that it was, we then proceed to the second question: whether the bankruptcy court erred in concluding that the transfer was actually or constructively fraudulent. A. Transfer, of an Interest of the Debtor in Property A debtor’s estate in bankruptcy includes “all legal or equitable interests of the debt- or in property as of the commencement of the case.” 11 U.S.C. § 541(a)(1). Section 541, however, excludes from the bankruptcy estate property in which the debtor holds only legal title and not an equitable interest. Id. § 541(d). By the same token, property the debtor holds only in trust for another is not an “interest of the debtor in property” under § 548(a)(1). See Begier v. Internal Revenue Serv., 496 U.S. 53, 58-59 & n. 3, 110 S.Ct. 2258, 2263 & n. 3, 110 L.Ed.2d 46 (1990) (<HOLDING>); see also Bank of Am. v. Mukamai (In re
holding that chapter 13 debtor lacked standing under 11 usc  548 but finding limited authority for the debtor to avoid a transfer under 11 usc  522h holding debtor could include property because the bank accepted payments directly from the debtor and had previously allowed the debtor to cure default holding that the debtor in possession could utilize the strongarm powers of the trustee to avoid an unperfected security interest even though the debtor knew of the interest prior to bankruptcy because the two are distinct entities and the debtor in possessions responsibility is to preserve the estates assets for the benefit of the creditors holding that a liquidating trust established by a chapter 11 debtor to bring actions to avoid fraudulent and preferential transfers was not bound by an agreement between defendants and the debtor to arbitrate disputes as the trustee of the liquidating trust was bringing the avoidance actions on behalf of creditors holding that property a debtor holds only in trust for another is not an interest of the debtor in property under 11 usc  547b which authorizes the trustee to avoid certain preferential payments to creditors made before bankruptcy