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IN RE BELLANCA AIRCRAFT CORP.

Nos. 87-5269 to 87-5271.

850 F.2d 1275 (1988)

In Re BELLANCA AIRCRAFT CORPORATION, Debtor (Three Cases). Edward W. BERGQUIST, Trustee of the Bankruptcy Estate of Bellanca Aircraft Corporation, Appellant, v. ANDERSON-GREENWOOD AVIATION CORP., a Texas Corporation; Anderson Greenwood & Co., a Texas Corporation, Appellees (Two Cases). Edward W. BERGQUIST, Trustee of the Bankruptcy Estate of Bellanca Aircraft Corporation, Appellee, v. ANDERSON-GREENWOOD AVIATION CORP., a Texas Corporation; Anderson Greenwood & Co., a Texas Corporation, Appellants.

United States Court of Appeals, Eighth Circuit.

Decided June 22, 1988.

As Amended on Denial of Rehearing July 20, 1988.

Attorney(s) appearing for the Case

Brian Todd, Minneapolis, Minn., for appellant.

Richard T. Thomson, Minneapolis, Minn., for appellees.

Before LAY, Chief Judge, and HEANEY and MAGILL, Circuit Judges.

LAY, Chief Judge.

The primary issues in this complex bankruptcy case involve the attempt by the trustee for the estate of Bellanca Aircraft Corp. (Bellanca) to set aside allegedly preferential transfers made to Anderson, Greenwood & Co. (AGCO), and its subsidiary, Anderson-Greenwood Aviation Corp. (Aviation). The bankruptcy court1 set aside certain transfers as preferential, but held that...

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