United States Eleventh Circuit

In a bankruptcy proceeding wherein the doctrine of equitable subrogation was invoked concerning a transfer of security deeds in the debtors' properties, grant of summary judgment for creditors is affirmed where, considering all the circumstances, the underlying transaction constituted a "substantially contemporaneous exchange" under 11 U.S.C. section 547(c)(1) which the trustee could not avoid.

Appellate Information

• Decided 04/15/2008
• Published 04/15/2008

Judges

• CARNES, Circuit Judge:, Before CARNES and BARKETT, Circuit Judges, and COHN, District Judge.

Court

• United States Eleventh Circuit

Counsel

• For Appellant:
  
• William L. Rothschild, Ellenberg, Ogier & Rothschild, P.C., Atlanta, GA, for Gordon., Edward D. Burch, Jr., Smith, Gambrell & Russell, LLP, William V. Custer, IV, Powell, Goldstein, Frazer & Murphy, Atlanta, GA, for Amici Curiae, Stewart Title Guaranty Co. and Georgia Bankers Ass'n.


• For Appellees:
  
• Craig K. Pendergrast, Paul Baisier, Matthew N. Foree, Seyfarth Shaw, LLP, Atlanta, GA, for Defendants-Appellees.