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VOGEL v. RUSSELL TRANSFER, INC.

No. 87-2224.

852 F.2d 797 (1988)

George I. VOGEL, Trustee, Plaintiff-Appellant, v. RUSSELL TRANSFER, INC.; ITT Commercial Finance Corporation, formerly ITT Industrial Credit Company; Suburban Funding Corporation, Defendants-Appellees.

United States Court of Appeals, Fourth Circuit.

Decided August 1, 1988.

Attorney(s) appearing for the Case

James R. Cromwell (Wilson, Vogel & Creasy, Roanoke, Va., on brief), for plaintiff-appellant.

Frank F. Rennie, IV (W. Joseph Owen, III, Cowan & Owen, P.C., Richmond, Va., on brief), for defendants-appellees.

Before PHILLIPS, MURNAGHAN and ERVIN, Circuit Judges.

MURNAGHAN, Circuit Judge:

The debtor's transfer of property, at issue in the present case, is the grant of security interests. The transaction from which the security interests arose was a contract of sale between Russell Transfer, Inc. (Russell) and Suburban Funding Corp. (Suburban) and ITT Commercial Finance Corp. (ITT). Russell bought tractors and trailers from Suburban and ITT and agreed to grant each a security interest. Prior to the sale, Suburban and ITT had...

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