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IN RE ROOSEVELT

No. 98-55965.

220 F.3d 1032 (2000)

In re Theodore Steven ROOSEVELT, Debtor. Judy A. Roosevelt, as Trustee for the Judy Roosevelt Trust; Ronald W. Sigurdson, as Trustee for the Judy Roosevelt Trust, Appellants. v. David L. Ray, Appellee.

United States Court of Appeals, Ninth Circuit.

Filed August 10, 2000.

Attorney(s) appearing for the Case

Heber Meeks, Covina, California, for the defendant-appellant.

Russell Rapoport, Plotkin, Rapoport & Nahmias, P.C., Encino, California, for the plaintiff-appellee.

Before: REINHARDT and O'SCANNLAIN, Circuit Judges, and SCHWARZER, Senior District Judge.

Opinion by Judge O'SCANNLAIN; Partial Concurrence and Partial Dissent by Judge REINHARDT; Partial Concurrence and Partial Dissent by Judge SCHWARZER.

O'SCANNLAIN, Circuit Judge:

In this bankruptcy case, we must decide whether a good faith transferee gave property of value in exchange for property conveyed to her by a debtor in an otherwise avoidable transfer.

I

On July 10, 1989, Steven and Judy...

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