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TWO OIL, INC. v. TAMPIMEX, INC.

Bankruptcy No. 82-01523-H1-5, Adv. No. 83-0595-H1.

58 B.R. 966 (1986)

In re TWO OIL, INC. v. TAMPIMEX, INC.

United States Bankruptcy Court, S.D. Texas, Houston Division.

March 27, 1986.

Attorney(s) appearing for the Case

James C. Kean, Dotson & Babcock & Scofield, Houston, Tex., for Tampimex, Oil Intern., Ltd.; William M. Schultz, Dotson, Babcock & Scofield, of counsel.

George H. Tarpley, Sheinfeld, Maley & Kay, Houston, Tex., for Two Oil, Inc.

EDWARD J. RYAN, Bankruptcy Judge.

Two Oil, Incorporated ("Two Oil") is a Chapter 11 debtor in possession which, under 11 U.S.C. § 547, seeks to set aside an alleged preferential transfer made to Tampimex Oil International, Ltd. ("Tampimex"). The facts of the case are as follows:

Two Oil arranged with its only bank, Houston City Bank, now BancTexas, ("the Bank") for a line of credit which was secured by all the assets and inventory of Two Oil. The value...

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