ORDER
ARMAND DAVID KAHN, Bankruptcy Judge.
Plaintiff, the Chapter 7 Trustee for the estate of James E. and Karin B. Combs (“Plaintiff-Trustee”) filed the above-styled adversary proceeding (the “Complaint”) to recover certain allegedly preferential and fraudulent transfers pursuant to 11 U.S.C. §§ 547, 548, and 550. It is before the Court on cross-motions for summary judgment filed by Defendant Westside Bank & Trust Company (‘Westside”) and Plaintiff-Trustee. Defendant American Mobile Offices, Inc. (“AMO”) has failed to file a response to 'either cross-motion. Therefore, the cross-motions are deemed to be unopposed by AMO. See LR 220-l(b), NDGa., made applicable to this proceeding by BLR 705-2, NDGa. The Court finds this matter to be a core proceeding within the meaning of 28 U.S.C. § 157(b)(2).
I.
The following facts are undisputed. On or about April 8, 1993, AMO, the wholly owned corporation of James E. and Karin B. Combs (the “Debtors”), executed a promissory note (the “Note”) in favor of Westside in the principal amount of $20,000.00. See Exhibit “A” attached to the Complaint. It was payable in full on April 8, 1994. The Note was secured by, inter alia, AMO’s accounts receivable, and it was guaranteed by the Debtors.
[980]*980Sometime on or before March 31,1994, the Debtors liquidated their retirement account at Westside by withdrawing the sum of $30,-871.08. This sum was deposited in the Debtors’ personal bank account at the Etowah Bank. On April 7,1994, the Debtors wrote a check on this account in the amount of $23,-000.00 payable to AMO. The next day, April 8, the check to AMO was deposited in AMO’s bank account at Westside. On the same day, April 8, AMO paid Westside $20,137.78 by check number 1234, signed by Debtor Karin B. Combs in satisfaction of the Note.
The Parties appear to dispute the amount of funds available in AMO’s Westside bank account during the time surrounding the transaction in question. For the purposes of the cross-motions for summary judgment, the Court will adopt Plaintiff-Trustee’s version of the “facts” and assume that there was little in AMO’s account before or after the transaction and that the only way AMO could have paid its debt to Westside was by the $23,0000.00 deposit made by the Debtors into its account on April 8,1994.
II.
A. RECOVERY AGAINST WESTSIDE
Plaintiff-Trustee seeks to recover, pursuant to § 550(a)(1), the transfer of the sum of $20,137.78 from Westside as a preferential transfer of property of the Debtors. It is undisputed that, if the transfer had been made directly from the Debtors to Westside, the transfer would have been preferential.1 Plaintiff-Trustee maintains that he may recover the transfer from Westside pursuant to § 550(a)(1), which provides that
[ejxcept as otherwise provided in this section, to the extent that a transfer is avoided under section 544, 545, 547, 548, 549, 553(b), or 724(a) of this title, the trustee may recover, for the benefit of the estate, the property transferred, or, if the court so orders, the value of such property, from—
(1) the initial transferee of such transfer or the entity for whose benefit such transfer was made.
Although Westside was not the actual initial transferee of the funds from the Debtors, Plaintiff-Trustee argues that AMO acted as a mere conduit and should be overlooked. In support of his conduit theory, Plaintiff-Trustee relies upon the case of Nordberg v. Societe Generate (In re Chase & Sanborn Corp.), 848 F.2d 1196 (11th Cir.1988) (“Chase & Sanborn II”). In Chase & Sanborn II, the trustee was attempting to recover a fraudulent conveyance. The Eleventh Circuit Court of Appeals affirmed the lowers courts’ refusal to find that the defendant, Societe Generate — a French bank, was an initial transferee within the meaning of § 550(a)(1), where it had received a wire transfer of funds from the debtor.
