Bankr. No.:
93-50083
Adv. No.:
93-5010
Chapter:
7
Date of Decision:
October 27, 1993
Issue:
How are preference payments of less than $600 excluded from turnover under § 547(c)(7)?
Ruling:
If a debtor with primarily consumer debts makes preferential payments to a single creditor within the preference period and if the preferential payments total less than $600.00, then the preferential payments are excluded from turnover pursuant to § 547(c)(7). If the aggregate preferential payments to a single creditor are over $600.00, the entire amount is subject to turnover, not just the amount over $600.00.
Full Bankruptcy Court Decision:
