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IN RE CARPENTER

Nos. 98-2288, 98-2296 and 98-2300.

205 F.3d 1249 (2000)

In re Laura L. CARPENTER and Laura Carpenter Fine Art, Inc., Debtors. Laura L. Carpenter and Laura Carpenter Fine Art, Inc., Plaintiffs-Appellants and Cross-Appellees, v. Ginny L. Williams, Defendant-Appellee and Cross-Appellant.

United States Court of Appeals, Tenth Circuit.

March 9, 2000.

Attorney(s) appearing for the Case

Spencer Reid, Keleher & McLeod, Albuquerque, New Mexico (Thomas C. Bird and James C. Jacobsen of the same firm with him on the briefs), for Trustee of the Estate of Laura L. Carpenter.

Robert A. Johnson, Eastham, Johnson, Monnheimer & Jontz, P.C., Albuquerque, New Mexico (Karla K. Poe of the same firm with him on the briefs) for Laura Carpenter Fine Art, Inc.

J. Lawrence Hamil, Hamil Professional Corporation, Denver, Colorado (Gail Gottlieb of Sutin, Thayer & Browne, P.C., Albuquerque, New Mexico, with him on the briefs) for Ginny L. Williams.

Before BRISCOE and McKAY, Circuit Judges, and BROWN, Senior District Judge.

BROWN, District Judge.

These appeals arise out of a bankruptcy proceeding involving two debtors, Laura L. Carpenter and Laura Carpenter Fine Art, Inc. ("LCFA"). Carpenter, through LCFA, owned and operated an art gallery in Sante Fe, New Mexico. In 1991, she met Ginny Williams, a wealthy Denver art dealer and collector. In 1992, Carpenter approached Williams about obtaining financing for the LCFA gallery. Over the next two-and-a-half years, Williams and Carpenter became...

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