95 Cal. Daily Op. Serv. 6929, 95 Daily Journal D.A.R. 11,895 Fleet Credit Corporation, a Rhode Island Corporation v. Tml Bus Sales, Inc., Applicant-Appellant

65 F.3d 119 95 Cal. Daily Op. Serv. 6929 , 95 Daily Journal D.A.R. 11,895 FLEET CREDIT CORPORATION, a Rhode Island Corporation, Plaintiff-Appellee, v. TML BUS SALES, INC., Applicant-Appellant. No. 93-17218. United States Court of Appeals, Ninth Circuit. Argued and Submitted May 11, 1995. Memorandum May 23, 1995. Order and Opinion Sept. 1, 1995. Bruce Sherman, Law Office of Kendall M. Squires, San Diego, CA, for appellant. Thomas E. Shuck, Ivanjack & Lambirth, Los Angeles, CA, for appellee. Appeal from the United States District Court for the Northern District of California. Before GOODWIN, POOLE and KLEINFELD, Circuit Judges.ORDER The memorandum decision filed May 23, 1995, is redesignated as an authored opinion by Judge Kleinfeld with modification. OPINION KLEINFELD, Circuit Judge: 1 We decide a question of lien priorities arising out of a bankruptcy and a fraudulent conveyance. 2 I. Facts. 3 Berthold owned Taylor Bus Service, which filed chapter 11 bankruptcy. TML Bus Sales secured a judgment for more than $17 million against Berthold personally for embezzlement and conversion of TML's funds. Fleet Credit obtained a default judgment against Berthold personally in the amount…