No. 94-3548.

64 F.3d 833 (1995)

WESTERN UNITED LIFE ASSURANCE COMPANY v. Debra Ann HAYDEN; David Gerard Hayden; Reliance Insurance Company; United Pacific Life Insurance Company; Western United Life Assurance Company Appellant.

United States Court of Appeals, Third Circuit.

Decided August 30, 1995.

Sur Petition for Rehearing September 22, 1995.

Attorney(s) appearing for the Case

George M. Cheever (argued), Catherine L. Welsh, Kirkpatrick & Lockhart, Pittsburgh, PA, for Western United Life Assur. Co., appellant.

Mary Reitmeyer, Joseph R. Lawrence (argued), Pittsburgh, PA, for Debra A. Hayden and David G. Hayden, appellees.

Before HUTCHINSON, ALITO, and SAROKIN, Circuit Judges.


ALITO, Circuit Judge:

This appeal concerns an adversary proceeding filed by Debra and David Hayden, who are the debtors in a Chapter 13 bankruptcy proceeding. The subject of the adversary proceeding is a prior transaction in which Debra Hayden, in return for a cash payment, purported to assign to Western United Life Assurance Company her right to receive certain future periodic payments. In the adversary proceeding, the Haydens maintained...

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