Gateway Center Building Investors, Ltd. v. Paric Corp. (In re Gateway Center Building Investors, Ltd.)

84 B.R. 155, 1988 Bankr. LEXIS 300
CourtDistrict Court, E.D. Missouri
DecidedMarch 7, 1988
DocketBankruptcy No. 87-03545-BSS; Adv. No. 88-0013-BSS
StatusPublished

This text of 84 B.R. 155 (Gateway Center Building Investors, Ltd. v. Paric Corp. (In re Gateway Center Building Investors, Ltd.)) is published on Counsel Stack Legal Research, covering District Court, E.D. Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Gateway Center Building Investors, Ltd. v. Paric Corp. (In re Gateway Center Building Investors, Ltd.), 84 B.R. 155, 1988 Bankr. LEXIS 300 (E.D. Mo. 1988).

Opinion

MEMORANDUM OPINION

BARRY S. SCHERMER, Bankruptcy Judge.

INTRODUCTION

This matter is before the Court upon the Motion for Summary Judgment filed by Paric Corporation (hereinafter “Paric”). Paric filed suit against Gateway Center Building Investors, Ltd. (hereinafter “Gateway Ltd.”) and Gateway Center, Inc. (hereinafter “Gateway Inc.”) in the Circuit Court of the City of St. Louis. On the same day it filed suit, Paric sought and obtained from the Circuit Court an Order for the issuance of a prejudgment writ of attachment (hereinafter “Attachment”) upon real estate owned by Gateway Ltd. The next day, the Sheriff of the City of St. Louis levied upon the real property. Subsequently, Gateway Ltd. filed a Voluntary Petition under Chapter 11 of the Bankruptcy Code. Gateway Ltd. brought this adversary action against Paric to dissolve the Attachment alleging that Paric was not eligible under Missouri law for the Attachment when it obtained the same. On February 11, 1988, Paric filed its Motion For Summary Judgment asserting that the Attachment and levy were properly obtained and that there is no genuine issue as to any material fact regarding the validity and enforcement of its writ of attachment and, that as a matter of law, it was entitled to judgment.

JURISDICTION

This Court has jurisdiction over the parties and subject matter of this proceeding pursuant to 28 U.S.C. §§ 1334, 151 and 157 and Local Rule 29 of the United States District Court for the Eastern District of Missouri. This is a “core proceeding” which the Court may hear and determine pursuant to 28 U.S.C. § 157(b)(2)(K). The parties have stipulated that this is a core proceeding under Bankruptcy Rule 7012(b). FACTS

Paric, a Missouri corporation, filed suit1 on July 13,1987, against Gateway Ltd. and Gateway Inc. based upon allegations of [156]*156breach of contract and quantum meruit, seeking recovery of $1,264,729.90 plus interest. On the same day, Paric requested issuance of a prejudgment writ of attachment from the Honorable Brendan Ryan, Circuit Judge of the City of St. Louis. Judge Ryan issued the writ and on the next day, July 14, 1987, the Sheriff of the City of St. Louis executed the writ by filing the same with the Recorder of Deeds of the City of St. Louis. The Sheriff levied upon Gateway Ltd.’s interest in real estate located at 1015 Locust Street in the City of St. Louis.

Gateway Ltd. is a Georgia Limited Partnership 2 while Gateway Inc. is a Delaware corporation3 and the sole general partner of Gateway Ltd. Gateway Ltd. is the owner of two parcels of real estate in the City of St. Louis, one known as the “Merchandise Mart” and the other as the 1015 Locust Building. Neither Gateway Ltd. nor Gateway Inc. has any employees in the State of Missouri. Gateway Ltd. employs a leasing agent to lease commercial space as well as to collect rent in the 1015 Locust Building. Neither Gateway Ltd. nor Gateway Inc. files tax returns or maintains a telephone or business records in the State of Missouri, although the business records of the leasing transactions of the 1015 Locust Building are maintained in St. Louis, Missouri. None of the limited partners of Gateway Ltd. reside in Missouri. The parties have filed briefs in support of their respective positions and argument was presented March 1, 1988.

DISCUSSION

Paric proceeded with its prejudgment writ of attachment pursuant to four (4) subdivisions of § 521.010 R.S.Mo. (1986) as follows:

521.010. Attachment, when issued-parties to-causes for. — In any court having competent jurisdiction, the plaintiff in any civil action may have an attachment against the property of the defendant, or that of any one or more of several defendants, in any one or more of the following cases:
(1) Where the defendant is not a resident of this state;
(2) Where the defendant is a corporation, whose chief office or place of business is out of this state;
(5) Where the defendant is about to remove his property or effects out of this state, with the intent to defraud, hinder or delay his creditors;
(8) Where the defendant has fraudulently concealed, removed or disposed of his property or effects, so as to hinder or delay his creditors.

Summary Judgment under Rule 56(c) of the Federal Rules of Civil Procedure and Bankruptcy Rule 7056 is proper only “if the pleadings, depositions, answers to interrogatories and admissions on file, together with the affidavits ... show that there is no genuine issue as to any material fact and that the moving party is entitled to a judgment as a matter of law.” Wilson v. Myers, 823 F.2d 253, 256 (8th Cir.1987), Hegg v. U.S., 817 F.2d 1328, 1331 (8th Cir.1987). Holloway v. Lockhart, 813 F.2d [157]*157874, 879 (8th Cir.1987). At the hearing held March 1, 1988, Gateway Ltd. announced there were no genuine issues of fact with respect to Pane’s Motion For Summary Judgment based upon 521.010(1) and (2) R.S.Mo. 1986.

With respect to the purpose of the attachment statute, Missouri Courts have held that:

“an attachment is a purely statutory remedy, ancillary to the main action, and provide a summary anticipatory method to impound the assets of a defendant to facilitate the collection of a judgment against him. Lubrication Engineers, Inc. v. Parkinson, 341 S.W.2d 876, 878 [6,7] (Mo.App.1961); Anderson On Sheriffs, Coroners, and Constables, § 22 p. 236 (1941); 7 CJS Attachment § 1 p. 185. Where the defendant is nonresident, attachment procedure serves the additional purpose to compel the person to submit to the jurisdiction of the court upon pain of forfeiture of the sequestered property. State Ex Rel. Auchincloss, etc. v. Harris, 349 Mo. 190, 159 S.W.2d 799, 805 [7-9] (1942). The levy of the writ of attachment not only serves to establish the special property interest of the officer in the goods, but also puts the property out of the control of the attachment debtor and closes the goods to subsequent levy of another creditor. State Ex Rel. Mather v. Carnes, 551 S.W.2d 272, 281-282 (Mo.App.1977).”

Under its first theory, Paric argues that Gateway Ltd. is not a resident of the State of Missouri under Section 521.010(1). This Court’s determination of whether Gateway Ltd. was a resident of the State of Missouri on July 13,1987, is guided by any Missouri State Court determination of the issue.

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84 B.R. 155, 1988 Bankr. LEXIS 300, Counsel Stack Legal Research, https://law.counselstack.com/opinion/gateway-center-building-investors-ltd-v-paric-corp-in-re-gateway-moed-1988.