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IN RE MOORHOUS

Bankruptcy No. 94-10003-AM. Adv. No. 94-1112.

180 B.R. 138 (1995)

In re Dudley M. MOORHOUS, Jr., Debtor. Earl DORFMAN, et al., Plaintiffs, v. Dudley M. MOORHOUS, Jr., et al., Defendants.

United States Bankruptcy Court, E.D. Virginia, Alexandria Division.

April 6, 1995.

Attorney(s) appearing for the Case

Sari Karson Kurland, Washington, DC, Darden Hutson of Hutson & Nuzzo, Arlington, VA, for plaintiffs.

Howard I. Rubin of Gold & Stanley, P.C., Alexandria, VA, for debtor/defendants.

Robert K. Coulter, Asst. U.S. Atty., Civil Office of the U.S. Atty., E.D. VA, Alexandria, VA, for U.S.

MEMORANDUM OPINION

STEPHEN S. MITCHELL, Bankruptcy Judge.

This case presents an issue of first impression as to whether a retired officer of the Air Force may effectively sell a fixed number of future monthly payments of his military retired pay to which he is entitled so that title to those payments is vested in the assignee. The question arises because the debtor entered into a financial transaction structured in just such a manner but subsequently filed...

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