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MATTER OF GRISSOM

No. 90-8890.

955 F.2d 1440 (1992)

In the Matter of Johnny GRISSOM and Jeanette Holland Grissom, Debtors. Johnny GRISSOM and Jeanette Holland Grissom, Plaintiffs-Appellees, v. Birnet L. JOHNSON, et al., Defendants, C & S National Bank, Defendant-Appellant.

United States Court of Appeals, Eleventh Circuit.

As Amended April 29, 1992.

Attorney(s) appearing for the Case

Henry B. Napier, Richard H. Siegel, McCalla, Raymer, Padrick, Cobb, Nichols and Clark, Atlanta, Ga., for defendant-appellant.

Lee Ringler, Augusta, Ga., for plaintiffs-appellees.

Before COX and BIRCH, Circuit Judges, and ENGEL, Senior Circuit Judge.

BIRCH, Circuit Judge:

This case requires us to interpret 11 U.S.C. § 548 (1988) ("Section 548"), an important section of federal bankruptcy law. This provision allows a trustee of a bankruptcy estate to avoid a foreclosure sale of a debtor's property if that sale brings less than a "reasonably equivalent value" of the property. Id. § 548(a)(2)(A). In construing Section 548, we must respect the rights of secured creditors who lawfully foreclose on...

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