Starr v. Bruce Farley Corp.

WM. MATTHEW BYRNE, District Judge.

Leroy and Velma Starr appeal from an order of the district court affirming the bankruptcy court’s grant of partial summary judgment in favor of the trustee in bankruptcy for the Bruce Farley Corporation (“bankrupt”).

In April, 1970 and July, 1972 third parties executed in favor of bankrupt promissory notes, secured by deeds of trust, as consideration for the purchase of certain proper*1199ties, referred to as the “Southlook” and “University Heights” properties. On November 1, 1972 bankrupt offered, in writing, to assign to appellants the Southlook and University…