LOWELL E BASHAM

CourtUnited States Bankruptcy Court, D. Arizona
DecidedMay 25, 2023
Docket4:22-bk-01189
StatusUnknown

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

Bluebook
LOWELL E BASHAM, (Ark. 2023).

Opinion

Dated: May 25, 2023

Bendlo Perf □□□ — 2 Brenda Moody Whinery, Bankruptcy Judge 3 ee 4 5 6 7 UNITED STATES BANKRUPTCY COURT 8 DISTRICT OF ARIZONA 9 In re: Chapter 13 10] LOWELL E. BASHAM, Case No. 4:22-bk-01189-BMW 1] Debtor. RULING AND ORDER REGARDING 12 DEBTOR’S OBJECTION TO PROOF OI CLAIM 9-2 13 14 15 This matter is before the Court pursuant to Proof of Claim 9-2 (the “Claim’’) filed by Liz: Basham (“Ms. Basham’); the Debtor’s Objection to Proof of Claim 9 and Notice Thereon (th “Objection”) (DE 75)! filed by Lowell E. Basham (the “Debtor” and/or “Mr. Basham”); th 18] Response to Debtor’s Objection to Creditor Liza Basham’s Proof of Claim (DE 77) filed by Ms 19] Basham; and all filings related thereto. 20 On February 28, 2023, the parties filed their Joint Pretrial Statement (DE 93), and o1 21] March 30, 2023, the Court held an evidentiary hearing regarding this matter (the “Evidentiar Hearing”), at which time the parties presented evidence and testimony. Thereafter, the partie 23 | submitted post-trial briefs,? and on May 8, 2023, the Court took this matter under advisement. 24 Based on the pleadings, arguments of counsel, testimony offered, exhibits admitted int 25 | evidence, and entire record before the Court, the Court now issues its ruling. 26 27 ' References to “DE” are references to the bankruptcy docket. 28 2 DE 100 and DE 101.

