IN RE VELAZQUEZ

Bankruptcy No. 05-13056(ESL). Adversary No. 06-00184.

397 B.R. 231 (2008)

In re Manuel Enrique Net VELAZQUEZ, Debtor. Noreen Wiscovitch Rentas Chapter 7 Trustee, Plaintiff v. Banco Bilbao Vizcaya Argentaria De Puerto Rico, Defendant.

United States Bankruptcy Court, D. Puerto Rico.

October 27, 2008.


Attorney(s) appearing for the Case

Enrique N. Vela Colon, San Juan, PR, for Plaintiff.

Montanez & Alicea Law Office, Francisco Rios Rivera, Adsuar Muniz Goyco Seda & Perez Ochoa, San Juan, PR, Wanda I. Luna Martinez, Montanez & Alicea, Hato Rey, PR, for Defendant.


OPINION AND ORDER

ENRIQUE S. LAMOUTTE, Bankruptcy Judge.

Before the court is an action to avoid a preferential transfer pursuant to 11 U.S.C. § 547(b) filed by Noreen Wiscovitch Rentas acting as the Chapter 7 Trustee (the "Trustee") on behalf of the estate of Manuel Enrique Net Velazquez ("Debtor") against Banco Bilbao Vizcaya Argentaria de Puerto Rico (the "Bank"). The issue before the court is the "ownership" of the proceeds from the sale of certain...

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