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Lawrence v. Commonwealth of Ky. Transp. Cabinet (In re Shelbyville Rd. Shoppes LLC)

Lawrence v. Commonwealth of Ky. Transp. Cabinet (In re Shelbyville Rd. Shoppes LLC)

Ruling
Good faith, prepetition deposit by debtor under real estate purchase contract was not property of the estate.
Issue(s)
Whether a chapter 7 bankruptcy debtor's trustee can bring into the bankruptcy estate a "good faith" deposit made by the debtor's assignor with respect to a proposed real estate purchase?

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on January 05, 2015 , LexisNexis #0115-087