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IN RE ROYAL GOLF PRODUCTS CORP.

Bankruptcy No. 86-02621-R, Adv. No. 86-1171-R.

79 B.R. 695 (1987)

In re ROYAL GOLF PRODUCTS CORP., Debtor. Charles TAUNT, Trustee, Plaintiff, v. FIDELITY BANK OF MICHIGAN, Defendant.

United States Bankruptcy Court, E.D. Michigan, S.D.

November 10, 1987.

Attorney(s) appearing for the Case

Joseph Ahern, Troy, Mich., for plaintiff.

Lawrence Lichtman, Bloomfield Hills, Mich., for defendant.

AMENDED MEMORANDUM OPINION

STEVEN W. RHODES, Bankruptcy Judge.

I. Introduction

The trustee filed this action against Fidelity Bank of Michigan ("Fidelity") to recover an alleged preferential transfer of $194,000 made from the debtor to Fidelity. The trustee alleges that the transfer occurred when Francis McMath repaid a loan owed by the debtor to Fidelity and increased the value of his security interest in the debtor's assets by a corresponding...

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