Kim v. Yoon

CourtUnited States Bankruptcy Court, C.D. California
DecidedMay 12, 2021
Docket6:18-ap-01210
StatusUnknown

This text of Kim v. Yoon (Kim v. Yoon) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, C.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Kim v. Yoon, (Cal. 2021).

Opinion

2 FILED & ENTERED

3 MAY 12 2021 4 5 C CL enE tR raK l U D. iS st. r B icA t N ofK CR aU liP foT rC nY ia COURT BY c r a i g DEPUTY CLERK 6

7 8

10 UNITED STATES BANKRUPTCY COURT 11 CENTRAL DISTRICT OF CALIFORNIA 12 RIVERSIDE DIVISION 13

14 In re: Case No.: 6:18-bk-16831-MH

15 YOUNG JIN YOON Chapter: 7 16 Debtor Adv. No.: 6:18-ap-01210-MH 17 VIVIAN KIM aka MYOUNG SHIN KIM MEMORANDUM DECISION AND 18 ORDER GRANTING IN PART AND Plaintiff DENYING IN PART PLAINTIFF’S 19 v. MOTION FOR SUMMARY JUDGMENT 20 YOUNG JIN YOON, an individual, HYUN 21 MYUNG PARK aka HYUN M. PARK, and JOSHUA S. PARK aka JOSHUA SEUNGHUN 22 PARK aka JOSHUA PARK

