Court of Appeals for the Ninth Circuit July 12, 1995, Nos. 92-55224, 92-55227, 92-55266, 92-55268 and 92-55270 (Lindsay v. Beneficial Reinsurance Co.)

KLEINFELD, Circuit Judge:

This case requires us to construe the “reasonably equivalent value” standard in bankruptcy law for determining whether a conveyance is fraudulent. We deferred submission before the case was scheduled to be argued because the Supreme Court had granted certiorari in a case which would resolve the controlling issue. After the Supreme Court decision came down, BFP v.