Legal Opinion
First Texas Savings Ass'n v. Reed
Court of Appeals for the Fifth Circuit
Decided March 21, 1983No. 81-1556PublishedCited by 61 opinions
1Opinion of the Court
ALVIN B. RUBIN, Circuit Judge:
We hold that a debtor who converts nonexempt assets to an exempt homestead immediately before bankruptcy, with intent to defraud his creditors, must be denied a discharge in bankruptcy because of the provisions of Section 727 of the Bankruptcy Code, 11 U.S.C.A. § 727 (West 1979), and, therefore, we affirm the decision of the district court.
I
Hugh D. Reed, as sole proprietor, opened a shop using the trade name, Reed’s Men’s Wear, in Lubbock, Texas. He financed the venture in part by obtaining from the Texas Bank & Trust Company a $150,000 loan which was guaranteed…
2Cases cited31 opinions
- Northern Pipeline Construction Co. v. Marathon Pipe Line Co.Supreme Court of the United States · 1982
- In Re Lois Adlman, Bankrupt. Bank of Pennsylvania v. Lois AdlmanCourt of Appeals for the Second Circuit · 1976
- Farmers Co-Operative Association of Talmage, Kansas v. Tim Aaron StrunkCourt of Appeals for the Tenth Circuit · 1982
- Forsberg v. Security State Bank of CanovaCourt of Appeals for the Eighth Circuit · 1926
- Chase v. SwayneTexas Supreme Court · 1895
26 more not listed; retrieve them via the Exa API.
3Cited by61 opinions
- Reed v. ReedCourt of Appeals for the First Circuit · 1983
- Comprehensive Accounting Corp. v. Morgan (In Re Cycle Accounting Services)United States Bankruptcy Court, E.D. Tennessee · 1984
- Union Bank of the Middle East, Ltd. v. Farouki (In Re Farouki)United States Bankruptcy Court, E.D. Virginia · 1991
- Pyramid Technology Corp. v. Cook (In Re Cook)United States Bankruptcy Court, E.D. Pennsylvania · 1992
- Church Joint Venture, L.P. v. Blasingame (In re Blasingame)Bankruptcy Appellate Panel of the Sixth Circuit · 2016
56 more not listed; retrieve them via the Exa API.