23 Defendants 24

25 26 27 1 I. PROCEDURAL BACKGROUND1 2 3 On August 13, 2018, Young Jin Yoon (“Debtor”) filed a Chapter 7 voluntary petition, 4 commencing this above-captioned bankruptcy case. In his petition, Debtor listed $190,000 in 5 unsecured debt to Myoung Shin Kim a.k.a. Vivien Kim (“Plaintiff”). 6 7 On October 24, 2018, Plaintiff filed commenced adversary no. 6:18-ap-01210-MH by filing a 8 nondischargeability complaint (“Complaint”) against Debtor, Debtor’s wife, Hyun Myung Park 9 (“Wife”), and their son, Joshua Seunghun Park (“Son”) (collectively, “Defendants”). The first 10 two claims for relief were only against the Debtor for the nondischargeability of the $190,000 11 debt pursuant to 11 U.S.C. §§ 523(a)(2)(A) and (a)(6). The third, fourth, and fifth claims for 12 fraudulent transfer, declaratory relief, and injunctive relief were pled against all Defendants. 13 Defendants filed an answer on November 9, 2018. Plaintiff amended the Complaint on 14 November 28, 2018. [ECF Dkt. 10]. On October 4, 2019, Plaintiff and Defendant filed their 15 joint pre-trial stipulation. [ECF Dkt. 21, hereinafter, “Pretrial Stip”]. 16 17 On August 17, 2020, Plaintiff filed a motion for summary judgment on all causes of action, 18 except for the declaratory and injunctive relief causes of action. [ECF Dkt. 47]. The motion 19 included a declaration [ECF Dkt. 47-1] (hereinafter, “Pl.’s Decl.”), an exhibit showing copies of 20 bank statements and checks [ECF Dkt. 47-1] (hereinafter, “Pl.’s Ex. 1), and a statement of 21 undisputed facts pursuant to LBR 7056-1(b)(2) [ECF Dkt. 47-2] (hereinafter, “Pl.’s Stmt.”).2 22 Plaintiff also filed a request for judicial notice [ECF Dkt. 48] attaching copies of the joint pretrial 23 stipulation, Plaintiff’s trial exhibits 1-30, and Defendants’ trial exhibit 4 (hereinafter, “Pl.’s Tr. 24 Ex.” or “Def.’s Tr. Ex.”). Defendants filed an opposition on November 3, 2020. [ECF Dkt. 51]. 25 1 Only the directly relevant pleadings have been included herein. 26 2 The Court notes there was no proof of service of process attached to the motion, however, Defendants responded 27 and did not object. 1 As Plaintiff pointed out in her reply [ECF Dkt. 52], filed on November 5, 2020, the opposition 2 contained no evidence, whether in the form of declarations, a statement of disputed facts, or 3 exhibits. Because of the lack of evidence, the legal arguments in the opposition were recitations 4 of legal conclusions and did not raise any issue of law to challenge Plaintiff’s position. 5 Additionally, the opposition was filed seven days late. 6 7 At the hearing on the motion on November 18, 2020, the Court closed the evidentiary record as 8 the deadline to file had passed on October 28, 2020. The hearing was continued for 9 supplemental briefing on the issues of jurisdiction and standing with respect to the fraudulent 10 transfer action. Plaintiff filed her brief timely on December 31, 2020. [ECF Dkt. 58]. 11 Defendants filed their opposition one day late on January 14, 2021. [ECF Dkt. 60]. Plaintiff 12 filed a reply on February 1, 2021, twelve days after the deadline, stating that she had filed an 13 action in state court, which has been stayed pending the Court’s exercise of jurisdiction. [ECF 14 Dkt. 61]. 15 16 II. UNDISPUTED FACTS3 17 18 Debtor and Wife imported and sold a well-known brand of plum extract from Korea through 19 their business, JSM, Inc. (“JSM”) [Pl.’s Decl. ¶ 3]. Plaintiff often purchased their plum extract. 20 [Pl.’s Stmt. No. 54]. JSM’s products were displayed and sold in Korean supermarkets and shops 21 in Los Angeles through the summer of 2018. [Pl.’s Decl. ¶ 3]. Plaintiff has known Debtor and 22 Wife since 2008. Id. In 2014, Debtor and Wife came to Plaintiff’s office, and Wife asked to 23 borrow money to purchase plum extract products from Korea for Debtor and Wife’s business. 24 [Id. at ¶ 4]. Plaintiff loaned them $60,000, and Debtor and Wife began coming to Plaintiff twice 25 a year to borrow money, stating they needed the loans to purchase the plum extract. [Id. at ¶ 4, 26 3 As Defendants did not point to, nor provide any evidence to the contrary, Plaintiff has established that the facts in 27 this section are undisputed. 1 5]. Although Wife did most of the communicating, Debtor always accompanied her and agreed 2 that the loans from Plaintiff would be used for importing goods from Korea. [Pl.’s Decl. ¶ 16, 3 Pretrial Stip., Pg. 22 ¶ 269]. For each loan, per Debtor and Wife’s request, Plaintiff gave Debtor 4 and Wife several checks with the payee line blank allowing them to use their discretion as to 5 whom the checks should be made out to. [Pl.’s Stmt. Nos. 39-43]. In return, Debtor and Wife 6 gave Plaintiff post-dated checks, usually drawn on JSM’s account. [Id. at 44-45]. 7 8 The debt at issue arises from oral contracts for three loans borrowed on April 25, 2017, 9 November 16, 2017, and May 1, 2018, each loan in the amount of $100,000. [Id. at 23-26]. As 10 of the petition date, the Debtor and Wife still owed $100,000 on the May 1, 2018 loan, $67,500 11 on the November 16, 2017 loan, and $25,000 on the April 25, 2017 loan, totaling $190,000. 12 [Pl.’s Stmt. Nos. 29-33; Pretrial Stip., Pg. 5 ¶ 29, Pg. 7 ¶ 57, Pg. 8 ¶ 75]. 13 14 Plaintiff made these three loans to Debtor and Wife only because of their statements that the loan 15 proceeds would be used to import plum extract from Korea through their business, JSM, Inc. 16 [Pl.’s Stmt. Nos. 50, 52, 85; Pl.’s Decl. ¶ 17]. Although JSM was an active cooperation at the 17 time Plaintiff made the loans, JSM was winding down its business. [Pl.’s Stmt. Nos. 55, 59, 63, 18 68, 70, 71]. More importantly, however, JSM stopped purchasing products sometime before 19 June 2017, yet Debtor and Wife continued to borrow money from Plaintiff for the stated purpose 20 of purchasing plum extract. [Pl.’s Stmt. No. 63; Pretrial Stip., Pg. 26 ¶¶ 351, 353]. By either 21 January or February 2018, JSM no longer kept any inventory in its warehouse. [Pl.’s Stmt. No. 22 68]. By March 2018, JSM completely ceased all business activities. [Id. at 70-71]. On August 23 6, 2018, one week prior to the petition date, JSM was dissolved. [Id. at 77-78]. 24 25 Plaintiff did not know that JSM was in the process of ceasing its operations. [Id. at 61, 66]. 26 Debtor and Wife never told Plaintiff that the business was suffering or that they were planning 27 on closing JSM. [Id. at 60, 65]. Additionally, as JSM’s products were still on display at the time 1 of the last loan on May 1, 2018, Plaintiff had no reason to believe JSM was not actively doing 2 business. [Id. at 72]. 3 4 None of the Plaintiff’s loans were used to purchase JSM products. [Id. at 75, 76]. Specifically, 5 of the three outstanding loans, the loans from November 16, 2017 and May 1, 2018 were not 6 used to purchase plum extract. [Id. at 73, 74]. Instead they were used as cash deposits for 7 Debtor and Wife. [Id. at 80-82]. Prior to dissolving JSM, Debtor emptied its account. [Pl.’s 8 Stmt. ¶ 79; Pl. Tr. Ex. 16-19]. Debtor distributed $26,630 to himself and $93,000 to Wife 9 between May and June 2018. [Pl.’s Stmt. Nos. 80-81; Pl. Tr. Ex. 16-39:42].

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