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IN RE ANCHORAGE MARINA, INC.

Bankruptcy No. 86-06102, Adv. No. 87-7095.

93 B.R. 686 (1988)

In re ANCHORAGE MARINA, INC., Debtor. Phillip D. ARMSTRONG, Trustee of the Estate of Anchorage Marina, Inc., Plaintiff, v. Arnold KETTERLING, Robert B. Hart, and Hart Agency, Inc., Defendants.

United States Bankruptcy Court, D. North Dakota.

July 20, 1988.

Attorney(s) appearing for the Case

Charles E. Johnson, Bismarck, N.D., for defendant.

John E. Mack, New London, Minn., for Hart Agency, Inc.

Phillip D. Armstrong, Minot, N.D., Trustee.

Edwin Dyer, Bismarck, N.D., for Robert Hart.

MEMORANDUM AND ORDER

WILLIAM A. HILL, Bankruptcy Judge.

The matter before the court is an adversary proceeding by which the trustee seeks to recover payments made by the Debtor, Anchorage Marina, Inc. (Anchorage), to the defendants. The trustee asserts that the payments constituted fraudulent and preferential transfers. Defendants Robert B. Hart and Arnold Ketterling were Anchorage shareholders and directors. Defendant Hart Agency, Inc. was Hart's employer...

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