Roeder v. Auxier

BLOOM, Judge.

The Circuit Court for Montgomery County, upon the complaint of appellee Wellcraft Marine Corporation, declared a deed of trust from Wellcraft’s debtors, Samuel J. and Mary Auxier, to appellant Rita Roeder, Trustee for the benefit of Helen Dismer Auxier, invalid as a fraud on the grantor’s creditors. We will reverse that decision.

Samuel J. Auxier and Mary R. Auxier were owners of Cap’n Stan’s Boat Center. That company entered into a floor plan arrangement whereby it purchased inventory from Wellcraft on credit and paid off the floor plan debt as the inventory was sold. As is…