In Re Young

193 B.R. 620, 1996 Bankr. LEXIS 260, 1996 WL 135147
CourtDistrict Court, District of Columbia
DecidedMarch 13, 1996
DocketBankruptcy 95-567
StatusPublished
Cited by51 cases

This text of 193 B.R. 620 (In Re Young) is published on Counsel Stack Legal Research, covering District Court, District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In Re Young, 193 B.R. 620, 1996 Bankr. LEXIS 260, 1996 WL 135147 (D.D.C. 1996).

Opinion

FINDINGS OF FACT AND CONCLUSIONS OF LAW ON DEBTOR’S MOTION FOR CONTEMPT

S. MARTIN TEEL, Jr., Bankruptcy Judge.

The Debtor’s Motion for Contempt for Violations of Automatic Stay seeks to hold his secured creditor in contempt for allegedly violating the proscription of 11 U.S.C. § 362(a)(3) against, among other things, acts “to exercise control over property of the estate.” Specifically, the alleged contempt is based on the creditor’s admitted failure to return its collateral, a car, which the creditor repossessed before the petition was filed. The court determines that such a failure does not violate § 362(a)(3) and will deny the motion.

I

The debtor owns a Toyota vehicle. Toyota Motor Credit Corporation (“Toyota Motor”) holds a security interest against the vehicle to secure the payment of amounts owed -under the retail installment contract whereby the debtor purchased the vehicle. (Toyota *621 Motor holds the installment sales contract as the assignee of the car dealership, Kline Ty-sons Toyota, Inc.) The debtor fell into arrears in making payments as required by the terms of the contract. Pursuant to its remedies under the contract, on April 13, 1995, Toyota Motor repossessed the vehicle. Subsequently, on May 15,1995, the debtor filed a chapter 18 petition.

The contract provided that the debtor’s right to redeem “will end when the vehicle is sold or when the Creditor enters into a contract for its disposition, whichever occurs first.” The contract further provided that

The Creditor will send you a written notice of the sale at least 10 days before selling the vehicle. If you do not redeem the vehicle by the date on the notice, the Creditor can sell it.

Toyota Motor has alleged that the debtor’s contractual remedy of redemption expired on May 2, 1995, as outlined in a notice of redemption mailed to the debtor on or about April 14, 1995. However, Toyota Motor did not introduce the notice into evidence and presented no evidence that Toyota Motor had sold the vehicle or entered into a contract for its sale. The court must assume that the notice was simply the 19-day warning the contract required the creditor to issue before it could proceed to sell the vehicle. Under the terms of the contract, Toyota Motor was free to sell the vehicle once the notice period had expired.

Although Toyota Motor may have been free to sell the vehicle, this did not place title to the vehicle in Toyota Motor. Title still rested in the debtor with the right to redeem the vehicle at any time prior to the only two events specified by the contract as terminating the right to redeem: sale of the vehicle or Toyota Motor’s entering into a contract for sale. The mere seizure of the vehicle did not suffice to destroy the debtor’s title as long as the debtor had a right to redeem. United States v. Whiting Pools, Inc., 462 U.S. 198, 103 S.Ct. 2309, 76 L.Ed.2d 515 (1983).

The debtor filed a motion for contempt against Toyota Motor for violation of the automatic stay under the Bankruptcy Code for Toyota Motor’s continued retention of the vehicle, which is the issue under consideration here.

Section 362(a)(3) of the Bankruptcy Code prohibits a creditor postpetition from taking “any act to obtain possession of property of the estate or of property from the estate or to exercise control over property of the estate.” Clearly, the creditor in this ease did not take a postpetition act to “obtain possession” because it rightfully obtained possession prepetition. Rather, the question raised here is whether simply maintaining the status quo postpetition by not affirmatively returning the vehicle to the debtor is an act to “exercise control” in violation of § 362(a)(3). In other words, is a mere failure to release possession of a repossessed vehicle postpetition an exercise of control over the vehicle, particularly in circumstances where the creditor is entitled to adequate protection of its interest in the property?

For reasons explained below, the court concludes that the creditor is entitled to retain possession of the property pending resolution of the request for adequate protection of its interest in the property and thus is not subject to sanctions.

II

Critical to ascertaining the proper interpretation of § 362(a)(3) is an examination of the provisions of the Bankruptcy Code governing use of property and turnover of property. The debtor generally may use property of the estate in the ordinary course of the debtor’s business. 11 U.S.C. § 363(c)(1). However, on request of a secured creditor, the court must condition such use on the debtor’s furnishing adequate protection. 11 U.S.C. § 363(e). 1 In turn, under § 542(a) of the Code, a creditor “in possession, custody or control ... of property that the trustee *622 may use, sell or lease under section 363 of this title, shall deliver to the trustee ... such property ... unless such property is of inconsequential value or benefit to the estate.” 2

In Whiting Pools, the debtor sought a turnover order against the Internal Revenue Service (“IRS”). The court of appeals upheld the bankruptcy court’s power to order turnover. In seeking reversal of the court of appeals, the IRS urged that its prepetition seizure by tax levy removed the property from the reach of the debtor’s reorganization efforts. In disagreeing, the Supreme Court determined that § 542(a) mandates that a secured creditor in possession of the debtor’s property seized prepetition must turn over that property to the trustee if the trustee is authorized to use, sell or lease the property under § 363. Whiting Pools, 462 U.S. at 203-207, 103 S.Ct. at 2312-2315. The Court reasoned that “§ 542 modifies the procedural rights available to creditors to protect and satisfy their liens.... In effect, § 542 grants to the estate a possessory interest in certain property of the debtor that was not held by the debtor at the commencement of reorganization proceedings.” Id. at 206-207, 103 S.Ct. at 2314 (footnotes and citations omitted).

Significant to the issue in this case, the Court went on to state that in return for giving up those possessory rights, “[t]he Bankruptcy Code provides secured creditors various rights, including the rights to adequate protection, and these rights replace the protection afforded by possession.” Id. at 207, 103 S.Ct. at 2315. In this regard, the Court concluded that “[t]he IRS, under § 363(e), remains entitled to adequate protection for its interests.... Section 542(a) simply requires the Service to seek protection of its interest according to the eongres-sionally established bankruptcy procedures, rather than by withholding the seized property from the debtor’s efforts to reorganize.” Id. at 212, 103 S.Ct. at 2317.

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Cite This Page — Counsel Stack

Bluebook (online)
193 B.R. 620, 1996 Bankr. LEXIS 260, 1996 WL 135147, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-young-dcd-1996.