In re: Linda Nguyen

CourtUnited States Bankruptcy Appellate Panel for the Ninth Circuit
DecidedNovember 13, 2024
Docket24-1089
StatusUnpublished

This text of In re: Linda Nguyen (In re: Linda Nguyen) 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: Linda Nguyen, (bap9 2024).

Opinion

FILED NOV 13 2024 SUSAN M. SPRAUL, CLERK NOT FOR PUBLICATION U.S. BKCY. APP. PANEL OF THE NINTH CIRCUIT

UNITED STATES BANKRUPTCY APPELLATE PANEL OF THE NINTH CIRCUIT

In re: BAP No. CC-24-1089-FSL LINDA NGUYEN, Debtor. Bk. No. 8:21-bk-10534-TA

LINDA NGUYEN, Adv. No. 8:21-ap-01033-TA Appellant, v. MEMORANDUM* UYEN VI THI BUI, Appellee.

Appeal from the United States Bankruptcy Court for the Central District of California Theodor C. Albert, Chief Bankruptcy Judge, Presiding

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

INTRODUCTION

Chapter 71 debtor Linda Nguyen and her close friend, Uyen Vi Thi

Bui, formed a partnership to flip houses in Florida. When Ms. Nguyen

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

Bankruptcy Code, 11 U.S.C. §§ 101-1532. failed to perform and instead misdirected Ms. Bui’s investment, Ms. Bui

sued Ms. Nguyen in Washington state court and obtained a money

judgment against her. Ms. Nguyen filed for bankruptcy protection, but

after a trial, the bankruptcy court determined that the debt was

nondischargeable under §§ 523(a)(4) and (a)(6) and awarded Ms. Bui her

attorneys’ fees and costs.

Ms. Nguyen appeals. She does not contest the bankruptcy court’s

factual findings or its determination of liability. Instead, she objects to the

court’s award of damages and attorneys’ fees.

We discern no error and AFFIRM.

FACTS

A. The parties’ friendship and joint venture

Ms. Nguyen and Ms. Bui were close friends for over two decades. In

2018, Ms. Bui told Ms. Nguyen that she was considering investing in a

business. Ms. Nguyen recommended that she invest in real estate and told

Ms. Bui that she had experience “flipping” houses for profit. In fact,

Ms. Nguyen had little such experience.

In May 2018, Ms. Bui agreed to invest her money with Ms. Nguyen to

acquire and flip two properties in Florida: the so-called “Downing

Property” and the “Forbes Property.” The parties entered into two joint

venture/partnership agreements (the “Joint Venture Agreements”). Under

the first agreement (the “Downing Agreement”), Ms. Bui agreed to fund

$180,000 for the partnership’s purchase of the Downing Property. The

2 parties later executed a second agreement (the “Forbes Agreement”),

wherein Ms. Bui agreed to fund $155,000 for the purchase of the Forbes

Property.

Under the Joint Venture Agreements, Ms. Bui was a “silent partner”

who would only contribute the funding, while Ms. Nguyen was “solely

responsible” for renovating and selling the properties. Ms. Nguyen

promised to “work to the best of his/her ability” to complete the

renovations, sell the properties, and distribute the proceeds within one

year. The agreements also provided that the “prevailing party” in

“litigation aris[ing] out of this Agreement or the performance thereof”

could recover attorneys’ fees.

At the same time, and apparently unbeknownst to Ms. Bui,

Ms. Nguyen negotiated and executed joint venture agreements concerning

the same properties with their mutual friend, Minh Tran. The Nguyen/Tran

agreements were identical in substance to the Nguyen/Bui agreements,

except that Ms. Tran’s investment was significantly less than Ms. Bui’s

contribution: $50,000 for the Downing Property and $100,000 for the Forbes

Ms. Nguyen purchased the Downing Property on June 20, 2018 for

$175,093 and purchased the Forbes Property on July 23 for $300,000.

Ms. Nguyen did little or no work to renovate the properties. Both

Ms. Bui and Ms. Tran became impatient and repeatedly inquired about the

return on their investments.

3 Eventually, Ms. Nguyen sold the Downing Property for a small loss.

She did not immediately inform Ms. Bui of the sale. Instead, she continued

to provide (false) updates on the progress of the Downing Property

renovations. When Ms. Nguyen received the net sale proceeds of

$161,722.21, she wired $120,035 to Ms. Tran, gave Ms. Bui $10,035 as a

“loan,” and retained the rest for renovations to the Forbes Property.

B. The state court action

By July 2019, Ms. Bui became aware of Ms. Tran’s involvement in the

joint venture. In November 2021, Ms. Bui sued Ms. Nguyen and her

husband in Washington state superior court. The complaint asserted claims

for breach of contract, injunctive relief, and partnership dissolution and

accounting. It sought monetary damages of $330,000 (Ms. Bui’s initial

investment minus a $5,000 repayment) and an order to sell the Forbes

Property, which it alleged was partnership property under the Joint

Venture Agreements and Washington law.

Ms. Bui prevailed on a series of motions for summary judgment. The

superior court held that the Joint Venture Agreements created a

partnership and directed a court-supervised sale of the Forbes Property.

The Forbes Property sold for a small loss. The court ordered that Ms. Bui

would receive the net proceeds of the sale and entered partial final

judgment against Ms. Nguyen for $330,000 plus interest.

Later, the superior court entered an amended final judgment (“State

Court Judgment”) against Ms. Nguyen and the marital community of

4 Ms. Nguyen and her husband for damages totaling $300,513.78 plus post-

judgment interest. The court distributed the net sale proceeds of the Forbes

property ($240,098.75) to Ms. Bui, which reduced the outstanding principal

balance to $89,901.25.

Ms. Nguyen did not appeal the State Court Judgment, and it has

become final.

C. Chapter 7 bankruptcy and adversary proceeding

Meanwhile, Ms. Nguyen filed her chapter 7 petition. Ms. Bui filed a

proof of claim for $628,217.10 and objected to some of Ms. Nguyen’s

claimed exemptions.

Ms. Bui initiated an adversary proceeding against Ms. Nguyen,

asserting that the debt evidenced by the superior court’s partial final

judgment was nondischargeable under §§ 523(a)(2)(A), (a)(4), and (a)(6).2

She also requested an award of attorneys’ fees.

After a trial, the bankruptcy court first ruled that Ms. Bui failed to

prove actual fraud under § 523(a)(2)(A): Ms. Nguyen’s misrepresentations

occurred after the fact or were “at best boastful exaggerations.”

The bankruptcy court next considered nondischargeability under

§ 523(a)(4). It held that Ms. Bui had satisfied the standards for both

embezzlement and defalcation while acting in a fiduciary capacity.

Ms. Nguyen was entrusted with Ms. Bui’s money but did not use the

2 Ms. Bui also sought denial of discharge under § 727(a)(2). The bankruptcy court rejected that claim, and no one challenges that decision on appeal. 5 money as intended; the disbursal of the sale proceeds to Ms. Tran was a

diversion of partnership property; and there were clear indications of

fraud.

The bankruptcy court held that Ms. Bui established willful and

malicious injury under § 523(a)(6). It found that the transfer of partnership

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