1 I. Jurisdiction 2 This is a core proceeding over which this Court has jurisdiction to enter final orders. 3 28 U.S.C. §§ 1334, 157(b)(2)(A), 157(b)(2)(B), 157(b)(2)(K). No party contests this Court’s 4 jurisdiction or authority to enter final orders with respect to this matter. 5 The following constitute the Court’s findings of fact and conclusions of law pursuant to 6 Federal Rule of Civil Procedure 52, made applicable to this proceeding by Federal Rules of 7 Bankruptcy Procedure 7052 and 9014(c). 8 II. Facts and Procedural Posture 9 The parties were married in 2012 and have two minor children. (3/30/2023 Tr. 74:6-9). 10 While the parties were married, they opened a heating and cooling business known as 11 Basham Heating and Cooling, LLC (the “Business”). (3/30/2023 Tr. 13:18-25). The Debtor was 12 an HVAC contractor for the Business and Ms. Basham worked as an office manager. (TE C at 13 1).3 14 In 2018, the Debtors’ gross annual income was approximately $277,000.00, $24,000.00 15 of which was earned by Ms. Basham. (TE C at 2; 3/30/2023 Tr. 78:5-22). 16 On January 23, 2019, the Debtor filed a petition seeking dissolution of the parties’ 17 marriage (the “Petition for Dissolution”) (TE A). 18 Included in the Petition for Dissolution is the following statement, which statement was 19 verified by the Debtor: “Spousal Maintenance: Respondent is in need of or entitled to Spousal 20 Maintenance as she is the custodian of children whose age is such that she should not be required 21 to work outside the home until the child is older.” (TE A at 5, ¶ 18). 22 On February 12, 2019, the Pima County Superior Court judge presiding over the divorce 23 proceedings entered temporary orders (the “Temporary Orders”), which orders were stipulated 24 to by the parties. (TE B). 25 The Temporary Orders required the Debtor to pay Ms. Basham “family support in the 26 amount of $9,000.00 per month . . . .” (TE B at 2, ¶ 10). The Temporary Orders also provided 27 that Ms. Basham would no longer be considered an employee of the Business effective March 1, 28 1 2019. (TE B at 2, ¶ 11). None of the Temporary Orders explicitly addressed the allocation of 2 schooling, extracurricular, or medical expenses for the parties’ minor children. (See TE B). 3 After the Temporary Orders were issued, the Debtor offered to settle the case by paying 4 Ms. Basham $9,000.00 per month for four years to compensate her for what he believed to be 5 one-half of the marital assets. (3/30/2023 Tr. 14:21-16:4; TE 14). Through his attorney, the 6 Debtor explained his belief that the proposed monthly payment “when considered as gross 7 income . . . would ameliorate the need for spousal maintenance altogether.” (TE 1 at 2). 8 Ms. Basham presented a counter-offer, which proposed an adjustment to the Debtor’s 9 proposed “buyout.” (See TE 25). Through counsel, Ms. Basham agreed that the buyout being 10 negotiated would “negate[] [her] claim for spousal maintenance[.]” (TE 2 at 005). 11 The parties ultimately reached an agreement, which was incorporated into the Consent 12 Decree of Dissolution of Marriage With Minor Children (the “Divorce Decree”) (TE 3) that was 13 entered by the state court on January 17, 2020.6 14 The Divorce Decree provides in part: “As and for a buyout of [Ms. Basham’s] share of 15 the [Debtor’s] business, which should be $471,000.00 minus certain other community 16 expenditures, the [Debtor] will give [Ms. Basham] a judgment in the amount of $387,000.00 17 which will be paid at the rate of $9,000.00 per month for 43 months starting December 1, 2019” 18 (hereinafter, the “Equalization Payment”). (TE 3 at 012-013, § 7.a.iii). 19 The Divorce Decree also includes an award of child support to be paid to Ms. Basham and 20 a statement that “[n]either party is in need of nor entitled to spousal maintenance.” (TE 3 at 011- 21 012, §§ 3-4). 22 Ms. Basham testified that it was her understanding that the family support portion of the 23 Temporary Orders was renamed an equalization payment in the Divorce Decree. (3/30/2023 Tr. 24 77:5-16). In other words, it was her understanding that the Equalization Payment was in lieu of 25 spousal maintenance in the sense that she would be able to use the installment payments she 26 would be receiving to pay ongoing living expenses. (3/30/2023 Tr. 65:13-20, 80:2-9). Ms. 27 4 TE 1 was also admitted as Ms. Basham’s Exhibit D. 28 5 TE 2 was also admitted as Ms. Basham’s Exhibit E. 1 Basham further testified that it was her understanding that she could have requested extra spousal 2 maintenance, but that given the amount of the Equalization Payment, which amount she believed 3 would cover expenses related to her self-maintenance, she declined to do so. (3/30/2023 Tr. 4 65:21-66:11). 5 The Debtor testified that it was his understanding no portion of the Equalization Payment 6 was intended to represent spousal maintenance. (3/30/2023 Tr. 18:25-19:3). Rather, in his view, 7 the Equalization Payment represents a property settlement. (See 3/30/2023 Tr. 14:1-15:22). 8 With respect to the financial condition of the parties, during calendar years 2019 and 2020, 9 when the divorce proceedings were pending, the Debtor had gross annual income of 10 approximately $310,000.00 and $450,000.00, respectively. (DE 1 at 38; 3/30/2023 Tr. 32:1-25). 11 During those same calendar years, Ms. Basham had gross annual income of approximately 12 $7,200.00 and $3,600.00, respectively. (TE G at 1, 25; 3/30/2023 Tr. 80:24-83:10). 13 In the years following the parties’ divorce, Ms. Basham has primarily been a stay-at-home 14 parent and full-time student. (See 3/30/2023 Tr. 107:13-19). She testified that she has had to 15 withdraw funds from her IRA to pay living expenses, and that her annual income has been less 16 than $24,000.00 in every year since the Petition for Dissolution was filed. (3/30/2023 Tr. 78:5- 17 79:3, 86:16-23). 18 The Debtor, on the other hand, reports gross annual income of anywhere between 19 approximately $140,000.00 and approximately $450,000.00 following the entry of the Divorce 20 Decree. (DE 1 at 38; DE 13-1 at 13; TE Y; 3/30/2023 Tr. 31:20-32:13). 21 With respect to health care costs for the parties’ minor children, the Divorce Decree 22 provides in relevant part:

23 i.

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