The transfer between debtor and lender under their loan security agreement was of the proceeds of the sales of debtor's leases and was properly secured by the filing of a UCC-1 Financing Statement � not of an interest in real property that was subject to the New Jersey Recording Statute � and because transfer of the interest in these proceeds occurred more than 90 days before the bankruptcy petition was filed, the transfer is not a voidable preference under �547(b) of the Bankruptcy Code.
August 02, 2004 at 12:00 AM
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