Legal Opinion
Texas Commerce Bank-San Angelo, N.A. v. Shurley (In Re Shurley)
United States Bankruptcy Court, W.D. Texas
Decided August 29, 1994No. 19-30345PublishedCited by 12 opinions
1Opinion of the Court
AMENDED OPINION
RONALD B. KING, Bankruptcy Judge.
The question in this proceeding is whether the Debtor’s interest as the beneficiary of a family trust is property of the Chapter 7 bankruptcy estate. This Court holds that the Debtor’s interest in the trust is property of the estate because it does not qualify for spendthrift trust or discretionary trust protection under section 541(c)(2) of the Bankruptcy Code. 1
I
BACKGROUND
A. Parties.
The Plaintiffs in this adversary proceeding are two creditors, Texas Commerce Bank-Austin and Texas Commerce Bank-San Angelo (collectively “TCB”); and Dennis Elam,…
2Cases cited48 opinions
- De Beers Consolidated Mines, Ltd. v. United StatesSupreme Court of the United States · 1945
- Roland MacHinery Company v. Dresser Industries, Inc.Court of Appeals for the Seventh Circuit · 1984
- Enterprise International, Inc. v. Corporacion Estatal Petrolera EcuatorianaCourt of Appeals for the Fifth Circuit · 1985
- Ohio Oil Co. v. ConwaySupreme Court of the United States · 1929
- Veronica Lewis, Individually Etc., Naomi Barry Pottinger, Individually, Etc., Vincent Lewis, Daisy Llewellyn, and Margaret Clark, Individually, Etc. v. S. S. Baune, in the Matter of Skibs A/s Baumare and Torvald Klaveness, as Owner Andmanaging Owner of the S/s Baune, Petitioning for Exoneration From or Limitationof Liability v. Phyllis Hoyt, Claimants-AppelleesCourt of Appeals for the Fifth Circuit · 1976
43 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Bankr. L. Rep. P 77,423, 11 tex.bankr.ct.rep. 259 in the Matter of Billy R. Shurley and Jane Bryant Shurley, Debtors. Billy R. Shurley and Jane Bryant Shurley v. Texas Commerce Bank--Austin, N.A. And Texas Commerce Bank--San Angelo, N.A., in the Matter of Billy R. Shurley and Jane Bryant Shurley, Debtors. Billy R. Shurley and Jane Bryant Shurley v. Texas Commerce Bank--San Angelo, N.A., Texas Commerce Bank--Austin, N.A. And Dennis Elam, Trustee, in the Matter of Billy R. Shurley and Jane Bryant Shurley, Debtors. William H. Armstrong, II v. Texas Commerce Bank--San Angelo, N.A., Dennis Elam, Trustee, and Texas Commerce Bank--AustinCourt of Appeals for the Fifth Circuit · 1997
- Osherow v. Porras (In Re Porras)United States Bankruptcy Court, W.D. Texas · 2004
- Arrington v. United StatesUnited States Court of Federal Claims · 1995
- In Re RothUnited States Bankruptcy Court, D. Kansas · 2003
- Texas Commerce Bank National Ass'n v. United StatesDistrict Court, S.D. Texas · 1995
7 more not listed; retrieve them via the Exa API.