Booth v. Vaughan (In Re Booth)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that debt- or’s interest in profit-sharing plan and bonus payments to which the debtor might become entitled in the future were included in property of the debtor’s estate
• noting that courts have “almost uniformly adhered to the view that contingent property interests are property of the estate under § 514(a)(1)”
• observing that the holding in Sharp “would exclude all contingent interests from the bankruptcy estate, because by definition, a contingent interest is not ‘enforceable’ until the contingency is met”
• “According to the legislative history, the purpose of § 541(a) is to ‘bring anything of value that the debtors have into the estate.’ ”
• collecting cases holding that various contingent interests are property of the estate
• describing an assortment of contingent interests that come into the bankruptcy estate

Source: CourtListener parenthetical corpus (CC0).