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IN RE RICHARDS

Bankruptcy No. 01-35526-DOT. Adversary No. 02-06989-DOT.

336 B.R. 722 (2004)

In re Jerimiah L. RICHARDS, Alberta H. Richards, Debtors. Bruce E. Robinson, Plaintiff, v. Rapid Funding, LLC, USB Paine Webber, Defendants.

United States Bankruptcy Court, E.D. Virginia, Richmond Division.

March 5, 2004.

Attorney(s) appearing for the Case

Robert H. Chappell, Spotts, Fain PC, Richmond, VA, Chapter 7 Trustee.

Teddy J. Midkiff, Marvin, Alan, Rosman & Associates, Richmond, Virginia, for Rapid Funding LLC.

Sandy T. Tucker, Williams Mullen, Richmond, VA, for USB Paine Webber.

MEMORANDUM OPINION

DOUGLAS O. TICE JR., Chief Judge.

Trial was held December 5, 2003, on trustee's complaint to recover money or property, to determine the extent, validity, and priority of liens, and to compel turnover of assets of the estate. In his complaint trustee alleged:

(1) that the assignment of and granting of a security interest in two of debtors' accounts in favor of defendant Rapid Funding is an avoidable preference under Bankruptcy...

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