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IN RE BUTLER

Bankruptcy No. 86-03101S, Adv. No. 86-1274S.

75 B.R. 528 (1987)

In re Bernard BUTLER and Mary Butler, Debtors. Bernard BUTLER and Mary Butler, Plaintiffs, v. LOMAS AND NETTLETON COMPANY and Secretary of Housing and Urban Development, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

June 18, 1987.

Attorney(s) appearing for the Case

Henry J. Sommer, Philadelphia, Pa., for debtors.

David B. Comroe, Philadelphia, Pa., for defendant Lomas and Nettleton Co.

Edward Sparkman, Philadelphia, Pa., Standing Chapter 13 Trustee.

OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

A. INTRODUCTION AND PROCEDURAL HISTORY

This case, wherein consumer Debtors seek to set aside a sheriff's sale of their home as a fraudulent conveyance on the basis of 11 U.S.C. §§ 522(h), 522(g)(1), and 548(a)(2), presents a relatively simple issue of whether the Debtors have proven that they failed to receive "reasonably equivalent value" in the "transfer" effected by the sale and a very close...

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