Reinhardt v. Prince

CourtUnited States Bankruptcy Court, E.D. Michigan
DecidedAugust 25, 2022
Docket22-02017
StatusUnknown

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

Bluebook
Reinhardt v. Prince, (Mich. 2022).

Opinion

NORTHERN DIVISION – BAY CITY

IN RE: Case No. 22-20558-dob CARRIE ANN REINHARDT Chapter 13 Proceeding AND TIMOTHY CONRAD REINHARDT, Hon. Daniel S. Opperman Debtors. ______________________________________/ CARRIE ANN REINHARDT, Plaintiff,

v. Adversary Proceeding Case No. 22-02017-dob WESTON PRINCE, Defendant. ______________________________________/

OPINION REGARDING DEFENDANT’S MOTION TO DISMISS OR FOR SUMMARY JUDGMENT

Introduction Plaintiff Carrie Reinhardt filed this adversary proceeding to avoid the transfer of her house at 323 S. Madison Avenue, Bay City, Michigan to Defendant Weston Prince, the Bay County Treasurer, because she alleges this transfer is a preference as defined by 11 U.S.C. § 547. Mr. Prince immediately filed a Motion to Dismiss or for Summary Judgment and requested an expedited hearing, which this Court partially granted. For the reasons stated in this Opinion, the procedural posture of this case directs the Court to deny the Motion to Dismiss or for Summary Judgment. Jurisdiction This Court has subject matter jurisdiction over this proceeding under 28 U.S.C. § 157, 28 U.S.C. § 1334, and E. D. Mich. LR 83.50(a). This is a core proceeding pursuant to 28 U.S.C. § 157(b)(2)(F) (proceedings to determine, avoid, or recover preferences). 1 Background Facts Plaintiff was the owner of 323 S. Madison Avenue, Bay City, Michigan (“Madison Avenue Property”). The real estate taxes on this property were not paid in 2019 and were returned to the Treasurer as delinquent on March 1, 2020. One year later, the Madison Avenue Property was forfeited to the Treasurer and in June 2021, a petition was filed with the Bay County Circuit Court for foreclosure of the tax lien. In February 2022, that Court held two hearings and entered a Judgment of Foreclosure vesting fee simple title to Mr. Prince1 if the Madison Avenue Property was not redeemed on or before March 31, 2022. The property taxes were not paid by that date, so

by operation of Michigan law, fee simple title to the Madison Avenue Property vested to Mr. Prince. On April 5, 2022, a Notice of Judgment of Foreclosure was duly recorded with the Bay County Register of Deeds. Plaintiff, along with her husband, Timothy, filed a petition seeking Chapter 13 relief on June 10, 2022 and filed the Complaint initiating this adversary proceeding on June 30, 2022. This Complaint alleges the following in paragraphs 14-31: 14. The Notice of Judgment Foreclosure forfeiting the Property to the Defendant was signed on April 1, 2022 (“the Transfer”).

15. The amount due and owing to the County as of the date of Bankruptcy Filing is approximately $5,649.50 in delinquent and current property taxes, interest and other penalties and fees.

16. On June 16, 2022, the Treasurer received service of Plaintiff’s Notice of Intention to Claim Interest in Foreclosure Sales Proceeds.

17. The Value of the Property as of the date of Bankruptcy Filing is approximately $76,700.00.

1 Mr. Prince is the current Treasurer for Bay County, Michigan and he is a party because of his official position. There are no allegations directed to Mr. Prince as an individual. For sake of brevity, any reference to Mr. Prince is only as the Treasurer of Bay County and not as an individual. 2 the Debtor was insolvent.

19. The Treasurer has not sold or otherwise transferred any interests in the Property as of the date of this Complaint.

CLAIM

20. Plaintiff incorporates the allegations contained in paragraphs 1-19 as though fully restated herein.

21. As more particularly described above, the County received the transfer of Debtor’s residence, the Property, which is valued at $76,700.00 for the County’s benefit in full satisfaction of approximately $5,649.50 in delinquent and current taxes, interest and penalties.

22. While the Treasurer may someday be obligated to return excess sales proceeds to the Plaintiff pursuant to MCL 211.78t, this statute also requires the Treasurer to receive a “sale commission equal to 5%” of the Property’s sale price in addition to the delinquent and current taxes, interest and penalties.

23. The Transfer of Property constituted transfers of interest in the property of the Debtor.

24. During the preference period, the Treasurer was the creditor of the Debtor for delinquent property taxes on the Property.

25. The Transfer described above was taken from the Debtor for the benefit of the Treasurer and operated to fully satisfy a debt owed by the Debtor to the Treasurer. Specifically, delinquent property taxes.

26. The Transfer was made for, or on account of, an antecedent debt or debts owed by the Debtor to the Treasurer before such transfers were made, each of which constituted a “debt” or “claim” (as those terms are defined in the Bankruptcy Code) of the Treasurer prior to the foreclosure of the Property by the Defendant.

27. The Transfer was made while the Debtor was insolvent. Plaintiff is entitled to the presumption of insolvency for any Transfer made during the preference period pursuant to 11 U.S.C. § 547(f).

28. The Transfer was in fact made during the preference period.

29. Because of the Transfer, the Treasurer received far more than it would have received if: (i) the Debtor’s case was under chapter 7 of the Code; (ii) the transfers had not been made; and (iii) the Township received payments of its debts under the provisions of the Bankruptcy Code. Specifically, the Treasurer received a Transfer of Property worth $76,700.00 in exchange for the extinguishment of $5,649.50 in delinquent taxes, current taxes, penalties and interest. Alternatively, 3 a 5% sales commission in addition to the $5,649.50 in delinquent taxes, current taxes, penalties and interest.

30. The Treasurer was the initial and final transferee of the Property during the preference period and was in fact the beneficiary of the Transfer.

31. Based upon the foregoing, Plaintiff is entitled to an order and judgment against the Treasurer: (i) avoiding the transfers under section 547(b) of the Code; and (ii) entitling Plaintiff to recover the transfer from the Treasurer under section 550(a) of the Code, together with the award of pre- and postjudgment interest thereon from the date of demand to the date of payment or other satisfaction of such order and judgment and the costs of this action.

Accordingly, Plaintiff seeks the following relief:

. . . avoiding the Transfer and directing Defendant to deed the property received Plaintiff [sic], pursuant to 11 U.S.C. §§ 547(b) and 550(a), plus interest from the date of demand at the maximum legal rate and to the fullest extent allowed by applicable law;

Statement of Authorities

Motion to Dismiss Rule 12(b)(6) Standard Under Federal Rule of Civil Procedure 12(b)(6), made applicable in this adversary proceeding by Federal Rule of Bankruptcy Procedure

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Reinhardt v. Prince, Counsel Stack Legal Research, https://law.counselstack.com/opinion/reinhardt-v-prince-mieb-2022.