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IN RE FOOD & FIBRE PROTECTION, LTD.

Bankruptcy No. 91-07580-PHX-CGC. Adv. No. 92-761.

168 B.R. 408 (1994)

In re FOOD & FIBRE PROTECTION, LTD., Debtor. Walter T. THOMPSON, Trustee; United Agri Products Financial Services, Inc., a Colorado corporation; and Loveland Industries, dba United Agri Products, a Colorado corporation, Plaintiffs, v. Ivan and Betty JONOVICH, husband and wife; J.S. Stephens & Sons, Inc., an Arizona corporation, Defendant.

United States Bankruptcy Court, D. Arizona.

May 13, 1994.

Attorney(s) appearing for the Case

J. Daniel Shell, Jennings & Haug, Phoenix, AZ, for Walter T. Thompson, Trustee.

Michael S. Green, Robbins & Green, Phoenix, AZ, for J.S. Stephens & Sons, Inc.

OPINION AND ORDER

CHARLES G. CASE, II, Bankruptcy Judge.

I. INTRODUCTION

This adversary proceeding involves the application of 11 U.S.C. § 550, regarding recovery by the bankruptcy trustee of payments made to transferees of avoided transactions. The Chapter 7 Trustee, Walter T. Thompson ("Trustee"), alleges that a transfer from the Debtor, Food & Fibre Protection, Ltd. ("Food & Fibre") to Defendant Ivan Jonovich ("Jonovich"...

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