Clay v. Whitten

CourtUnited States Bankruptcy Court, S.D. Mississippi
DecidedJuly 10, 2020
Docket19-00038
StatusUnknown

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

Bluebook
Clay v. Whitten, (Miss. 2020).

Opinion

SO ORDERED, (S/. ie sXe ws) lad \ OG Ae ates | 2 ame Judge Neil P. Olac Oe United States Bankruptcy Jud ah □□ Date Signed ly 10,2050 STRICT The Order of the Court is set forth below. The docket reflects the date entered.

UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF MISSISSIPPI IN RE: DEWANE WHITTEN, CASE NO. 19-00467-NPO DEBTOR. CHAPTER 7 LARRY AND REBECCA CLAY PLAINTIFFS VS. ADV. PROC. 19-00038-NPO DEWANE WHITTEN DEFENDANT MEMORANDUM OPINION AND ORDER GRANTING MOTION FOR SUMMARY JUDGMENT This matter came before the Court on the Motion for Summary Judgment (the “Summary Judgment Motion”) (Adv. Dkt. 19)! filed by Larry Clay (“Larry Clay”) and Rebecca Clay (collectively, with Larry Clay, the “Plaintiffs’); the Memorandum Brief in Support of Motion for

' Citations to the record are as follows: (1) citations to docket entries in the above-styled adversary proceeding (the Adversary”) are cited as “(Adv. Dkt. y’; (2) citations to docket entries in the above-styled bankruptcy case (the “Bankruptcy Case”) are cited as “(Bankr. Dkt. )’; and (3) citations to docket entries in the chapter 7 bankruptcy case commenced by George L. Whitten (“George Whitten”) in Case No. 16-00338-NPO (the “George Whitten Bankruptcy Case’’) are cited as “(16-00338-NPO Dkt.__)”. Page | of 27

Summary Judgment (the “Summary Judgment Brief”) (Adv. Dkt. 20) filed by the Plaintiffs; the Material Facts and Proceedings (the “Summary Judgment Material Facts”) (Adv. Dkt. 21) filed by the Plaintiffs; the Defendant’s Response to the Plaintiffs’ Motion for Summary Judgment (the “Response”) (Adv. Dkt. 23) filed by the debtor, Dewane Whitten (the “Defendant”); the

Defendant’s Memorandum Brief in Opposition to Motion for Summary Judgment (the “Brief in Opposition to Summary Judgment Motion”) (Adv. Dkt. 24) filed by the Defendant; the Defendant’s Response to the Plaintiffs’ Material Facts and Proceedings (the “Response to Summary Judgment Material Facts”) (Adv. Dkt. 25) filed by the Defendant; and the Plaintiffs’ Reply in Support of Motion for Summary Judgment (the “Reply”) (Adv. Dkt. 26) filed by the Plaintiffs in the Adversary. The Plaintiffs attached eight (8) exhibits, marked as Exhibits “1” through “8” (Adv. Dkt. 19-1 to 19-8), to the Summary Judgment Motion. The Defendant attached two (2) exhibits, marked as Exhibits “A” and “B” (Adv. Dkt. 23 at 7-21), to the Response. Jurisdiction The Court has jurisdiction over the subject matter of and the parties to this proceeding

under 28 U.S.C. § 1334. This matter constitutes a core proceeding pursuant to 28 U.S.C. § 157(b)(2)(A), (I), and (O). Notice of the Hearing was proper under the circumstances. Facts2 The facts at issue in the Adversary arise from a verbal agreement between the Plaintiffs and Defendant regarding the purchase of one hundred and fifty (150)-acres of land in Pontotoc County, Mississippi (the “Property”). After nearly two years, their ongoing business relationship ended when the Plaintiffs discovered a judgment lien on the Property. Neither the Defendant nor

2 Pursuant to Rule 52 of the Federal Rules of Civil Procedure, as made applicable to the Adversary by Rule 7052 of the Federal Rules of Bankruptcy Procedure, the following constitutes the findings of fact and conclusions of law of the Court. her husband, George Whitten, informed the Plaintiffs of the lien. The Plaintiffs first learned of its existence after George Whitten disclosed it in the George Whitten Bankruptcy Case. Unless otherwise noted, the facts below are the findings of fact of the Circuit Court of Pontotoc County, Mississippi (the “State Court”) in the Summary Judgment Order Granting Plaintiffs’ Motion for

