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IN RE SACO LOCAL DEVELOPMENT CORP.

Adv. No. 281-0214.

30 B.R. 870 (1983)

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. SEABOARD CHEMICALS, INC., Defendant.

United States Bankruptcy Court, D. Maine.

June 2, 1983.

Attorney(s) appearing for the Case

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

Charles J. Kickham, Jr., Brookline, Mass., for defendant.

MEMORANDUM DECISION

FREDERICK A. JOHNSON, Bankruptcy Judge.

The trustee seeks to recover, as avoidable preferences under section 547(b) of the Bankruptcy Code, payments received by Seaboard Chemicals, Inc., from the debtor, the Saco Tanning Division of Kirstein Leather Company. 11 U.S.C.A. § 547(b) (1979). Seaboard argues that the challenged transfers are protected from avoidance by subsections (c)(1) and (c)(4) of section 547. 11 U.S.C.A. § 547...

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