The court found that Societe Generate was a mere commercial conduit. In reaching this result, the Court of Appeals used a control test previously adopted in In re Chase & Sanborn, 813 F.2d 1177 (11th Cir.1987) (“Chase & Sanborn I”) to determine whether Societe Generate had actual control over the funds. “The control test, then, as adopted by this circuit, simply requires courts to step back and evaluate a transaction in its entirety to make sure that their conclusions are logical and equitable.” Chase & Sanborn II, 848 F.2d at 1199.
Applying this control test to the proceeding sub judice, it is undisputed that the funds were deposited into AMO’s own bank account. After the deposit, AMO could have used the funds in any manner it chose, in.cluding paying its debt to Westside. Plaintiff-Trustee, in essence, is requesting that this Court ignore the fact that AMO was a separate entity from the Debtors. However, he has not alleged any facts that would allow [981]*981the Court to ignore the corporate form of AMO.
In support of its position that AMO was not a mere conduit, Westside relies heavily on the case of Billings v. Key Bank of Utah (In re Granada, Inc.), 156 B.R. 303 (D.Utah 1990). In Granada, the trustee was attempting to recover as preferential transfers made by the debtor general partner through its partnerships. The district court affirmed the bankruptcy court’s finding that the partnerships were initial transferees within the meaning of § 550(a)(1) and not mere conduits as the trustee had asserted. Just as the Debtors in the proceeding sub judice controlled AMO, the debtor in Granada controlled the partnerships. In response to this fact pattern, the Granada court stated as follows:
The bankruptcy court was concerned with the fact that Granada not only controlled the funds transferred to the partnerships but also controlled the disposition of the partnerships’ funds. This fact, however, does not mean that the partnerships had no control over the money. The partnerships properly exercised control over the funds through Granada, their general partner. Granada’s control over the funds was also the partnerships’ control over the funds. The trustee has offered no persuasive reason why Granada should be treated as an entity foreign to the partnerships. To follow the trustee’s reasoning would mean that partnerships would almost always be conduits of their general partners since general partners always control their partnerships. Such a rule would, in this court’s opinion, go far beyond what the conduit theory was designed to accomplish.
Granada, 156 B.R. at 308.
Although the holding in Granada is obviously not binding on this Court, the Court does find its reasoning persuasive.
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ORDER
ARMAND DAVID KAHN, Bankruptcy Judge.
Plaintiff, the Chapter 7 Trustee for the estate of James E. and Karin B. Combs (“Plaintiff-Trustee”) filed the above-styled adversary proceeding (the “Complaint”) to recover certain allegedly preferential and fraudulent transfers pursuant to 11 U.S.C. §§ 547, 548, and 550. It is before the Court on cross-motions for summary judgment filed by Defendant Westside Bank & Trust Company (‘Westside”) and Plaintiff-Trustee. Defendant American Mobile Offices, Inc. (“AMO”) has failed to file a response to 'either cross-motion. Therefore, the cross-motions are deemed to be unopposed by AMO. See LR 220-l(b), NDGa., made applicable to this proceeding by BLR 705-2, NDGa. The Court finds this matter to be a core proceeding within the meaning of 28 U.S.C. § 157(b)(2).
I.
The following facts are undisputed. On or about April 8, 1993, AMO, the wholly owned corporation of James E. and Karin B. Combs (the “Debtors”), executed a promissory note (the “Note”) in favor of Westside in the principal amount of $20,000.00. See Exhibit “A” attached to the Complaint. It was payable in full on April 8, 1994. The Note was secured by, inter alia, AMO’s accounts receivable, and it was guaranteed by the Debtors.
[980]*980Sometime on or before March 31,1994, the Debtors liquidated their retirement account at Westside by withdrawing the sum of $30,-871.08. This sum was deposited in the Debtors’ personal bank account at the Etowah Bank. On April 7,1994, the Debtors wrote a check on this account in the amount of $23,-000.00 payable to AMO. The next day, April 8, the check to AMO was deposited in AMO’s bank account at Westside. On the same day, April 8, AMO paid Westside $20,137.78 by check number 1234, signed by Debtor Karin B. Combs in satisfaction of the Note.
