· 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
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
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