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IN RE WORLD FINANCIAL SERVICES CENTER, INC.

BAP No. SC 87-1125-AsJV, Bankruptcy No. 84-04452-H7, Adv. No. C86-0688-H7.

78 B.R. 239 (1987)

In re WORLD FINANCIAL SERVICES CENTER, INC., a California corporation, dba World Financial Systems, Bargain Furniture and Bargain Furnishings, Appliances & Electronics, Debtor(s). SANYO ELECTRIC, INC., Appellant(s), v. Harold S. TAXEL, Trustee, Appellee(s).

United States Bankruptcy Appellate Panels of the Ninth Circuit.

Decided September 16, 1987.

Attorney(s) appearing for the Case

Lee G. Werner, Werner & Guziak, Orange, Cal., for appellants.

Paul S. Avilla, Sheppard, Mullin, Richter & Hampton, San Diego, Cal., for appellees.

Before ASHLAND, JONES and VOLINN, Bankruptcy Judges.

OPINION

ASHLAND, Bankruptcy Judge.

Sanyo Electric, Inc. appeals from an order of the bankruptcy court granting summary judgment for recovery of a preference. 11 U.S.C. § 547. We affirm.

FACTS

On October 9, 1984 the debtor World Financial Services Center, Inc. filed a Chapter 11 petition. It is undisputed that within 90 days before filing its petition, the debtor paid Sanyo Electric, Inc. $18,347.82. The trustee Harold S. Taxel commenced...

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