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IN RE AJAYEM LUMBER CORP.

Bankruptcy Nos. 88 B 20609-88 B 20612, No. 91-6236A.

145 B.R. 813 (1992)

In re AJAYEM LUMBER CORP., Ajayem Lumber Midwest Corp., Ajayem Lumber Southeast, Ajayem Lumber Corp. of Tampa, Debtors. Jeffrey L. SAPIR, Trustee, Plaintiff, v. GREEN FOREST LUMBER LIMITED, Defendant.

United States Bankruptcy Court, S.D. New York.

October 8, 1992.

Attorney(s) appearing for the Case

Nisen & Elliott, Chicago, Ill., for Green Forest Lumber Ltd.; John K. Kneafsey, of counsel.

Mayer, Brown & Platt, New York City, for trustee.

DECISION ON TRUSTEE'S ACTION TO RECOVER PREFERENCE AND MOTION TO DISMISS PURSUANT TO SECTION 546(a)

HOWARD SCHWARTZBERG, Bankruptcy Judge.

This is a preference action brought by the Chapter 7 trustee for Ajayem Lumber Corp., Ajayem Lumber Midwest Corp., Ajayem Lumber Southeast, and Ajayem Lumber Corp. of Tampa (collectively the "debtors") against Green Forest Lumber Limited ("Green Forest"), one of the debtors' trade creditors. Green Forest argues that payments...

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