The Ninth Circuit Court of Appeals today released an opinion in MACKENZIE v. BARCLAY, No. 06-55033, a bankruptcy appeal. The panel consisted of Stephen S. Trott, Richard R. Clifton, and Consuelo M. Callahan, Circuit Judges.

TROTT, Circuit Judge:
The bankruptcy court granted summary judgment in favor of the Trustee for Advance Finance Incorporated (”AFI”), avoiding transfers from AFI to Keith Mackenzie under CAL. CIV. CODE § 3439.04(a), and holding that the good faith exception to fraudulent transfers under CAL. CIV. CODE §3439.08(a) was barred as a matter of law because no “reasonably equivalent value” was exchanged for the transfers. The district court reversed and remanded, holding that the . . .

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