The Parties appear to dispute the amount of funds available in AMO’s Westside bank account during the time surrounding the transaction in question. For the purposes of the cross-motions for summary judgment, the Court will adopt Plaintiff-Trustee’s version of the “facts” and assume that there was little in AMO’s account before or after the transaction and that the only way AMO could have paid its debt to Westside was by the $23,0000.00 deposit made by the Debtors into its account on April 8,1994.
II.
A. RECOVERY AGAINST WESTSIDE
Plaintiff-Trustee seeks to recover, pursuant to § 550(a)(1), the transfer of the sum of $20,137.78 from Westside as a preferential transfer of property of the Debtors. It is undisputed that, if the transfer had been made directly from the Debtors to Westside, the transfer would have been preferential.1 Plaintiff-Trustee maintains that he may recover the transfer from Westside pursuant to § 550(a)(1), which provides that
[ejxcept as otherwise provided in this section, to the extent that a transfer is avoided under section 544, 545, 547, 548, 549, 553(b), or 724(a) of this title, the trustee may recover, for the benefit of the estate, the property transferred, or, if the court so orders, the value of such property, from—
(1) the initial transferee of such transfer or the entity for whose benefit such transfer was made.
Although Westside was not the actual initial transferee of the funds from the Debtors, Plaintiff-Trustee argues that AMO acted as a mere conduit and should be overlooked. In support of his conduit theory, Plaintiff-Trustee relies upon the case of Nordberg v. Societe Generate (In re Chase & Sanborn Corp.), 848 F.2d 1196 (11th Cir.1988) (“Chase & Sanborn II”). In Chase & Sanborn II, the trustee was attempting to recover a fraudulent conveyance. The Eleventh Circuit Court of Appeals affirmed the lowers courts’ refusal to find that the defendant, Societe Generate — a French bank, was an initial transferee within the meaning of § 550(a)(1), where it had received a wire transfer of funds from the debtor.
The court found that Societe Generate was a mere commercial conduit. In reaching this result, the Court of Appeals used a control test previously adopted in In re Chase & Sanborn, 813 F.2d 1177 (11th Cir.1987) (“Chase & Sanborn I”) to determine whether Societe Generate had actual control over the funds. “The control test, then, as adopted by this circuit, simply requires courts to step back and evaluate a transaction in its entirety to make sure that their conclusions are logical and equitable.” Chase & Sanborn II, 848 F.2d at 1199.
Applying this control test to the proceeding sub judice, it is undisputed that the funds were deposited into AMO’s own bank account. After the deposit, AMO could have used the funds in any manner it chose, in.cluding paying its debt to Westside. Plaintiff-Trustee, in essence, is requesting that this Court ignore the fact that AMO was a separate entity from the Debtors. However, he has not alleged any facts that would allow [981]*981the Court to ignore the corporate form of AMO.
In support of its position that AMO was not a mere conduit, Westside relies heavily on the case of Billings v. Key Bank of Utah (In re Granada, Inc.), 156 B.R. 303 (D.Utah 1990). In Granada, the trustee was attempting to recover as preferential transfers made by the debtor general partner through its partnerships. The district court affirmed the bankruptcy court’s finding that the partnerships were initial transferees within the meaning of § 550(a)(1) and not mere conduits as the trustee had asserted. Just as the Debtors in the proceeding sub judice controlled AMO, the debtor in Granada controlled the partnerships. In response to this fact pattern, the Granada court stated as follows:
The bankruptcy court was concerned with the fact that Granada not only controlled the funds transferred to the partnerships but also controlled the disposition of the partnerships’ funds. This fact, however, does not mean that the partnerships had no control over the money. The partnerships properly exercised control over the funds through Granada, their general partner. Granada’s control over the funds was also the partnerships’ control over the funds. The trustee has offered no persuasive reason why Granada should be treated as an entity foreign to the partnerships. To follow the trustee’s reasoning would mean that partnerships would almost always be conduits of their general partners since general partners always control their partnerships. Such a rule would, in this court’s opinion, go far beyond what the conduit theory was designed to accomplish.
