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OCR: the Bankruptcy Court said it SPM bound by Madrid eaits (bid on the foreclosure establis shment reasonably equiva- lent value) and In Ehring, 897 (9th cir BAP 1988} Ehring the lead opinion dia. in holding that mor rtgage foreclosure could not avoided preference credi tor under 11 U.s.C Section 547 say that there was transfer and that the amendments the Bankruptcy code did not overrule the Madrid case ID that respect Judge Jones separate opinicn, concurred the result saying that the elenents preference were not present Judge Mooreman dissented saying that one the purposes behind the establishment the Bankruptcy Code was to provide means marshal debtor's assets and allow for the regular distribution buque all credi tors (p 903 he also said that the bankruptcy anendments including the eains fo ...