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IN RE ANANKO

Bankruptcy No. 88-03804, Adv. No. 88-0426.

89 B.R. 399 (1988)

In Re Steven W. ANANKO and Cynthia E. Ananko, his wife, Debtors. Steven W. ANANKO and Cynthia E. Ananko, his wife, Plaintiff, v. David A. HARSANYI and Lieutenant John Randall, in his capacity as Sheriff of Morris County, Defendants.

United States Bankruptcy Court, D. New Jersey.

July 11, 1988.

Attorney(s) appearing for the Case

Michael S. Kopelman, Hackensack, N.J., for debtors/plaintiffs.

Betsch & Bennett by Robert J. Bennett, Jr., Morristown, for David Harsanyi.

Armand D'Agostino, Morris County Counsel, Dover by Daniel W. O'Mullan, Whippany, for John Randall.

OPINION

DANIEL J. MOORE, Bankruptcy Judge.

The debtors in this adversary proceeding seek, pursuant to 11 U.S.C. § 548, to set aside a sheriff's sale of their residence. Section 548 provides for the avoidance and setting aside of any transfer within one year of the filing of a petition in bankruptcy where the debtor received less than a reasonably equivalent value for the transfer. 11 U.S.C. § 548(a)(2)(A).1

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