v. Kane

BACKGROUND

I. KANE’S CHAPTER 7 PETITION

27 Kane is a professional hockey player who, at the time he filed for bankruptcy and the underlying motion was decided, played for the San Jose Sharks in the National Hockey League (“NHL”). See Appellant’s Excerpts of R. (“ER”) [Dkt. No. 5-1] 362. On January 9, 2021, he filed his Chapter 7 petition in the United States Bankruptcy Court for the Northern District of California, stating that he owned $10,224,743.65 in property and owed $30,191,340 in liabilities.2 See id.; see also ER at 009. Kane stated that his debts were not primarily consumer debts. Id. at 009. Kane later amended his Schedules A/B, D, E/F, and J. See id. at 076, 096. As amended, Kane reported that his primary assets included three residential properties: one in San Jose, California, valued at $3,000,000; one in Vancouver, British Columbia, valued at $2,860,000; and another in Vancouver valued at $2,400,000. Id. at 097-098. He also listed assets including $40,000 in household items, $20,000 in clothes, $12,000 in electronics, $8,000 in firearms, and $1,250 in miscellaneous sports equipment. Id. at 099-100.…