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MATTER OF RED WAY CARTAGE CO., INC.

Bankruptcy No. 86-01191-B, Adv. No. 87-0235-B.

84 B.R. 459 (1988)

In the Matter of RED WAY CARTAGE COMPANY, INC., Debtor. Stuart A. GOLD, Trustee, Plaintiff, v. Stanley KUBICKI and Bernice Kubicki, Defendants.

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

April 4, 1988.

Attorney(s) appearing for the Case

Joseph A. Ahern, Stark & Reagan, Troy, Mich., for plaintiff/trustee.

Thomas J. Pereira, P.C., Farmington Hills, Mich., for defendants.

MEMORANDUM OPINION

GEORGE BRODY, Chief Judge.

The question presented is whether certain payments made by the debtor to the defendant are protected by Section 547(c)(2) of the Bankruptcy Code.

On October 1, 1979, Redway Cartage Company (Redway) leased commercial real estate from Walter and Stanley Kubicki for a term of six years for the sum of $657,000 payable in monthly installments of $9,125 on the first...

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