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IN RE LA MANCHA AIRE, INC.

Bankruptcy No. 84-00774-BKC-TCB, Adv. No. 84-0314-BKC-TCB-A.

41 B.R. 647 (1984)

In re LA MANCHA AIRE, INC., Debtor. LA MANCHA AIRE, INC., Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORP. etc., Defendant.

United States Bankruptcy Court, S.D. Florida.

July 26, 1984.

Attorney(s) appearing for the Case

Patricia Redmond, Miami, Fla., for debtor.

Paul D. Friedman, Miami, Fla., for defendant.

MEMORANDUM DECISION

THOMAS C. BRITTON, Bankruptcy Judge.

The chapter 11 debtor-in-possession seeks avoidance under 11 U.S.C. § 547(b) of a preferential transfer. Defendant has answered and the matter was tried on July 19.

The facts are not in dispute. In March 1983, the debtor, a Miami charter air service, borrowed $75,000 from a Miami bank upon a note secured by a Douglas DC7CF aircraft, Serial No. 45188, Registration No. N103LM.

A...

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