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· 10/27/1988

In the Matter of Donald J. Booth and Carolyn B. Booth, Debtors. Donald J. Booth and Carolyn B. Booth

Citations

  • 858 F.2d 1051
  • 19 Collier Bankr. Cas. 2d 1284
  • 101 A.L.R. Fed. 763
  • 1988 U.S. App. LEXIS 14473
  • 18 Bankr. Ct. Dec. (CRR) 863
  • 1988 WL 104642

How courts have described this case

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

  • finding that debt secured by real property may be considered consumer debt for purposes of evaluating dismissal under Section 707(b)
  • stating that “ ‘primarily’ suggests an overall ratio of consumer to non-consumer debts of over fifty percent ... consumer debts should be evaluated not only by amount, but by their relative number”
  • adopting a test of consumer debts that focuses on the profit motive behind the transaction, not the secured status of the debt
  • discussing legislative history to definition of consumer debt, which was originally codified as section 101(7) of the Code and subsequently renumbered
  • discussing legislative history to definition of consumer debt, which was originally codified as section 101(7) of the Code and subsequently renumbered
  • if mortgage is based upon “credit transaction involv[ing] a profit motive, it is outside the definition of consumer credit.”

Source: CourtListener parenthetical corpus (CC0).

Judges: Clark, Johnson, Jolly

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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.