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OCR: not prove at all that bid prices ower becaus denpti laws 618 MOST COURTS OF APPEAL HAVH DEC IDED THE ISSUE ACCORDANCE WITH PETITIONERS CONTENTIONS AND THEIR REASONING PERSUASIVE The granddaday the cases is. of course Durrett Washincton National Insurance Coupany 621 F.2c 201 (5th cir. 1980} decided under the Bankruptoy Act. Section 67d (1 fJ.s. 107d before the effective date the Bankruptcy Code} which provided for avoiding trans fers without fair consideration. held that the sale : set aside and in dicta implication, established the 70* rule Abramson Lakewood Bank Trust Co.. 647 2d 547 {5th cir 1981 cert. denied. 454 1164 102 ct 1038 Ed 2d 320 applied the unce the Bankruptcy Act. because demption page HLIM granddaddy Washington Company Lakewaod 1705