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IN RE BANGOR & AROOSTOOK R. CO.

Bankruptcy No. 01-11565, Adversary No. 03-1210.

324 B.R. 164 (2005)

In re BANGOR & AROOSTOOK RAILROAD COMPANY, Debtor. James E. Howard, Chapter 11 Trustee of Bangor & Aroostook Railroad Company and Canadian American Railroad Company, Plaintiff, v. Bangor Hydro Electric Company, Defendant.

United States Bankruptcy Court, D. Maine.

February 25, 2005.

Attorney(s) appearing for the Case

Daniel Cummings, Esq., Normand, Hanson & DeTroy, Portland, ME, for Plaintiff.

Andrew Kull, Esq., Cope & Cope, P.A., Portland, ME, for Defendant.

MEMORANDUM OF DECISION

JAMES B. HAINES, JR., Bankruptcy Judge.

This preference recovery action is before me on a stipulated record. James E. Howard, trustee for railroad reorganization debtors Bangor & Aroostook Railroad Company ("BAR") and Canadian American Railroad Company ("CAR") contends that, together, BAR and CAC transferred $62,023.71 to Bangor Hydro-Electric Company on account of overdue electric utility bills in the 90 days before their...

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