In re: Jerry Enrique Watkins

CourtUnited States Bankruptcy Appellate Panel for the Ninth Circuit
DecidedNovember 9, 2023
Docket22-1245
StatusUnpublished

This text of In re: Jerry Enrique Watkins (In re: Jerry Enrique Watkins) 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: Jerry Enrique Watkins, (bap9 2023).

Opinion

FILED NOV 9 2023 SUSAN M. SPRAUL, CLERK U.S. BKCY. APP. PANEL OF THE NINTH CIRCUIT NOT FOR PUBLICATION

UNITED STATES BANKRUPTCY APPELLATE PANEL OF THE NINTH CIRCUIT

In re: BAP No. EC-22-1245-GLS JERRY ENRIQUE WATKINS, Debtor. Bk. No. 22-20925-A-12

JERRY ENRIQUE WATKINS, Appellant, v. MEMORANDUM* U.S. BANK NATIONAL ASSOCIATION; NEWRES, c/o PHH Mortgage Service; FRANCHISE TAX BOARD, c/o Anthony Franklin; INTERNAL REVENUE SERVICE, c/o Mary Sevilla; MICHAEL MEYER, Chapter 12 Trustee, Appellees.

Appeal from the United States Bankruptcy Court for the Eastern District of California Fredrick E. Clement, Chief Bankruptcy Judge, Presiding

Before: GAN, LAFFERTY, and SPRAKER, Bankruptcy Judges.

* This disposition is not appropriate for publication. 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 Cir. BAP Rule 8024-1. INTRODUCTION

Chapter 121 debtor Jerry Enrique Watkins (“Debtor”) appeals the

bankruptcy court’s order dismissing his case and imposing a three-year bar

to refiling under § 349(a). Debtor filed a total of seven chapter 12 cases

between 2009 and 2022. He confirmed a plan in three of those cases but

defaulted under the terms of each confirmed plan.

In the present case, Debtor proposed to pay creditors in full through

a lump sum payment from proceeds of a new loan secured by his farm

property. The proposed loan was insufficient to pay the asserted secured

claim of creditor U.S. Bank N.A. (“US Bank”). Debtor objected to US Bank’s

claim, but only disputed $30,540 of its $2.6 million claim.

Although Debtor’s claim objection was still pending, the bankruptcy

court denied confirmation because Debtor’s proposed loan was insufficient

to pay the claims under the plan, even if US Bank’s claim was reduced by

the amount of Debtor’s objection. The court dismissed the case and

imposed a three-year bar to refiling.

Debtor argues that the court erred by dismissing the case prior to

resolving his claim objection, and by imposing a refiling bar without

adequate notice or a sufficient factual basis. Debtor does not demonstrate

error. We AFFIRM.

Unless specified otherwise, all chapter and section references are to the 1

Bankruptcy Code, 11 U.S.C. §§ 101–1532. 2 FACTS

A. Debtor’s bankruptcy and the court’s order to show cause

Debtor filed his chapter 12 petition in April 2022. He listed six prior

chapter 12 bankruptcy cases filed between 2009 and 2019, the last of which

was dismissed by the court in March 2022. Debtor scheduled total assets of

$9,827,293, including his farm, which he valued at $3,000,000. He scheduled

total debts of $1,295,505, consisting primarily of US Bank’s secured claim,

which Debtor listed as $1,201,590.

Debtor filed a status report indicating his intent to file a plan

providing for full payment to all creditors through a new “reverse

mortgage” of his farm property. Debtor stated that if he was unable to

obtain the loan, he would provide for alternate financing to pay creditors,

including a possible sale of his farm property.

Chapter 12 trustee Michael Meyer (“Trustee”) also filed a status

report which outlined in detail Debtor’s prior chapter 12 cases. Trustee

questioned Debtor’s eligibility for chapter 12 and argued that Debtor

lacked sufficient income to fund a plan. Trustee stated that Debtor had

admitted that the reverse mortgage would not provide adequate funds to

pay creditors.

At the initial status hearing in May 2022, the court expressed its

concerns about Debtor’s eligibility and the fact that Debtor had been in

chapter 12 for eleven of the past thirteen years without real progress

toward reorganization. The court indicated that it wanted to give Debtor

3 one more effort to reorganize, and it issued an order to show cause

(“OSC”) requiring Debtor to prove chapter 12 eligibility, attend the

meeting of creditors, timely file all operating reports, and timely file and

confirm a chapter 12 plan. The OSC stated that if Debtor failed to perform

his duties under the Bankruptcy Code, or to prove his eligibility for chapter

12, the court would dismiss the case and impose a three-year bar to refiling.

At the hearing on the OSC, the court held that Debtor satisfied the

threshold issue of eligibility, and it continued the hearing.

B. Debtor’s plan and claim objection

On June 22, 2022, loan servicer PHH Mortgage Corporation (“PHH”)

filed a proof of claim on behalf of US Bank evidencing a claim of

$2,626,603.20, secured by Debtor’s farm. Debtor thereafter filed his chapter

12 plan which provided for payment of all claims through a refinancing of

the farm. The plan required Debtor to make a lump sum payment to

Trustee by December 1, 2022, in an amount sufficient to satisfy all allowed

claims, which Debtor estimated at $1,415,956.34. As an exhibit to the plan,

Debtor attached a payoff quote provided by PHH stating a total amount

due of $1,223,371.90. At Debtor’s request, the bankruptcy court extended

the confirmation deadline to August 29, 2022.

On August 1, 2022, US Bank filed an amended proof of claim for

$2,608,154.85, including prepetition arrears of $1,461,127.91, and it filed an

objection to confirmation of Debtor’s plan. US Bank argued that Debtor’s

plan failed to properly treat its secured claim under § 1225(a)(5), did not

4 satisfy the best interests test of § 1225(a)(4), and was not feasible as

required by § 1225(a)(6). Trustee also objected to confirmation and argued

there was no evidence that Debtor would be able to obtain sufficient

funding to make the payments required by the plan. Trustee provided a

detailed history of Debtor’s prior unsuccessful efforts to confirm a plan in

his most recent chapter 12, which similarly provided for a lump sum

payment.

In response, Debtor disputed US Bank’s claim and cited the payoff

quote and the proof of claim filed by US Bank in Debtor’s 2019 bankruptcy

case in the amount of $1,043,960.38. He concurrently filed an objection to

US Bank’s claim and argued it should be limited to $1,223,373.90, the

amount demanded in its payoff quote.

US Bank responded to the claim objection by asserting the payoff

quote—and its proof of claim in the 2019 case—were erroneously

generated from its internal systems based on the confirmed plan in

Debtor’s 2017 case. The 2017 plan provided for a cramdown of US Bank’s

claim to $950,000, to be paid at 5.5% interest, but stated that US Bank

would retain its secured claim for the full amount under the loan in the

event of dismissal or conversion. Because Debtor’s 2017 case was

dismissed, US Bank argued it was entitled to the full amount of its claim

under the note and deed of trust, as asserted in its amended proof of claim.

In support of its response, US Bank provided documents from Debtor’s

5 2017 case, including its proof of claim for $2,147,747.87, with supporting

documentation, and Debtor’s confirmed 2017 plan.

Debtor filed a reply and argued that US Bank failed to account for

payments made under Debtor’s first chapter 12, filed in 2009. He attached

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