Legal Opinion
In re Powell
United States Bankruptcy Court, C.D. Illinois
Decided May 6, 2014No. Nos. 13-81312, 13-81645, 13-81695PublishedCited by 3 opinions
1Opinion of the Court
OPINION
THOMAS L. PERKINS, Bankruptcy Judge.
The primary issue in these cases, consolidated for purposes of the Opinion, is whether an employee’s future right to receive a profit sharing payment is property of his chapter 7 bankruptcy estate. Each of the Debtors, Damien John Powell, Jason Lee Hobart, and Christopher Doyle, were employed by Deere & Company as of the date of the filing of their respective bankruptcy petitions. Before the Court are separate motions filed by the chapter 7 trustee in each case, for turnover of a prorated portion of the profit sharing benefits received postpetition…
2Cases cited32 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- BFP v. Resolution Trust CorporationSupreme Court of the United States · 1994
- Patterson v. ShumateSupreme Court of the United States · 1992
- Law v. SiegelSupreme Court of the United States · 2014
- Segal v. RochelleSupreme Court of the United States · 1966
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3Cited by3 opinions
- In re FosterUnited States Bankruptcy Court, E.D. Virginia · 2016
- In re LeeUnited States Bankruptcy Court, C.D. Illinois · 2014
- Carey MaconUnited States Bankruptcy Court, S.D. Georgia · 2025