Legal Opinion
DeGroot v. Exchanged Titles, Inc. (In Re Exchanged Titles, Inc.)
United States Bankruptcy Court, C.D. California
Decided September 15, 1993No. Bankruptcy No. SA 92-19222 JR, Adv. No. SA 92-2207 JRPublishedCited by 7 opinions
1Opinion of the Court
MEMORANDUM OPINION
JOHN E. RYAN, Bankruptcy Judge.
INTRODUCTION
In 1992, Mr. Arthur DeGroot and Mrs. Joy DeGroot (“Plaintiffs”) transferred title to their Huntington Beach property to Exchanged Titles, Inc. (“Debtor”) in hopes of effectuating a tax deferred property exchange under Internal Revenue Code § 1031 (“I.R.C.”).
To accomplish the exchange, Plaintiffs entered into an escrow agreement. Under the escrow agreement, Debtor took title to property in Santa Ana, California in exchange for funds provided by Plaintiffs. Debtor took title to Plaintiffs’ property in Huntington Beach and, in turn,…
2Cases cited8 opinions
- Saghi v. Walsh (In Re Gurs)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1983
- James Alderson, Surviving Husband and Estate of Clarissa E. Alderson, Deceased, James Alderson v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1963
- In Re Gilbert John Marino, Debtor. Placer Savings and Loan Association v. Edward M. Walsh, as Trustee in Bankruptcy of Gilbert John MarinoCourt of Appeals for the Ninth Circuit · 1987
- Mercantile Trust Co. v. CommissionerUnited States Board of Tax Appeals · 1935
- Huber v. Danning (In Re Thomas)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1992
3 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Siegel v. Boston (In Re Sale Guaranty Corp.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1998
- Gerald Terry v. SunTrust Banks, IncorporatedCourt of Appeals for the Fourth Circuit · 2012
- In Re LandAmerica Financial Group, Inc.United States Bankruptcy Court, E.D. Virginia · 2009
- State v. GrimesCourt of Appeals of Washington · 2002
- Millard Refrigerated Services, Inc. v. Landamerica 1031 Exchange Services, Inc.United States Bankruptcy Court, E.D. Virginia · 2009
2 more not listed; retrieve them via the Exa API.