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IN RE MEREDITH MANOR, INC.

No. 89-1503.

902 F.2d 257 (1990)

In Re MEREDITH MANOR, INC.; Myrrdydd Corporation; Go Sign, Inc.; Ronald W. Meredith and Faith F. Meredith, d/b/a Meredith Manor School of Horsemanship, Debtors. William CRICHTON, V., Trustee, Defendant-Appellant, v. WHEELING NATIONAL BANK, a West Virginia corporation, Appellee, and United States Department of Education, Defendant.

United States Court of Appeals, Fourth Circuit.

Decided May 3, 1990.

As Amended May 21, 1990.

Attorney(s) appearing for the Case

Robert L. Bays, Ruley & Everett, Parkersburg, W.Va., for defendant-appellant.

Jeffrey W. McCamic, McCamic & McCamic, Wheeling, W.Va., for appellee.

Before HALL, Circuit Judge, and HOFFMAN and MERHIGE, Senior District Judges for the Eastern District of Virginia, sitting by designation.

K.K. HALL, Circuit Judge:

William Crichton, trustee in this bankruptcy case, appeals from the district court's order vacating the judgment of the bankruptcy court and remanding for application of a different method of calculating the amount of the debtors' loan repayments which may be recovered as preferences. 103 B.R. 118. We hold that the district court correctly applied 11 U.S.C. § 547(c), and we affirm.

I.

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