Nelson A Madsen and Sharon L Burns

CourtUnited States Bankruptcy Court, E.D. California
DecidedApril 27, 2022
Docket22-20157
StatusUnknown

This text of Nelson A Madsen and Sharon L Burns (Nelson A Madsen and Sharon L Burns) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, E.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Nelson A Madsen and Sharon L Burns, (Cal. 2022).

Opinion

1 2 FOR PUBLICATION 3 4 5 6 UNITED STATES BANKRUPTCY COURT 7 EASTERN DISTRICT OF CALIFORNIA 8 9 10 In re ) Case No. 22-20157-E-13 ) Docket Control No. KL-1 11 NELSON A. MADSEN and ) SHARON L. BURNS, ) 12 ) Debtors. ) 13 ) 14 15 MEMORANDUM OPINION AND DECISION 16 Tri Counties Bank (“Movant”) has filed its Motion for the court to enter an order pursuant 17 to 11 U.S.C. § 362(j) determinating that the automatic stay has been terminated pursuant to 18 11 U.S.C. § 362(c)(3)(A) with respect to the Debtor, for all property of the Bankruptcy Estate, and 19 in its entirety in this Bankruptcy Case.1 20 As addressed in this Decision, the court does not find the plain language used by Congress 21 in 11 U.S.C. § 362(c)(3) to be ambiguous as to the scope of the termination of the stay, and the 22 requested relief is denied.2 23 24 1 Motion, p. 2:7-17; Dckt. 33. 25 2 At the hearing, Counsel for Movant requested that the court bifurcate the conjunctive relief requested and issue an order stating that the stay terminated as to the Debtor only. When Counsel was 26 asked for what purpose was such relief requested, he could not state any reason or rights Movant would 27 seek to act on just with respect to the Debtor. Given that the acts sought to be taken are against property of the Bankruptcy Estate (foreclose on property of the Bankruptcy Estate), the court declined the request 28 to revise the conjunctive relief requested, there being no proper reason for such relief being provided. 1 DISCUSSION 2 On January 24, 2022, Debtor commenced the current Bankruptcy Case. Debtor had one prior 3 bankruptcy case (21-22819) that was pending and dismissed (January 10, 2022) within one year of 4 the commencement of the current Bankruptcy Case. 5 Congress addressed what it perceived as non-good faith repeat bankruptcy debtors as part 6 of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (“BAPCPA”), which 7 included enacting 11 U.S.C. § 362(c)(3) and (c)(4). In 11 U.S.C. § 362(c)(3)(A) Congress provides 8 for the termination of the automatic stay “with respect to the debtor” as follows [emphasis added]: 9 (3) if a single or joint case is filed by or against a debtor who is an individual in a case under chapter 7, 11, or 13, and if a single or joint case of the debtor was 10 pending within the preceding 1-year period but was dismissed, other than a case refiled under a chapter other than chapter 7 after dismissal under section 707(b)— 11 (A) the stay under subsection (a) with respect to any action taken with 12 respect to a debt or property securing such debt or with respect to any lease shall terminate with respect to the debtor on the 30th 13 day after the filing of the later case; . . . . 14 The plain language of this section states that the automatic stay with respect to a debt (obligation 15 owed by a debtor) and any property securing the debt shall terminate, but only terminate with 16 respect to the debtor after the expiration of the thirty (30) day period. No termination of the 17 automatic stay, other than with respect to the debtor, is provided in 11 U.S.C. § 362(c)(3)(A). 18 11 U.S.C. § 362(a) provides a series of automatic stay provisions which give rights and 19 protections to the debtor on the one hand, and the bankruptcy trustee, bankruptcy estate, and the 20 interests of creditors with unsecured claims or junior lien secured claims3 on the other hand.4 The 21 22 The court’s concerns included that if it were to issue an order granting relief “with respect to the Debtor” and then a non-lawyer representative of the Movant improperly believed that such was also 23 termination of the automatic stay as to property of the Bankruptcy Estate, then the court would be faced 24 with a situation where the Debtor, on behalf of the Bankruptcy Estate, would be asserting a claim for relief for knowing violation of the automatic stay. Then the court would be presented with determining 25 the amount of a corrective sanctions necessary to deter Movant from such knowing violation of the 11 U.S.C. § 362(a) statutory injunction on the future. 26 3 In the vast majority of cases, it is the class of creditors with unsecured claims that need the 27 protection of the automatic stay to protect the bankruptcy estate so that all of the value of the property of the bankruptcy estate can be obtained and there be a distribution to creditors with unsecured claims. 28 Without such protections, the creditors with secured claims could quickly strip the estate of property, 1 provision of 11 U.S.C. § 362(a) provide for specific and extensive statutory injunctive relief, stating 2 (different emphasis added for “debtor” and “property of the estate”): 3 [a] petition filed under section 301, 302, or 303 of this title . . . operates as a stay, 4 applicable to all entities, of— 5 (1) the commencement or continuation, of judicial, administrative, or other action or proceeding against the debtor which was or could have been commenced 6 prior to commencement of the bankruptcy case or recover a claim that arose prior to the commencement of the bankruptcy case; 7 (2) enforcement against the debtor or property of the estate a judgment obtained 8 before the commencement of the bankruptcy case; 9 (3) act to obtain possession of property of the bankruptcy estate, from the bankruptcy estate, or exercise control over property of the bankruptcy estate; 10 (4) act to create, perfect, or enforce any lien against property of the bankruptcy 11 estate; 12 (5) act to create, perfect, or enforce against property of the debtor any lien that secured a claim that arose before the commencement of the bankruptcy 13 case; 14 (6) act to collect, assess, or recover a claim against the debtor that arose before the commencement of the bankruptcy case; 15 (7) setoff any debt owing to the debtor that arose before the commencement of the 16 case against any claim against the debtor; 17 11 U.S.C. § 362(a)(1)-(7). 18 It is clear that Congress has created automatic stays which arise to benefit and protect several 19 different entities: (1) the debtor and (2) the bankruptcy estate, trustee, and creditors with unsecured 20 claims to be paid from the bankruptcy estate. In the plain language above, there is an automatic stay 21 created in paragraph (4) to protect property of the bankruptcy estate from the creation, perfection, 22 which foreclosure sales or lien sales may not result in recovering the fair market value of such property, 23 but only a distressed foreclosure or lien sale value. 24 In referencing this protected group of creditors - those with unsecured claims and those with 25 junior lien claims which may only be partially secured - the court references the group as “creditors with unsecured claims.” 26 4 Congress provides for even greater protection under the Bankruptcy Code beyond the debtor 27 and separately for bankruptcy estate, trustee, and creditors with unsecured claims, including 11 U.S.C.

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Bluebook (online)
Nelson A Madsen and Sharon L Burns, Counsel Stack Legal Research, https://law.counselstack.com/opinion/nelson-a-madsen-and-sharon-l-burns-caeb-2022.