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IN RE ST. JAMES INC.

Bankruptcy No. 07-48680. Adversary No. 07-6329.

402 B.R. 209 (2009)

In re ST. JAMES INCORPORATED, f/k/a ASC Incorporated, a Michigan corporation, Debtor-in-Possession. ST. James Incorporated, f/k/a ASC Incorporated, Plaintiff, v. Cananwill, Inc., Defendant.

United States Bankruptcy Court, E.D. Michigan, Southern Division.

March 13, 2009.

Attorney(s) appearing for the Case

Gary H. Cunningham, Sean M. Walsh, Giarmarco, Mullins & Horton, P.C., Troy, MI, Max J. Newman, Butzel Long, Bloomfield Hills, MI, for Debtor-in-Possession.

OPINION REGARDING DEFENDANT'S SECURITY INTEREST IN UNEARNED INSURANCE PREMIUMS

THOMAS J. TUCKER, Bankruptcy Judge.

In this preference case, the reorganized Chapter 11 Debtor, St. James, Inc. ("Debtor") seeks to avoid and recover pre-petition payments totaling $123,640.79 that it made to Cananwill, Inc. ("Cananwill"), under 11 U.S.C. §§ 547 and 550. The parties agreed to submit this case to the Court on stipulated facts and exhibits, and then filed...

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