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IN RE ROYAL GOLF PRODUCTS CORP.

No. 88-1615.

908 F.2d 91 (1990)

In re ROYAL GOLF PRODUCTS CORP., a Michigan Corporation, Debtor. Charles TAUNT, Trustee, Plaintiff-Appellee, v. FIDELITY BANK OF MICHIGAN, Defendant-Appellant.

United States Court of Appeals, Sixth Circuit.

Decided July 18, 1990.

Attorney(s) appearing for the Case

Joseph A. Ahern (argued), Stark, Readan & Finnerty, Troy, Mich., for plaintiff-appellee.

John William Butler, Jr., Bloomfield Hills, Mich., Richard P. Saslow, Mark L. Kowalsky, John D. Hertzberg, Butzel, Keidan, Simon, Myers & Graham, Detroit, Mich., Lawrence A. Lichtman, (argued), Bloomfield Hills, Mich., for defendant-appellant.

Before JONES, WELLFORD and GUY, Circuit Judges.

NATHANIEL R. JONES, Circuit Judge.

Fidelity Bank of Michigan appeals from the district court's judgment, which affirmed the bankruptcy court's finding of a voidable preference under 11 U.S.C. § 547(b) (1982). For the following reasons, we affirm the judgment of the district court.

I.

On November 5, 1985, the defendant-appellant, Fidelity Bank of Michigan ("Fidelity"), loaned $194,000.00 to Royal Golf Products Corporation ("Royal Golf" or "Debtor...

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