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IN RE SPINNAKER INDUSTRIES, INC.

Bankruptcy No. 03-67707, Adversary No. 03-2545.

328 B.R. 755 (2005)

In re SPINNAKER INDUSTRIES, INC., Debtor. SKK Liquidation Trust, Plaintiff, v. Green & Green, LPA, Defendant.

United States Bankruptcy Court, S.D. Ohio, Eastern Division at Columbus.

May 20, 2005.

Attorney(s) appearing for the Case

Jeffrey Mark Levinson, Pepper Pike, OH, for Plaintiff.

Stephen D. Brandt, Dayton, OH, for Defendant.

MEMORANDUM OPINION

JOHN E. HOFFMAN, JR., Bankruptcy Judge.

I. Introduction

Before filing its voluntary Chapter 11 petition, Spinnaker Coating, Inc. ("Spinnaker Coating" or "Debtor") made a $100,000 payment ("Transfer" or "First Payment") to partially fund the settlement of a personal injury claim asserted by Thomas R. Bricker ("Bricker"), a former Spinnaker Coating employee. The Transfer was in the form of a check made jointly payable to...

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