Asbach v. Adams

CourtUnited States Bankruptcy Court, E.D. Louisiana
DecidedMarch 26, 2025
Docket23-01003
StatusUnknown

This text of Asbach v. Adams (Asbach v. Adams) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, E.D. Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Asbach v. Adams, (La. 2025).

Opinion

UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF LOUISIANA

§ IN RE: § CASE NO: 22-10968 § JASON C. ADAMS, § CHAPTER 7 § DEBTOR. § SECTION A § § DAVID W ASBACH, § § PLAINTIFF, § § V. § ADV. NO. 23-1003 § JASON C. ADAMS, § § DEFENDANT. §

MEMORANDUM OPINION AND ORDER

The Office of the United States Trustee (“UST”) initiated the above-captioned adversary proceeding on February 22, 2023. In the Complaint, the UST alleges that statements made in various documents filed in his bankruptcy case by the debtor, Jason C. Adams, that he has no income are belied by a review of personal and business bank statements and constitute a “false oath or account” made “knowingly and fraudulently” which would preclude Adams from receiving a discharge in his chapter 7 bankruptcy case under § 727(a)(4)(A) of the Bankruptcy Code. [Adv. No. 23-1003, ECF Doc. 1, ¶¶ 39–40]. This Court initially set the matter to be heard at trial on October 5, 2023. [Adv. No. 23-1003, ECF Doc. 7]. The UST filed a Motion for Summary Judgment, [Adv. No. 23-1003, ECF Doc. 10], which this Court denied, finding that a genuine issue of material fact existed as to the scienter element of § 727(a)(4)(A) of the Bankruptcy Code. [Adv. No. 23-1003, ECF Doc. 16]. The matter then proceeded to trial. [Adv. No. 23-1003, ECF Doc. 28]. This Court held a one-day trial on April 23, 2024, to decide the claims alleged in the UST’s Complaint. After the close of evidence, the Court took the matter under advisement. [Adv. No. 23-1003, ECF Doc. 28]. For the reasons stated herein, this Court finds that Adams did not knowingly and fraudulently utter a “false oath” via omission as to his employment and income in

documents filed in his bankruptcy case; therefore, the relief requested in the Complaint is DENIED. FINDINGS OF FACT1 1. On August 26, 2022, Adams, through counsel, filed a petition for bankruptcy relief under chapter 7 of the Bankruptcy Code, and identified his debts as “primarily business debts.” [No. 22-10968, ECF Doc. 1]. 2. On September 8 2022, counsel filed Official Form 106Sum, “Summary of Your Assets and Liabilities and Certain Statistical Information,” into the record on Adams’ behalf. See Hr’g Tr. Min. 10:08:36–11:08:24 (Apr 23, 2023); UST Ex. 3. 3. In Part 3 of Official Form 106Sum, Adams listed his “Income” as “$0.00.” UST

Ex. 3. 4. On September 8, 2022, Adams’ counsel signed and filed his own affidavit attesting that Adams is unemployed and “has no pay stubs for the 6 months prior to filing bankruptcy.” UST Ex. 2. 5. On September 8, 2022, Adams’ counsel filed into the record Official Form 106I (“Schedule I”) into the record on Adams’ behalf. See UST Ex. 8.

1 These findings of fact and conclusions of law constitute the Court’s findings of fact and conclusions of law pursuant to Federal Rule of Bankruptcy Procedure 7052 and 9014. To the extent that any of the following findings of fact are determined to be conclusions of law, they are adopted and shall be construed and deemed conclusions of law. To the extent any of the following conclusions of law are determined to be findings of fact, they are adopted and shall be construed and deemed as findings of fact. 6. For Questions 2 and 3 on Schedule I, Adams listed “monthly gross wages, salary, and commissions (before all payroll deductions)” as well as “monthly overtime pay” as “$0.00” for him and “N/A” for his non-filing spouse. UST Ex. 8. 7. Question 8 on Schedule I requires debtors to “[l]ist all other income regularly

