CARL L. BUCKI, Bankruptcy Judge.
In New York State, public utilities are required to offer Deferred Payment Agreements to qualified commercial customers who face a termination of service by reason of payment delinquency. The question now at issue is whether such deferred payments satisfy the ordinary course exception to the preference provisions of 11 U.S.C. § 547.
In November 1992, Al Cohen's Rye Bread Bakery, Inc., began to fall behind in payments to...
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