Rick D. Lange, Chap. 7 Trustee v. Wells Fargo Bank (In re Kenneth & Dawn Proctor), Ch. 7, BK09-42748-TLS, A09-4072-TLS
A lender's lien was avoided as a preference. The defense of a substantially contemporaneous exchange for new value was inapplicable because the delay in perfecting the lien appeared to be caused by the lender. Subrogation & earmarking did not apply.