Legal Opinion

Resurgent Capital Services v. Burnett (In Re Burnett)

United States Bankruptcy Appellate Panel for the Ninth Circuit

Decided February 5, 2004No. BAP No. NV-03-1189-RiKRy, Bankruptcy No. BK-N-02-51186-GWZPublishedCited by 14 opinions

1Opinion of the Court

OPINION

RIMEL, Bankruptcy Judge.

The issue is whether an entity that acquires a claim other than for security and files a proof of claim as provided by Federal Rule of Bankruptcy Procedure 3001(e)(1) may, as a condition of allowing the claim, be required to disclose the consideration paid for the claim. We hold that in the bankruptcy case of an individual consumer debtor, the transferee’s refusal to disclose its purchase price for acquiring an account does not warrant disallowance of an otherwise valid claim. Accordingly, we REVERSE the bankruptcy court’s order disallowing the claims.

Facts

Keith…

2Cases cited14 opinions

  1. Steven Gregory Dunmore v. United States of America, Internal Revenue ServiceCourt of Appeals for the Ninth Circuit · 2004
  2. The Home Indemnity Company, Plaintiff-Appellee-Cross-Appellant v. Lane Powell Moss and Miller, Defendants-Appellants-Cross-AppelleesCourt of Appeals for the Ninth Circuit · 1995
  3. Ashford v. Consolidated Pioneer Mortgage (In Re Consolidated Pioneer Mortgage)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1995
  4. In Re: John G. Pattullo in Re: Susan F. Pattullo, Debtors. United States Internal Revenue Vacating Service v. John G. Pattullo Susan F. PattulloCourt of Appeals for the Ninth Circuit · 2001
  5. Carole M. Rein Paul M. Driscoll William F. Croce Tina W. Croce and Paul Frenette v. Providian Financial CorporationCourt of Appeals for the Ninth Circuit · 2001

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3Cited by14 opinions

  1. In Re CluffUnited States Bankruptcy Court, D. Utah · 2004
  2. Wall Street Plaza v. JSJF Corp. (In Re JSJF Corp.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2006
  3. In Re KincaidUnited States Bankruptcy Court, E.D. Pennsylvania · 2008
  4. In Re DePughUnited States Bankruptcy Court, S.D. Texas · 2009
  5. In Re Keith Burnett in Re Shelly Burnett, Debtors, Keith Burnett Shelly Burnett v. Resurgent Capital ServicesCourt of Appeals for the Ninth Circuit · 2006

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