Quintana v. Internal Revenue Service, Bureau of Land Management (In Re Quintana)
United States Bankruptcy Appellate Panel for the Ninth Circuit
1Opinion of the Court
OPINION
Before VOLINN, PERRIS and RUSSELL, Bankruptcy Judges. BARRY RUSSELL, Bankruptcy Judge:
The debtors’ Chapter 12 case was dismissed because their aggregate debts exceeded the statutory limitations for eligibility to file a Chapter 12 petition. The bankruptcy court rejected the debtors’ argument that, for eligibility purposes, the value of a nonrecourse obligation should be written down to the value of the collateral. The court also rejected the debtors’ argument that their aggregate debts should be reduced by a counterclaim that the debtors had asserted against a creditor. We affirm.
I.…
2Cases cited25 opinions
- Norwest Bank Worthington v. AhlersSupreme Court of the United States · 1988
- Bonded Financial Services, Inc., Debtor-Appellant v. European American BankCourt of Appeals for the Seventh Circuit · 1988
- In Re Bullion Reserve of North America, a California Corporation, Curtis B. Danning, Chapter 7 Trustee v. Theodore P. BozekCourt of Appeals for the Ninth Circuit · 1988
- In the Matter of John Joseph METZ, Debtor. DOWNEY SAVINGS AND LOAN ASSOCIATION, Appellant, v. John Joseph METZ, AppelleeCourt of Appeals for the Ninth Circuit · 1987
- In the Matter of Timothy R. Pearson and Mary T. Pearson, Debtors. Comprehensive Accounting Corporation v. Timothy R. Pearson and Mary T. PearsonCourt of Appeals for the Sixth Circuit · 1985
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3Cited by35 opinions
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- Loya v. Rapp (In Re Loya)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1991
- Soderlund v. Cohen (In Re Soderlund)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1999
- In Re Dow Corning Corp.United States Bankruptcy Court, E.D. Michigan · 1997
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