Larry Carson Hale, Jr. v. Eighteen Ninety-Six, LLC

CourtUnited States Bankruptcy Court, N.D. Georgia
DecidedFebruary 23, 2026
Docket25-04012
StatusUnknown

This text of Larry Carson Hale, Jr. v. Eighteen Ninety-Six, LLC (Larry Carson Hale, Jr. v. Eighteen Ninety-Six, LLC) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, N.D. Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Larry Carson Hale, Jr. v. Eighteen Ninety-Six, LLC, (Ga. 2026).

Opinion

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IT IS ORDERED as set forth below: bisreics

Date: February 23, 2026 Lh \/ Barbara Ellis-Monro U.S. Bankruptcy Court Judge

UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF GEORGIA ROME DIVISION

LARRY CARSON HALE, JR., ! CASE NO. 25-40120-BEM Debtor. CHAPTER 11 LARRY CARSON HALE, JR, : Plaintiff, ADVERSARY PROCEEDING NO. 25-4012-BEM EIGHTEEN NINETY-SIX, LLC, : Defendant. ORDER Debtor-Plaintiff Larry Carson Hale, Jr. (“Hale”) initiated this proceeding by filing a complaint on November 6, 2025 [Doc. 1], and an amended complaint on December 15, 2025 [Doc. 5]. In the amended complaint, Hale asserts claims against Eighteen Ninety-Six, LLC (“ENS”) for (1) avoidance of transfers under 11 U.S.C. § 544(b), O.C.G.A. § 18-2-75(a), and Tenn.

Code § 66-3-306(a); (2) alternatively, avoidance of transfers under 11 U.S.C. § 548(a)(1)(B); (3) recovery of avoided transfers under § 550; (4) preservation of avoided transfers under § 551; (5) unjust enrichment; (6) alternatively, quantum meruit; and (7) attorney fees. ENS filed a Motion to Dismiss or, in the Alternate, Abstain (the “Motion to Dismiss”) [Doc. 7], in which it seeks to dismiss this proceeding as barred by the doctrines of claim splitting and prior pending action and

for failure to state a claim for relief. Alternatively, ENS asks the Court to abstain from hearing counts 5, 6, and 7. Hale filed a response to the Motion to Dismiss [Doc. 8], and ENS filed a reply [Doc. 9]. Having considered the factual allegations, the applicable authorities, and the arguments of the parties, the Court will grant the Motion to Dismiss. I. Factual Allegations Hale filed a Chapter 11 petition on January 30, 2025. [Doc. 5 ¶ 9]. On February 24, 2020, Hale entered into a Land Sale Contract (the “Contract”) to purchase 101 S. Court Square, Livingston, Tennessee (the “Property”). [Id. ¶ 10]. The purchase price was listed as $350,000, with a down payment required at the time of closing of $35,000, leaving a balance of $315,000. [Id. ¶

11]. The balance of the purchase price was to be paid in 180 monthly installments of $2,573.82, with a balloon payment to be paid by February 28, 2025. [Id. ¶ 12]. Upon completion of the payment, title to the Property would vest in Hale. [Id. ¶ 13]. At the time of closing on the Contract, the Property only had two tenants, with a total monthly rental income of $1,550. [Id. ¶ 14]. In practice, Hale made payments under the Contract on a quarterly basis, which were accepted by ENS without any issue or assertion of breach of the Contract. [Id. ¶ 15]. Between 2020 and 2022, Hale paid ENS approximately $123,552 of the total purchase price. [Id. ¶ 16]. In 2023, Hale missed payments for quarters 1 and 2 of the year due to Hale’s split from his former business partners. [Id. ¶ 17]. The parties reached an agreement as to the payments due for the first two quarters of 2023, and Hale made the payments for quarters 3 and 4 of 2023. [Id. ¶ 18]. Hale further made all payments due for quarters 1 through 3 of 2024. [Id. ¶ 19]. Due to continued financial struggles that precipitated the filing of the bankruptcy case, Hale and ENS entered into an amendment to the Contract on November 26, 2024 (the

