Legal Opinion
In Re Keim
United States Bankruptcy Court, D. Maryland
Decided July 25, 1997No. 19-11698PublishedCited by 6 opinions
1Opinion of the Court
MEMORANDUM OPINION DISALLOWING SALE OF LOTTERY PROCEEDS BY DEBTOR IN POSSESSION
JAMES F. SCHNEIDER, Bankruptcy Judge.
The debtor in possession filed a motion to sell future lottery proceeds free and clear of liens, to which objection was made by the debtor’s largest unsecured creditor. For the reasons stated, the proposed sale will be disallowed.
FINDINGS OF FACT
On July 4,1987, the debtor, John E. Keim, won the Maryland State Lottery, entitling him to receive $1,000,000 in 20 annual payments of $50,000, before taxes. Ten annual payments remain to be made to the debtor through the Maryland State…
2Cases cited28 opinions
- Larson v. Domestic and Foreign Commerce Corp.Supreme Court of the United States · 1949
- Dalton v. SpecterSupreme Court of the United States · 1994
- In Re FordUnited States Bankruptcy Court, D. Maryland · 1980
- Gary GREENBLATT, Trustee, Appellant, v. Levy FORD, Jr., Appellee. in Re Levy FORD, Jr., DebtorCourt of Appeals for the Fourth Circuit · 1981
- In Re Samir B. Tleel Lupana Tleel, Debtors Joseph N. Chbat v. Samir B. Tleel Lupana Tleel Robert A. Fischer, TrusteeCourt of Appeals for the Ninth Circuit · 1989
23 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Booth v. Vaughan (In Re Booth)Bankruptcy Appellate Panel of the Sixth Circuit · 2001
- Debtor TestUnited States Bankruptcy Court, D. New Mexico · 2019
- Hard Rock Exploration, Inc. and Blue Jacket PartnershipUnited States Bankruptcy Court, S.D. West Virginia · 2020
- Sandia Tobacco Manufacturers, Inc., a New Mexico Domestic ProfitUnited States Bankruptcy Court, D. New Mexico · 2019
- Stephens, Jr. v. The Huntington National BankUnited States Bankruptcy Court, S.D. West Virginia · 2020
1 more not listed; retrieve them via the Exa API.