The bankruptcy court held that Big Sky received a $300,000 preferential transfer from debtor, which the trustee was entitled to avoid and recover from Big Sky, which was the initial transferee. The district court held that the bankruptcy court correctly determined that the trustee could avoid the $300,000 transfer to Big Sky under 11 U.S.C. § 547(b) and recover the money from Big Sky under 11 U.S.C. § 550(a)(1).