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Legal Opinion

Rechnitzer v. Boyd (In Re Executive Growth Investments, Inc.)

United States Bankruptcy Court, C.D. California

Decided May 23, 1984No. Bankruptcy No. LA 82-04499-JA, Adv. No. LA 83-4662-JAPublishedCited by 6 opinions

1Opinion of the Court

MEMORANDUM OF DECISION

JOHN D. AYER, Bankruptcy Judge.

INTRODUCTION

This is a conflict over ownership of a fractional interest in a promissory note. The defendant argues that the interest is hers because she bought and paid for it. The trustee claims it for the estate, using the trustee’s strong-arm power. Though assembling the facts is something like solving an N-dimensional Rubik’s Cube, the law seems to me reasonably straightforward. I hold for the trustee.

I

Executive Growth Investments, Inc. (“EGI”), the debtor in this Chapter 7 case, was an investment firm trading in real property and notes…

2Cases cited9 opinions

  1. Georgia Pacific Corporation v. Sigma Service CorporationCourt of Appeals for the Fifth Circuit · 1983
  2. Castle Rock Industrial Bank v. S.O.A.W. Enterprises, Inc. (In Re S.O.A.W. Enterprises, Inc.)United States Bankruptcy Court, W.D. Texas · 1983
  3. Staff Mortgage and Investment Corporation v. WikleCourt of Appeals for the Ninth Circuit · 1977
  4. In Re Staff Mortgage & Investment CorporationCourt of Appeals for the Ninth Circuit · 1980
  5. Burkett v. DotyCalifornia Supreme Court · 1917

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3Cited by6 opinions

  1. In Re: The Woodson Company, Debtor. Fireman's Fund Insurance Companies v. William B. Grover, Trustee, and Official Unsecured Creditors' CommitteeCourt of Appeals for the Ninth Circuit · 1987
  2. 15 Collier bankr.cas.2d 1459, Bankr. L. Rep. P 71,522 in Re Golden Plan of California, Inc. State Loan Servicing, Inc. Financial Securities Agency, Inc. Mid-Central California, Inc., Debtors. Jesse Bear v. Melvyn J. Coben, Trustee of Golden Plan of California, Inc., Defendant- Al Fox v. Melvyn J. Coben, Trustee of Golden Plan of California, Inc., Defendant- Robert Ackerman v. Melvyn J. Coben, Trustee of Golden Plan of California, Inc., DefendantCourt of Appeals for the Ninth Circuit · 1987
  3. Hatoff v. Lemons & Associates, Inc. (In Re Lemons & Associates, Inc.)United States Bankruptcy Court, D. Nevada · 1986
  4. Bear v. CobenCourt of Appeals for the Ninth Circuit · 1986
  5. Matter of CoodyUnited States Bankruptcy Court, M.D. Georgia · 1986

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