Cox v. Fokkena (In Re Cox)
United States Bankruptcy Appellate Panel for the Eighth Circuit
1Opinion of the Court
MCDONALD 1 , Bankruptcy Judge.
Debtors Donnie R. Cox and Michelle M. Cox (collectively “Debtors”) appeal from the judgment of the bankruptcy court 2 granting the motion of the United States Trustee (the “UST”) to dismiss Debtors’ case under 11 U.S.C. § 707(b). We affirm.
I
Debtors liquidated their two Employee Stock Option Plans (collectively the “ESOP”) in 1998, resulting in net proceeds of $419,000 to Debtors. Debtors used approximately $ 210,000 from the liquidation of the ESOP to purchase a lot and remit a down payment on the construction cost of a new residence (the “Residence”). Debtors…
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- In Re Eugene Wayne Koch, Debra Marie Nelson-Koch, Debtors. Barbara G. Stuart, United States Trustee v. Eugene Wayne Koch, Debra Marie Nelson-KochCourt of Appeals for the Eighth Circuit · 1997
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