Asurion Insurance Services, Inc. v. Amp'd Mobile, Inc. (In Re Amp'd Mobile, Inc.)
United States Bankruptcy Court, D. Delaware
1Opinion of the Court
OPINION 1
BRENDAN LINEHAN SHANNON, Bankruptcy Judge.
Before the Court is the question of whether funds collected by Amp’d Mobile, Inc. (“Amp’d” or the “Debtor”) from its customers for insurance on cellular equipment are held in trust for the benefit of Asurion Insurance Services, Inc. (“Asu-rion”) or are property of the Debtor’s estate within the meaning of section 541 of the Bankruptcy Code (the “Code”). For the reasons set forth below, the Court concludes that the funds in question are property of the Debtor’s estate and are not held in trust for the benefit of Asurion.
I. BACKGROUND
The Debtor…
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