the payments were for an antecedent debt owed by the debtor. The date the debt was incurred is a material fact in question.
Discussion
Under Bankruptcy Code section 547(f), the insolvency of the debtor is presumed on and during the 90 days immediately preceding the date of the filing of the petition. The plaintiff has submitted balance sheets prepared by the trustee's accountants which reflect insolvency of the debtor on December 31, 1980, and April 9, 1981. The defendant contends that it had no knowledge of the debtor's insolvency at the time of the payments. Defendant's contention has no relevance in light of the explicit presumption of insolvency provided by the Code.
It is the date of the payment of a check by the drawee's bank that controls the date ofMaryland raises $84 million to invest in tech startups

Maryland succeeded in raising $84 million to invest in promising technology companies across the state via a novel online auction of tax credits, officials announced Thursday.

The InvestMaryland plan, a cornerstone of Gov. Martin O'Malley's legislative platform last year, completed a key milestone with the online auction, in which 24 insurance companies bid up the price of tax credits they wanted to receive in the future. In the end, 11 companies won the credits and the state surpassed the minimum of $70 million that it expected to receive.

"I think it's really amazing," said Julia Sass Rubin, a developmental finance professor at Rutgers University who closely follows states' economic development efforts and was paid $2,500 to review the Maryland plan last year.

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