Summary Judgment (the “State Court Summary Judgment Order”) (Adv. Dkt. 19-4). A. Verbal Agreement to Purchase the Property During the relevant period, the Property was owned jointly by the Defendant and George Whitten and was subject to a mortgage held by Citizens Bank of Philadelphia (“Citizens Bank”). On July 8, 2014, a judgment in the approximate amount of $2,800,000.00 (the “$2.8 Million Judgment) was entered against George Whitten. In August of 2014, the Plaintiffs entered into negotiations with the Defendant for the purchase of the Property. (Adv. Dkt. 19-4 at 1). During these negotiations, the Defendant represented to Larry Clay that she possessed “good title” to the Property and could convey title of the Property. (Adv. Dkt. 19-4 at 1). Larry Clay apparently was aware that Citizens Bank held a mortgage on the Property but was unaware of the $2.8 Million

Judgment. Larry Clay agreed to pay the Defendant $2,300.00 per acre for a total purchase price of $345,000.00. (Adv. Dkt. 19-4 at 1). According to the Plaintiffs, the Defendant agreed to finance the purchase at an interest rate of six percent (6%) per annum. (Adv. Dkt. 19-1 at 2). The Defendant denies that she ever agreed to finance the purchase. (Adv. Dkt. 25 at 1). Instead, she contends that the parties agreed that Larry Clay either would obtain his own financing or assume the mortgage held by Citizens Bank. (Adv. Dkt. 25 at 2). Whether the transaction gave rise to an option to buy the Property or an agreement to purchase the Property, it is undisputed that Larry Clay agreed to pay the Defendant an initial payment of $1,000.00 followed by ongoing monthly payments of $2,000.00 beginning September 4, 2014. (Adv. Dkt. 19-4 at 1). On September 4, 2014, Larry Clay drafted, signed, and dated a written contract reflecting the parties’ agreement and mailed it to the Defendant or George Whitten along with a check in the

amount of $3,000.00. The written agreement apparently was never signed by the Defendant, and, thus, there was never a written contract for the sale of the Property or a written option agreement. On the same day that Larry Clay sent the written agreement and $3,000.00 to the Defendant, September 4, 2014, the $2.8 Million Judgment was enrolled in the Judgment Roll of Pontotoc County, Mississippi, and became a lien upon the Property. See MISS. CODE ANN. § 11- 7-191. The Plaintiffs, who were unaware of the judgment lien, continued making monthly payments of $2,000.00 to the Defendant. (Adv. Dkt. 19-1 at 2). The Defendant deposited the $1,000.00 initial payment and the $2,000.00 monthly payments into her bank account for a total of $43,000.00. (Adv. Dkt. 19-4 at 1). B. George Whitten Bankruptcy Case

The Plaintiffs stopped making payments to the Defendant in June of 2016 when they learned that George Whitten had filed a voluntary petition for relief under chapter 7 of the U.S. Bankruptcy Code (16-00338-NPO Dkt. 1) on February 5, 2016. In Schedule D: Creditors Who Have Claims Secured by Property (16-00338-NPO Dkt. 16 at 24-25), George Whitten disclosed the $2.8 Million Judgment and its enrollment in Pontotoc County, Mississippi. (Adv. Dkt. 19-4 at 2; 16-00338-NPO Dkt. 16 at 24-25). On October 26, 2016, the Plaintiffs’ attorney sent a letter to the Defendant requesting that the parties finalize the purchase of forty-four (44) acres of the Property, which they believed was owned solely by the Defendant, in return for the $43,000.00 paid to the Defendant to date for the entire Property. (Adv. Dkt. 19-1 at 7). The Defendant acknowledged that she received the letter but did not respond. (Adv. Dkt. 19-4 at 2).

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Clay v. Whitten, Counsel Stack Legal Research, https://law.counselstack.com/opinion/clay-v-whitten-mssb-2020.