Fred currey purchased cattle from itano farms

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Reference no: EM132265584

Fred Currey purchased cattle from Itano Farms, Inc. As payment for the cattle, Currey gave Itano Farms worthless checks in the amount of $50,250. Currey was later convicted of passing bad checks, and the state criminal court ordered him to pay Itano Farms restitution in the amount of $50,250. About four months after this court order, Currey and his wife filed for Chapter 7 bankruptcy protection. During the ninety days prior to the filing of the petition, Currey had made three restitution payments to Itano, totaling $14,821. The Curreys sought to recover these payments as preferences. What should the court decide? Explain.

Reference no: EM132265584

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