IN RE PRODUCTION STEEL, INC.

Bankruptcy No. 382-01255, Adv. No. 384-0151.

54 B.R. 417 (1985)

In re PRODUCTION STEEL, INC., Debtor. PRODUCTION STEEL, INC., Plaintiff, v. SUMITOMO CORPORATION OF AMERICA, Defendant.

United States Bankruptcy Court, M.D.S. Tennessee.

October 23, 1985.


Attorney(s) appearing for the Case

Margaret M. Huff, Chambers, Wyckoff & Beckner, Nashville, Tenn., for plaintiff.

David M. Smythe, King, Ballow & Little, Nashville, Tenn., Howard Joseph, Chicago, Ill., for defendant.


MEMORANDUM

KEITH M. LUNDIN, Bankruptcy Judge.

The debtor-in-possession seeks to recover a preference in the sum of $95,754.65 from Sumitomo Corporation of America. The parties have filed cross-motions for partial summary judgment on the question whether the § 547(c)(2) defense is available to Sumitomo. Production Steel is entitled to summary judgment, dismissing Sumitomo's defense.

The following constitute findings of fact and conclusions of...

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