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IN RE CVEO CORP.

Bankruptcy No. 01-0223 (MFW), Adversary No. 03-50231.

327 B.R. 724 (2005)

In re CVEO CORPORATION f/k/a Converse, Inc., Debtor. Argus Management Group, as Trustee for the Creditors Reserve Trust, Plaintiff, v. J-Von N.A., Defendant.

United States Bankruptcy Court, D. Delaware.

August 9, 2005.

Attorney(s) appearing for the Case

Theodore Tacconelli, Ferry, Joseph & Pearce, P.A., Wilmington, DE, for Plaintiff.

Martin T. Fletcher, Whiteford, Taylor & Preston, L.L.P., Baltimore, MD, for Plaintiff.

William E. Chipman, Jr., Greenberg Traurig LLP, Wilmington, DE, for Defendant.

MEMORANDUM OPINION1

MARY F. WALRATH, Bankruptcy Judge.

Before the Court is the Plaintiff's Motion for Summary Judgment on its Complaint to avoid preferential transfers and to recover property pursuant to sections 547 and 550 of the Bankruptcy Code. For the reasons set forth below, the Court will grant the Motion.

I. BACKGROUND

CVEO Corporation f/k/a Converse, Inc. ("the Debtor") filed a chapter 11...

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