Granada, 156 B.R. at 308.
Although the holding in Granada is obviously not binding on this Court, the Court does find its reasoning persuasive. If the Court were to adopt Plaintiff-Trustee’s reasoning and find that AMO was a conduit, then most closely held corporations could be said to be mere conduits in similar situations where they receive a transfer from a sole or majority shareholder. The Court is unwilling to so readily disregard the corporate form, especially as in this instance where Plaintiff-Trustee has failed to allege, let alone establish, any facts which would persuade the Court to do so. Therefore, the Court will grant summary judgment in favor of Westside2.
B. RECOVERY AGAINST AMO
In the alternative to recovery from West-side, Plaintiff-Trustee seeks recovery of the $23,000.00 transfer from AMO as a fraudulent transfer. Plaintiff-Trustee also seeks to recover two other transfers in the amounts of $1,450.00 and $7,000.00 from the Debtors to AMO. In addition to the undisputed facts which appear in Part I of this Memorandum, the following facts appear in Plaintiff-Trustee’s Statement of Material Facts to Which There is no Dispute and are uncontroverted by AMO:
12.
Debtors earned no income from AMO from 1993 through the June 30,1994 filing date.
13.
Debtors valued AMO at $0 as of the filing date.
17.
On March 14, 1994, Debtors wrote check number 5459 in the amount of $1,450.00 from their personal bank account at First [982]*982Union National Bank, account number 1039002217023, to AMO.
18.
On March 14, 1994, AMO deposited the $1,450.00 check into its account at West-side, account number 3-010475-6.
19.
On June 19, 1994, Debtors wrote check number 164 in the amount of $7,000.00 from their personal account at the Etowah Bank, account number 9000025842, to AMO, Debtors’ wholly owned corporation.
20.
On June 23, 1994, AMO deposited the $7,000.00 check into its account at West-side, account number 3-010475-6.
21.
The Debtors were presumed to be insolvent at the time that each of these transfers were made in accordance with 11 U.S.C. § 547(f).
22.
As of June 30, 1993, Debtors had assets n the amount of $172,633.73 and liabilities in the amount of $268,056.27.
Plaintiff-Trustee’s Statement of Material Facts to Which There is no Dispute at 3 — 5 (citations omitted).
Plaintiff-Trustee seeks to set these three transfers aside as fraudulent transfers pursuant to § 548(a)(2) of the Bankruptcy Code, which provides:
(a) The trustee may avoid any transfer of an interest of the debtor in property, or any obligation incurred by the debtor, that was made or incurred on or within one year before the date of the filing of the petition, if the debtor voluntarily or involuntarily—
(2)(A) received less that a reasonably equivalent value in exchange for such transfer or obligation; and
(B)(i) was insolvent on the date that such transfer was made or such obligation was incurred, or became insolvent as a result of such transfer or obligation.
It is undisputed that all three transfers in question occurred within one year of the Debtors’ filing their bankruptcy petition. Furthermore, by not responding to Plaintiff-Trustee’s Motion for Summary Judgment, AMO has failed to dispute that the Debtors received nothing of value in exchange for the transfers and that the Debtors were insolvent at the time of the transfers3. Therefore, the Court finds that Plaintiff-Trustee is entitled to judgment against AMO for the total of the three transfers, or $31,450.00. He is also entitled to prejudgment interest from August 24, 1994, the date of demand.
Therefore, in accordance with the reasoning above, IT IS THE ORDER OF THE COURT that the Motion for Summary Judgment filed by Defendant Westside Bank & Trust Company be, and the same hereby is, GRANTED.
IT IS THE FURTHER ORDER OF THE COURT that the Motion for Summary Judgment filed by Plaintiff-Trustee be, and the same hereby is, DENIED as to Defendant Westside Bank & Trust and GRANTED as to Defendant American Mobile Offices, Inc.
An appropriate Judgment is entered contemporaneously herewith.
IT IS SO ORDERED.