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IN RE CHEMICAL SEPARATIONS CORP.

Bankruptcy No. 3-82-01569, Adv. No. 3-83-0531.

36 B.R. 141 (1984)

In re CHEMICAL SEPARATIONS CORPORATION, Debtor. CHEMICAL SEPARATIONS CORPORATION, Plaintiff, v. J.L. IRONS, d/b/a Alloy Fabrications, Co., Defendant.

United States Bankruptcy Court, E.D. Tennessee.

January 18, 1984.

Attorney(s) appearing for the Case

John A. Walker, Jr., Mary C. Walker, Knoxville, Tenn., for plaintiff.

Richard E. Faires, Knoxville, Tenn., for defendant.

CLIVE W. BARE, Bankruptcy Judge.

The debtor in possession seeks to avoid two prepetition transfers to defendant pursuant to 11 U.S.C.A. § 547(b) (1979). Defendant contends that subsequent to the alleged preferential transfers it gave to the debtor new value not secured by an otherwise unavoidable security interest and on account of which the debtor did not make an otherwise unavoidable transfer to defendant. 11 U.S.C.A. § 547(c)(4) (1979). Defendant maintains...

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