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IN RE NORTHERN MERCHANDISE, INC.

No. 02-36065.

371 F.3d 1056 (2004)

In re NORTHERN MERCHANDISE, INC., Debtor, Frontier Bank, Appellant, v. Ronald G. Brown, Chapter 7 Trustee, Appellee.

United States Court of Appeals, Ninth Circuit.

Filed June 14, 2004.

Attorney(s) appearing for the Case

David R. Riley, Seattle, WA, for the appellant.

Donald E. Hacker, Jr., Seattle, WA, for the appellee.

Before LEAVY, WARDLAW, and GOULD, Circuit Judges.

WARDLAW, Circuit Judge:

Frontier Bank ("Frontier") appeals a decision of the Bankruptcy Appellate Panel ("BAP") affirming in part the bankruptcy court's summary judgment in favor of Ronald G. Brown, Chapter 7 Trustee ("Trustee"), in the Trustee's action alleging that Frontier received a fraudulent transfer from Chapter 7 Debtor Northern Merchandise, Inc. ("Debtor"). Specifically, Frontier challenges the BAP's ruling that Debtor did not receive reasonably equivalent...

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