Legal Opinion
Ray J. Belisle v. Oliver Plunkett, Monica Plunkett, and Ralph C. Anzivino, Trustee
Court of Appeals for the Seventh Circuit
Decided June 6, 1989No. 88-3189PublishedCited by 62 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
May the trustee in a bankruptcy case bring into the estate property that the debtor holds in constructive trust for victims of fraud? Oliver Plunkett organized partnerships that provided funds to buy a 50-year leasehold interest in a shopping center, Pan-Am Pavilion in Christiansted, St. Croix, Virgin Islands. Plunkett treated the leasehold as his own — including making a collateral assignment to secure a loan of $100,000 that Plunkett put to personal use. Invoking the strong-arm powers of 11 U.S.C. § 544, the Trustee claimed the status of a bona fide purchaser for…
2Cases cited13 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- United States v. Whiting Pools, Inc.Supreme Court of the United States · 1983
- Pittston Coal Group v. SebbenSupreme Court of the United States · 1988
- McCannon v. MarstonCourt of Appeals for the Third Circuit · 1982
- In Re Auto-Train Corporation, Inc.Court of Appeals for the D.C. Circuit · 1987
8 more not listed; retrieve them via the Exa API.
3Cited by62 opinions
- In Re Omegas Group, Inc., Debtor. Xl/datacomp, Inc., Plaintiff-Appellant/cross-Appellee v. John R. Wilson, Trustee, Defendant-Appellee/cross-AppellantCourt of Appeals for the Sixth Circuit · 1994
- Resolution Trust Corporation, as Receiver for Peoples Savings and Loan Associations, F.A. v. Angelo Ruggiero and Gina RuggieroCourt of Appeals for the Seventh Circuit · 1993
- Abboud v. Ground Round, Inc. (In Re Ground Round, Inc.)Court of Appeals for the First Circuit · 2007
- In re Mississippi Valley Livestock, Inc.Court of Appeals for the Seventh Circuit · 2014
- In the Matter of Oliver Plunkett and Monica Plunkett, Debtors. Appeal of Emerald Builders, IncCourt of Appeals for the Seventh Circuit · 1996
57 more not listed; retrieve them via the Exa API.