAL DEVELOPMENT CORP.

Bankruptcy No. 281-00151 to 281-00154, Adv. No. 281-0245.

30 B.R. 867 (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. SOUTHERN MAINE METAL, INC., Defendant.

United States Bankruptcy Court, D. Maine.

June 1, 1983.

Attorney(s) appearing for the Case

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

Alan Nelson, Smith & Elliott, Saco, Me., for defendant.

MEMORANDUM DECISION

FREDERICK A. JOHNSON, Bankruptcy Judge.

The trustee seeks to recover, as an avoidable preference under section 547(b) of the Bankruptcy Code, a payment received by Southern Maine Metal, Inc., from the debtor, the Saco Tanning Division of Kirstein Leather Company. 11 U.S.C.A. § 547(b) (1979). Southern Maine Metal argues that the challenged transfer is protected from avoidance by section 547(c)(2). 11 U.S.C.A. § 547(c)(2) (1979...

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