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IN RE COUNTRY JUNCTION, INC.

Bankruptcy Nos. 1-81-00473-E to 1-81-00475-E, Adv. Nos. 1-82-0123, 1-82-0230-E.

49 B.R. 708 (1985)

In re COUNTRY JUNCTION, INC., et al., Debtors. COUNTRY JUNCTION, INC., et al., Plaintiffs, v. MONEY EXCHANGE, Republic Factors, Defendants. COUNTRY JUNCTION, INC., et al., Plaintiffs, v. REPUBLIC FACTORS, San Francisco Shirt Works, Defendants.

United States Bankruptcy Court, W.D. Texas, San Antonio Division.

March 27, 1985.

Attorney(s) appearing for the Case

Donald R. Taylor and Donald Rector, Akin, Gump, Strauss, Hauer & Feld, San Antonio, Tex., for Country Junction, Inc.

Vernon O. Teofan, Freytag, LaForce, Rubinstein & Teofan, Dallas, Tex., for Republic Factors.

MEMORANDUM OPINION

JOSEPH C. ELLIOTT, Bankruptcy Judge.

This case involves a preferential transfer under § 547 of the Bankruptcy Code. The issue to be determined is whether the Creditor receiving the transfer has established the defense of new value pursuant to § 547(c)(4). This opinion shall constitute findings of fact and conclusions of law under Bankruptcy Code Rule 7052.

The Debtor, Country Junction, Inc., was in the business of purchasing...

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