IN RE INSTRUMENT SALES & SERVICE, INC.

Bankruptcy No. 5-83-00002, Adv. No. 5-86-0236.

99 B.R. 742 (1987)

In re INSTRUMENT SALES & SERVICE, INC., Kenneth HOLT, Trustee, Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION Defendant.

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

July 7, 1987.


Attorney(s) appearing for the Case

Corey W. Haugland, El Paso, Tex., for debtor, Instrument Sales & Service, Inc.

Turpin, Smith, Dyers, Saxe & MacDonald, Midland, Tex., for plaintiff, Kenneth Holt, trustee.

Christie M. Anderson, Midland, Tex., for defendant, Federal Deposit Ins. Corp.


MEMORANDUM OPINION

R. GLEN AYERS, Chief Judge.

This Court has jurisdiction under 28 U.S.C. § 1334 and § 157(b) of this core proceeding to determine whether the transfer alleged was preferential and whether § 550 applies to prevent recovery of the value of the alleged preference from the Federal Deposit Insurance Corporation (hereinafter "FDIC").

On October 20, 1981, Instrument Sales & Services, Inc. (hereinafter "Debtor"), executed...

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