In re: Erlinda Koo

CourtUnited States Bankruptcy Appellate Panel for the Ninth Circuit
DecidedOctober 1, 2013
DocketCC-12-1558-KiTaKu
StatusUnpublished

This text of In re: Erlinda Koo (In re: Erlinda Koo) is published on Counsel Stack Legal Research, covering United States Bankruptcy Appellate Panel for the Ninth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re: Erlinda Koo, (bap9 2013).

Opinion

FILED OCT 1 2013 SUSAN M. SPRAUL, CLERK U.S. BKCY. APP. PANEL 1 OF THE NINTH CIRCUIT

2 3 UNITED STATES BANKRUPTCY APPELLATE PANEL 4 OF THE NINTH CIRCUIT 5 In re: ) BAP No. CC-12-1558-KiTaKu ) 6 ERLINDA KOO, ) Bk. No. 2:11-59180-SK ) 7 Debtor. ) ) 8 ) ) 9 ERLINDA KOO, ) ) 10 Appellant, ) ) 11 v. ) M E M O R A N D U M1 ) 12 VNO SHOPS ON LAKE, LLC, ) ) 13 Appellee. ) ______________________________) 14 Argued and Submitted on September 19, 2013, 15 at Pasadena, California 16 Filed - October 1, 2013 17 Appeal from the United States Bankruptcy Court for the Central District of California 18 Honorable Sandra R. Klein, Bankruptcy Judge, Presiding. 19 20 Appearances: Tony Otha Thompson, Esq., argued for appellant, Dr. Erlinda Koo; Todd E. Whitman, Esq. of Allen 21 Matkins argued for appellee, VNO Shops on Lake, LLC. 22 23 Before: KIRSCHER, TAYLOR and KURTZ, Bankruptcy Judges. 24 25 26 1 This disposition is not appropriate for publication. 27 Although it may be cited for whatever persuasive value it may have (see Fed. R. App. P. 32.1), it has no precedential value. See 9th 28 Cir. BAP Rule 8013-1. 1 Individual chapter 112 debtor, Dr. Erlinda Koo ("Koo"), 2 appeals an order from the bankruptcy court overruling her 3 objection to a proof of claim filed by appellee, VNO Shops on 4 Lake, LLC ("VNO"). We DISMISS the appeal as MOOT. 5 I. FACTUAL BACKGROUND AND PROCEDURAL HISTORY 6 A. Prepetition events 7 On or about May 14, 2003, VNO's predecessor, as landlord, and 8 Gemini Business Concepts, Inc. ("Gemini"), as tenant, entered into 9 a five-year written lease agreement ("Lease") for certain 10 commercial property located at The Shops on Lake Avenue, Pasadena, 11 California ("Premises"). Gemini was a California corporation 12 owned by Koo, who signed the Lease as Gemini's "chairperson." The 13 Premises was used for the operation of a Japanese restaurant. The 14 Lease contained an option to renew for another five-year term from 15 2008-2013. The parties disagreed about whether Koo ever exercised 16 the option, but the bankruptcy court found that she had. 17 Concurrently with the Lease, Koo executed a written guaranty 18 of lease ("Guaranty"), wherein Koo personally guaranteed, among 19 other things, Gemini's payment of all rents and other sums payable 20 under the Lease. 21 On or about November 17, 2007, Koo as "owner" of Gemini 22 executed an assignment of the Lease ("Assignment") to Royal Jade 23 Investments, Inc. ("Royal Jade"), another corporation owned by 24 Koo. Koo also executed as "owner" of Royal Jade an acceptance of 25 the Assignment, agreeing to be bound by all terms, conditions and 26 27 2 Unless specified otherwise, all chapter, code and rule references are to the Bankruptcy Code, 11 U.S.C. §§ 101-1532, and 28 the Federal Rules of Bankruptcy Procedure, Rules 1001-9037.