received.” UST Ex. 8. Adams listed “$0.00” income from “rental property and from operating a business, profession, or farm”; “Interest and dividends”; “Family support payments that you, a non-filing spouse, or a dependent regularly receive”; “Unemployment compensation”; “Other government assistance that you regularly receive”; “Pension or retirement income”; and “Other monthly income.” UST Ex. 8. 8. Question 11 on Schedule I requires debtors to “[s]tate all other regular contributions to the expenses that you list in Schedule J” and “[i]nclude contributions from an unmarried partner, members of your household, your dependents, your roommates, and other friends or relatives.” UST Ex. 8. Adams listed “$0.00” as the answer to Question 11. See UST Ex. 8. 9. On September 8, 2022, Adams’ counsel filed into the record Official Form 106Dec

on behalf of Adams. See UST Ex. 3. Adams e-signed that form declaring that “[u]nder penalty of perjury . . . I have read the summary and schedules filed with this declaration and [declare] that they are true and correct.” UST Ex. 3. 10. On September 29, 2022, Adams’ counsel amended Official Form 107, “Statement of Financial Affairs for Individuals Filing for Bankruptcy,” (the “SOFA”) into the record on Adams’ behalf. See UST Ex. 14. Adams e-signed another Official Form 106Dec attesting under penalty of perjury that the information contained in the SOFA is true and correct. See UST Ex. 14. 11. Question 4 on the SOFA asks, “Did you have any income from employment or from operating a business during this year or the two previous calendar years?” and instructs debtors to “[f]ill in the total amount of income you received from all jobs and all businesses, including part-time activities.” UST Ex. 14. Adams listed “$0.00” as income on the SOFA. See

UST Ex. 14. 12. Question 5 on the SOFA asks, “Did you receive any other income during this year or the two previous calendar years?” and instructs debtors to “[i]nclude income regardless of whether that income is taxable.” Question 5 on the SOFA give examples of “other income”: “alimony; child support; Social Security, unemployment, and other public benefit payments; pensions; rental income; interest; dividends; money collected from lawsuits; royalties; and gambling and lottery winnings.” UST Ex. 14. Adams disclosed that he received $4,300 between January 1 and December 31, 2021 through the federal government’s Covid stimulus initiative and $1,700 between January 1 and December 31, 2020 through the same federal program. See UST Ex. 14.

13. Prior to May 2016, Adams earned a living by owning and leasing commercial properties as well as managing medical practices and marketing for physicians. See Hr’g Tr. Min. 11:10:41–14:02. In May 2016, Adams caused a car accident while driving under the influence which resulted in the death of the passenger in the car. See id. Adams pled guilty to criminal charges, was convicted of a felony, and served nine months of incarceration between June 2018 and March 2019. See id. Adams was also sued civilly by the family of the passenger who perished in the May 2016 car accident. See id. Those plaintiffs filed an adversary proceeding in this Court seeking nondischargeability of the debt owed to them pursuant to §§ 523(a)(6) and (a)(9) of the Bankruptcy Code. See Lirette v. Adams, No. 22-1018 (Bankr. E.D. La. filed Nov. 17, 2022). This Court granted an unopposed motion for summary judgment filed by the plaintiffs and entered a judgment deeming the debt owed to those plaintiffs nondischargeable pursuant to §§ 523(a)(6) and (a)(9) of the Bankruptcy Code. [Adv. No. 22-1018, ECF Docs. 31 & 32]. 14. Adams testified that much of his scheduled general unsecured debt consists of

deficiency balances after mortgage holders foreclosed on all of his commercial real estate assets from which he had previously derived rental income. See Hr’g Tr. Min. 10:08:36–11:08:24. He also owes debts for legal services. See id. 15. Since May 2016, Adams’ parents provided loans or gifts to him totaling approximately $70,000 to $80,000. See id. 16. Since May 2016, Adams received a loan or gift from a family friend in the approximate amount of $50,000. See id. 17. Neither Adams nor his wife were employed during the six months prior to the bankruptcy filing. See id. 18.

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Asbach v. Adams, Counsel Stack Legal Research, https://law.counselstack.com/opinion/asbach-v-adams-laeb-2025.