Court of Appeals for the Sixth Circuit April 3, 1990, Nos. 88-5556, 88-5557 (Ray v. City Bank & Trust Co. (In re C-L Cartage Co.))

ALAN E. NORRIS, Circuit Judge,

This appeal presents a question of statutory interpretation of first impression for our circuit: whether 11 U.S.C. § 550(a)(1), read together with sections 547(b)(1) and (b)(4)(B), allows a trustee in bankruptcy to recover avoidable payments from non-insiders made during the extended preference period when those payments benefited insider creditors or guarantors.