-2- 1 covenants in the Lease, including the payment of rent. VNO, as 2 landlord, consented to the Assignment. 3 On December 14, 2007, Koo executed an affirmation of 4 guarantors ("Affirmation"), wherein Koo reaffirmed her Guaranty of 5 Royal Jade's obligations under the Lease, including the payment of 6 all rents due and payable to VNO. 7 As the result of VNO's unlawful detainer action against Royal 8 Jade, the state court entered a judgment for possession in favor 9 of VNO on November 18, 2011. The parties also agreed to a 10 settlement on the record whereby Royal Jade would pay VNO 11 $113,063, with $24,000 to be paid by November 11, 2011, and five 12 monthly payments of $17,812.70 to be paid by the 15th of each 13 month. The parties further agreed that if all payments were made, 14 Royal Jade and Koo would be released from all past and future 15 liability. If any payments were missed, VNO could pursue all past 16 and future amounts less any payments made. 17 On December 2, 2011, the state court entered a writ of 18 possession directing the sheriff to enforce the judgment against 19 Royal Jade. Koo was not personally named on either the possession 20 judgment or the writ of possession. The parties agree that Koo 21 timely tendered the $24,000 payment. However, no further payments 22 were made. 23 B. Koo's objection to VNO's claim 24 Koo filed a chapter 11 bankruptcy case on December 1, 2011. 25 Royal Jade filed a chapter 7 bankruptcy case two weeks later on 26 December 14, 2011. 27 Based on her Guaranty, VNO filed an amended proof of claim 28 ("Claim") in Koo's bankruptcy case for $228,902.61: $152,110.26

-3- 1 in pre-surrender rent and $76,792.35 in damages per § 502(b)(6). 2 Koo objected to VNO's Claim contending, among other things, 3 that the Guaranty failed to impose liability on her because it was 4 an unenforceable "sham guaranty" under CAL. CIV. CODE § 2787.3 5 VNO disputed Koo's sham guaranty argument. 6 On October 10, 2012, the bankruptcy court issued a tentative 7 ruling on the Claim objection. In short, the court found that 8 Koo's Guaranty was not a sham, and that she was liable for breach 9 of the Lease. The court rejected Koo's "sham guaranty" argument 10 on two bases. First, Koo was estopped from arguing that she and 11 Royal Jade were not legally distinct. Royal Jade had filed for 12 bankruptcy, and Koo had signed the petition as Royal Jade's 13 president. Therefore, reasoned the court, Koo had acknowledged 14 that Royal Jade was a separate legal entity. Further, the 15 schedules showed that Royal Jade owned separate property, 16 including a liquor license. Second, Koo could not use the alter 17 ego doctrine defensively to "accomplish an 'inequitable purpose' 18 of avoiding her obligations under the Guaranty." 19 The bankruptcy court distinguished the cases cited by Koo as 20 "inapplicable," because they involved issues regarding whether a 21 general partner is liable for a partnership's debts and 22 liabilities for deficiencies related to real property purchases 23 governed by California's antideficiency statues. The court 24 further rejected Koo's argument that Royal Jade was a "dummy" 25 corporation. Koo had Royal Jade file its own bankruptcy case. To 26 27 3 Koo had also argued that VNO's Claim should be offset by the $24,000 payment she made in November 2011. VNO and the 28 bankruptcy court agreed. The Claim was reduced accordingly.

-4- 1 take Koo's argument to its logical conclusion would mean that Koo 2 was individually liable to all of Royal Jade's creditors, and that 3 Royal Jade's bankruptcy case itself was a sham. 4 The bankruptcy court held a hearing on the Claim objection on 5 October 11, 2012. After hearing oral argument from the parties, 6 the court announced that its tentative ruling would be the final 7 ruling. 8 On October 17, 2012, the bankruptcy court entered its order 9 overruling Koo's objection in part, sustaining it in part, and 10 allowing VNO's Claim for $204,902.61, which reflected the conceded 11 $24,000 reduction. The court entered its tentative ruling as its 12 final ruling on November 2, 2012. This timely appeal followed. 13 II. JURISDICTION 14 The bankruptcy court had jurisdiction under 28 U.S.C. §§ 1334 15 and 157(b)(2)(B). We discuss our jurisdiction under 28 U.S.C. 16 § 158 below. 17 III. ISSUES 18 Is this appeal moot? If not, did the bankruptcy court err by 19 not applying the "sham guaranty" test to determine Koo's liability 20 under the Guaranty? 21 IV.

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