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IN RE CHEMICAL SEPARATIONS CORP.

Bankruptcy No. 3-82-01569, Adv. No. 3-83-0519.

38 B.R. 890 (1984)

In re CHEMICAL SEPARATIONS CORPORATION, Debtor. CHEMICAL SEPARATIONS CORPORATION, Plaintiff, v. ROHM AND HAAS COMPANY, Defendant.

United States Bankruptcy Court, E.D. Tennessee.

April 5, 1984.

Attorney(s) appearing for the Case

Walker & Walker, P.C., John A. Walker, Jr., Mary C. Walker, Ripley, Tenn., for plaintiff.

Egerton, McAfee, Armistead & Davis, P.C., Celeste H. Herbert, Knoxville, Tenn., for defendant.

MEMORANDUM

CLIVE W. BARE, Bankruptcy Judge.

At issue is whether, for purposes of 11 U.S.C.A. § 547(b) (1979), the debtor was insolvent when it transferred to the defendant payments totaling $213,541.45 during the 90-day period prior to commencement of its chapter 11 reorganization.

Also in question is whether the wire transfer of $91,223, which was paid to defendant on a Monday after defendant shipped goods on the previous Friday, comes within...

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