“Amendment”). [Id.]. Under the Amendment, the parties agreed to delay the calling of the loan until the expiration of the original Contract with no further interest or principal payments being due. [Id. ¶ 20]. As consideration for the discontinued payments, Hale agreed to increase the balloon payment due on February 28, 2025 to $325,000. [Id. ¶ 21]. The Property is a building that is approximately 129 years old. [Id. ¶ 22]. Upon execution of the Contract, the Property appeared in good condition cosmetically. [Id. ¶ 23]. After closing on the Contract, Hale learned the Property needed a substantial amount of work structurally. [Id. ¶ 24]. Hale performed significant work on the Property so that it could be safely rented and generate income, including: (1) installing concrete pylons to replace temporary metal

stands that were rusted and corroded; (2) adding plastic, sand, and fans under the building to control moisture issues; (3) adding a hard-wired camera system and a specialized numbered key system for security; and (4) performing work on the various units in the property to make them usable for tenants. [Id. ¶ 25-26]. On information and belief, Hale estimates he has invested no less than $377,872.26 into the Property, including $159,087.80 from January 30, 2021 to January 30, 2023 and $140,791.06 between January 31, 2023 and January 29, 2025. [Id. ¶ 28, 29]. Because of Hale’s improvements to the Property, it now generates more than $5,000 per month in rents and has an estimated value of $779,000. [Id. ¶ 30]. As title owner of the Property, ENS has received a substantial benefit from Hale’s work and monetary investments. [Id. ¶ 31]. Hale filed the bankruptcy case because of his continued financial struggles. [Id. ¶ 32]. In Hale’s original Schedules filed on February 26, 2025, he listed himself as owning the Property in Schedule A/B and listed ENS as a creditor secured by the Property in Schedule D, as

Hale believed title had been transferred into his name. [Id. ¶ 33]. After further review, Hale discovered he was not on the title to the Property. [Id. ¶ 34]. Accordingly, Hale amended the Schedules removing the Property from Schedule A/B, adding Hale’s claims against ENS to Schedule A/B, removing ENS from the list of secured creditors, and adding the Contract to Schedule G. [Id. ¶ 35]. On April 18, 2025, ENS filed a proof of claim for $325,000. [Id. ¶ 36]. On May 2, 2025, ENS filed a Motion for Relief from Stay to retake possession of the Property. [Id. ¶ 37]. On May 28, 2025, a consent order was entered that contemplated consummation of the Contract and Amendment on or before August 18, 2025 (the “Consent Order”). [Id. ¶ 38]. Under the Consent

Order, Hale was to pay ENS monthly interest payments on the $325,000 balloon payment from the Amendment, amounting to $2,302.08 for the period of March 1, 2025 through the closing date. [Id. ¶ 39]. Hale also was to reimburse ENS for certain expenses, including property insurance and taxes. [Id. ¶ 40]. Hale further agreed to pay ENS’s attorney fees accrued up to the closing. [Id. ¶ 41]. Hale was to use the proceeds from the sale of his other real property, including the sale of 103 and 105 East Court Square, Livingston, Tennessee, to pay the balance of the purchase price. [Id. ¶ 42]. The total Hale would be required to pay, not considering interest payments, ENS’s attorney fees, and 2024 property taxes, would have been $331,149.03. [Id. ¶ 43]. Since then, Hale made further payments to ENS totaling $12,249.32. [Id. ¶ 44]. Hale was unable to consummate the Contract as contemplated by the Consent Order because the proceeds from the sale of 103 and 105 E. Court Square were insufficient to close. [Id. ¶ 45]. When Hale learned the sale would not generate sufficient proceeds to consummate the Contract, he attempted to negotiate an extension with ENS. [Id. ¶ 46]. The closing deadline passed, and ENS did not respond to Hale’s request for an extension. [Id. ¶ 47]. Instead, ENS filed an

Affidavit Regarding Default under the Consent Order on August 26, 2025, and obtained an order granting relief from the stay to terminate the Contract and to proceed with obtaining possession of the Property and control of the lease agreements for the Property. [Id. ¶ 48].

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Larry Carson Hale, Jr. v. Eighteen Ninety-Six, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/larry-carson-hale-jr-v-eighteen-ninety-six-llc-ganb-2026.