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IN RE TENNESSEE CHEMICAL CO.

Nos. 95-6053, 95-6102.

112 F.3d 234 (1997)

In re TENNESSEE CHEMICAL COMPANY, Debtor. Scott N. BROWN, Jr., Trustee, Plaintiff-Appellee, Cross-Appellant, v. SHELL CANADA LIMITED, Defendant-Appellant, Cross-Appellee.

United States Court of Appeals, Sixth Circuit.

Decided April 23, 1997.

Rehearing Denied May 13, 1997.

Rehearing and Suggestion for Rehearing Denied May 27, 1997.

Attorney(s) appearing for the Case

Richard B. Gossett, Mark D. Hackett (argued and briefed), Baker, Donelson, Bearman & Caldwell, Chattanooga, TN, for Defendant-Appellant.

David B. Kesler (argued and briefed), Scott N. Brown, Jr., Brown, Dobson, Burnette & Kesler, Chattanooga, TN, for Plaintiff-Appellee.

Before: BOGGS and NORRIS, Circuit Judges; HOOD, District Judge.

Rehearing and Suggestion for Rehearing En Banc Denied May 27, 1997.

ALAN E. NORRIS, Circuit Judge.

After a series of financial setbacks, Tennessee Chemical Company ("TCC") filed a voluntary bankruptcy petition under Chapter 11 of the Bankruptcy Code. This action stems from an adversary proceeding initiated by the bankruptcy trustee against Shell Canada, Ltd., seeking to limit the amount of Shell's secured claim and to recover as preferences certain payments...

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