United States Bankruptcy Court, W.D. New York September 18, 1995, 1-19-10174 (Schlant v. Schueler (In Re Buffalo Auto Glass))

MICHAEL J. KAPLAN, Chief Judge.

These reciprocal motions for summary judgment raise the issue of whether a principal of a corporation who is an owner, officer, director and employee of that corporation who elected to forgo her usual pay in favor of repayments of loans she had extended to the corporation, must disgorge such repayments as voidable preferences under 11 U.S.C.