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IN RE CALATAYUD

Bankruptcy No. 88-03556-BKC-TCB, Adv. No. 89-0019-BKC-TCB-A.

99 B.R. 106 (1989)

In re Raul Dante CALATAYUD, Debtor. Gui GOVAERT, Trustee, Plaintiff, v. CENTRAL BANK, Defendant.

United States Bankruptcy Court, S.D. Florida.

March 10, 1989.

Attorney(s) appearing for the Case

Robert C. Meyer, Haley, Sinagra & Perez, P.A., Miami, Fla., for plaintiff.

Gui Govaert, Miami, Fla., trustee.

Carmen Hernandez, Greenberg, Traurig, Hoffman, Lipoff, Rosen and Quentel, P.A., Miami, Fla., for defendant.

William Manker, Miami, Fla., for debtor.

MEMORANDUM DECISION

THOMAS C. BRITTON, Chief Judge.

The plaintiff/chapter 7 trustee seeks avoidance under 11 U.S.C. § 548(a)(2) (constructively fraudulent transfer) of the debtor's hypothecation to the defendant bank on August 12, 1987 of three automobiles.1 The then estimated value of the three cars was $14,485. (Ex. 20).

A week after the complaint was filed, the parties stipulated (CP 6) that "one of the two [sic...

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