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BELISLE v. PLUNKETT

No. 88-3189.

877 F.2d 512 (1989)

Ray J. BELISLE, et al., Plaintiffs-Appellants, v. Oliver PLUNKETT, Monica Plunkett, and Ralph C. Anzivino, Trustee, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided June 6, 1989.

Attorney(s) appearing for the Case

Morton J. Schmidt, Schmidt, Martz & Zodrow, Milwaukee, Wis., for plaintiffs-appellants.

Mark L. Metz, Reinhart, Boerner, Vandeuren, Norris & Rieselbach, Milwaukee, Wis., for Ralph C. Anzivino.

Thomas P. Shannon, Fox, Carpenter, O'Neill & Shannon, Morton J. Schmidt, Schmidt, Martz & Zodrow, Peter Blain, Reinhart, Boerner, Vandeuren, Norris & Rieselbach, Milwaukee, Wis., John G. Persa, Fox Point, Wis., for Oliver and Monica Plunkett.

Before BAUER, Chief Judge, and CUMMINGS and EASTERBROOK, Circuit Judges.

EASTERBROOK, Circuit Judge.

May the trustee in a bankruptcy case bring into the estate property that the debtor holds in constructive trust for victims of fraud? Oliver Plunkett organized partnerships that provided funds to buy a 50-year leasehold interest in a shopping center, Pan-Am Pavilion in Christiansted, St. Croix, Virgin Islands. Plunkett treated the leasehold as his own — including making a collateral assignment...

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