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IN RE SUN VALLEY PRODUCTS, INC.

Bankruptcy No. 03-30933, Adversary No. 04-7060.

328 B.R. 147 (2005)

In re: SUN VALLEY PRODUCTS, INC., Debtor. Kip M. Kaler, as Bankruptcy Trustee, Plaintiff, v. Red River Commodities, Inc., Defendant.

United States Bankruptcy Court, D. North Dakota.

July 13, 2005.

Attorney(s) appearing for the Case

Edward F. Klinger, Gunhus Law Firm, Moorhead, MN, for Debtor.

MEMORANDUM AND ORDER

WILLIAM A. HILL, Bankruptcy Judge.

Kip M. Kaler, the Bankruptcy Trustee in this case, initiated this adversary proceeding by Complaint filed October 28, 2004, seeking a determination that the sale of Debtor Sun Valley Products, Inc.'s assets to Defendant Red River Commodities, Inc. was a fraudulent transfer pursuant to 11 U.S.C. § 548 and N.D.C.C. § 13-02.1-04. The trustee asserts Red River Commodities paid $900,000...

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