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IN RE APPALACHIAN FINISHING WORKS

Bankruptcy No. 97-32177. Adversary No. 99-3126.

244 B.R. 771 (2000)

In re APPALACHIAN FINISHING WORKS, Debtor. Ann Mostoller, Trustee, Plaintiff, v. Pearson Leasing & Financial Corporation, First National Bank & Trust Company, Bank First, Valley Bank, Union Planters Bank, Defendants.

United States Bankruptcy Court, E.D. Tennessee, Winchester Division.

January 25, 2000.

Attorney(s) appearing for the Case

Edward J. Shultz, Hagood, Tarpy & Cox, PLLC, Knoxville, TN, for plaintiff.

Thomas H. Dickenson, Lisa J. Hall, Hodges, Doughty & Carson, Knoxville, Tennessee, for defendant, Pearson Leasing & Financial Corporation.

H. Chris Trew, Higgins, Biddle, Chester & Trew, Athens, TN, for defendant, First National Bank and Trust Company.

Wilson S. Ritchie, Walter B. Johnson, II, Ritchie & Johnson, Knoxville, TN, for defendant, BankFirst.

Cheryl E. Light, Lewis, King, Krieg, Waldrop & Catron, Knoxville, TN, for defendant, First American National Bank, Successor in Interest to Valley Bank.

James C. Wright, Butler, Vines & Babb, PLLC, Knoxville, TN, for defendant, Union Planters Bank.

MEMORANDUM ON PEARSON LEASING & FINANCIAL CORPORATION'S MOTION FOR SUMMARY JUDGMENT

RICHARD S. STAIR, Jr., Chief Judge.

This adversary proceeding was commenced by the Plaintiff Chapter 7 Trustee's filing of a Complaint on July 19, 1999, seeking to avoid and recover pursuant to 11 U.S.C.A. §§ 547(b) and 550(a) (West 1993) alleged preferential transfers made to or for the benefit of the Defendants.1

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