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IN RE GLOBE TANKER SERVICES INC.

Bankruptcy No. 5-88-00452, Adv. No. 90-5134.

151 B.R. 23 (1993)

In re GLOBE TANKER SERVICES INC., Globe Transport and Trading Company Limited, Debtors. Richard M. COAN, Chapter 7 Trustee, Plaintiff, v. STONE OIL CO., Defendant.

United States Bankruptcy Court, D. Connecticut.

March 11, 1993.

Attorney(s) appearing for the Case

E. Huntington Deming, New Haven, CT, for plaintiff.

Howard T. Gillis, New Haven, CT, for defendant.

MEMORANDUM AND ORDER ON CROSS MOTIONS FOR SUMMARY JUDGMENT

ALAN H.W. SHIFF, Bankruptcy Judge.

The plaintiff seeks to set aside a wire transfer payment to the defendant as a fraudulent transfer. 11 U.S.C.A. § 548(a)(2) (West Supp.1992). The parties have filed cross motions for summary judgment. For the reasons that follow, both motions are denied.

BACKGROUND

Globe Transport and Trading Company Limited earned commissions for transporting...

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