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IN RE BAJA BOATS, INC.

Bankruptcy No. 94-60141, Adversary No. 96-6021.

203 B.R. 71 (1996)

In re BAJA BOATS, INC., Debtor. The OFFICIAL COMMITTEE OF UNSECURED CREDITORS OF BAJA BOATS, INC., Plaintiff, v. NORTHERN LIFE INSURANCE COMPANY; The North Atlantic Life Insurance Company of America; and Ministers Life Insurance Company fka Ministers Life — A Mutual Life Insurance Company, Defendants.

United States Bankruptcy Court, N.D. Ohio.

November 5, 1996.

Attorney(s) appearing for the Case

Thomas C. Scott, Thompson, Hine & Flory, Columbus, OH, for Plaintiff.

Dennis M. Ryan, Faegre & Benson, Minneapolis, MN, for Defendants.

MEMORANDUM OF DECISION

JAMES H. WILLIAMS, Chief Judge.

Plaintiff, The Official Committee of Unsecured Creditors of Baja Boats, Inc., has filed the current litigation seeking to avoid an allegedly preferential transfer. Presently before the court is the motion of Defendants Northern Life Insurance Company (Northern Life), The North Atlantic Life Insurance Company of America (North Atlantic Life) and Minnesota Mutual Life Insurance Company

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