Grayson
Grayson v. Tanaka
Opinion
Lead Opinion
MEMORANDUM *
Debtor-Appellant Ronald Grayson (“Grayson”) appeals the bankruptcy court’s order ruling him ineligible for Chapter 13 relief. We affirm.
Grayson qualifies as a Chapter 13 debtor only if, on the date he filed his bankruptcy petition, he owed less than $290,525 in noncontingent, liquidated, unsecured debts. See 11 U.S.C. § 109 (e); Revision of Certain Dollar Amounts in the Bankruptcy Code prescribed under section 104(b) of the Code, 66 Fed.Reg. 10910-02 (Feb. 20, 2001) (adjusting the debt limit under § 109(e) from $269,250 to $290,525). “The language of the statute clearly states that the amount of the debt is determined as of ‘the date of the filing of the petition.’ ” Slack v. Wilshire Ins. Co. (In re Slack), 187 F.3d 1070, 1073 (9th Cir.1999) (quoting 11 U.S.C. § 109 (e)). Therefore, in determining Chapter 13 eligibility, the “bankruptcy court cannot look to post-peti *542 tion events to determine the amount of the debt.” Id.
The fact that the King County Superior Court ordered Grayson to put the $230,087.53 of proceeds he had received from the three real estate contracts into a blocked trust account may have affected Grayson’s interest in the proceeds, but not…