McGuffin v. Baumhaft

UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF MICHIGAN SOUTHERN DIVISION In re: Michael Lee Baumhaft, Case No.: 12-59494 Chapter 7 Debtor. Hon. Mark A. Randon ____________________________/ Stanley McGuffin, Plaintiff, v. Adversary Proceeding Case No.: 12-06032 Michael Lee Baumhaft, Defendant. / OPINION AND ORDER DENYING WITHOUT PREJUDICE PLAINTIFF’S MOTION FOR SUMMARY JUDGMENT I. INTRODUCTION In 2013, to settle a then 15-year-old $614,924.00 unpaid default judgment, Michael Baumhaft agreed to pay Stanley McGuffin $270,000.00 in installments over six years. The settlement agreement…