Joseph v. Madray (In Re Brun)
United States Bankruptcy Court, C.D. California
1Opinion of the Court
MEMORANDUM OPINION
JOHN E. RYAN, Bankruptcy Judge.
I. INTRODUCTION
On December 1, 2005, James J. Joseph (“Plaintiff’), the chapter 7 trustee, commenced an adversary proceeding against Eva Madray (“Defendant”) to recover the value of Donald J. Bran’s (“Debtor”) interest in real property located at 356 “Y” Place, Laguna Beach, California (the “Property”). On November 6, 2006, Defendant moved for summary adjudication that Plaintiffs recovery is limited to the value of the “asset” as defined by §§ 3439.01 et seq. of the California Civil Code (“Civil Code”), that is the non-exempt net equity in the…
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