Compton

Compton v. Swanson

Good Law
57 F. App'x 302
United States Court of Appeals for the Ninth CircuitJanuary 16, 2003No. 01-35905; D.C. No. CV-00-00319-A-JKSCalifornia645 words

Opinion

Lead Opinion

MEMORANDUM **

Ronald D. Swanson and his wife Dixie C. Swanson appeal pro se the district court’s judgment affirming the bankruptcy court’s findings of fact and conclusions of law following a bench trial. We have jurisdiction under 28 U.S.C. § 158 (d). We review de novo the district court’s decision, and we review de novo the bankruptcy court’s conclusions of law and for clear error its findings of fact. Eskanos & Adler, P.C. v. Leetien, 309 F.3d 1210,1213 (9th Cir.2002). We affirm.

This appeal arises from an adversary proceeding commenced by the Chapter 7 Trustee of debtors RaeJean Bonham and her two shell corporations, World Plus, Inc. CWPI”) and Atlantic Pacific Funding Corporation (“APFC”), through which Bonham operated a Ponzi scheme. The Chapter 7 Trustee alleged that the Swan-sons accepted payments from APFC that constituted fraudulent conveyances. The bankruptcy court found that the Swansons had not acted in good faith, and therefore ordered that they repay the amount of the fraudulent conveyances.

The Swansons’ principal contention is that the substantive consolidation of Bonham’s personal bankruptcy estate with WPI and APFC was erroneous. This contention is precluded…

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