Okura & Company (America), Inc. v. Russell J. Tobey, Sr., and Terry R. Tobey

ARNOLD, Circuit Judge.

Russell J. Tobey, Sr., and his wife Terry Tobey appeal the District Court’s 1 order setting aside his conveyance of an airplane to her as fraudulent, and permanently enjoining him from otherwise transferring or encumbering it. We reverse.

I

Okura & Co. (America), Inc. (Okura) brought suit against Tobey, Sr. (husband), Terry Tobey (wife), Tobey, Jr. (son), and four corporations. On January 12, 1988, the parties agreed to the entry of a consent judgment against husband for approximately $1.7 million and against wife and son jointly for $50,000, with the provision that no…