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IN RE SUNG SOO RIM IRREVOCABLE INTERVIVOS TRUST

Bankruptcy No. LA-94-31034-LF.

177 B.R. 673 (1995)

In re SUNG SOO RIM IRREVOCABLE INTERVIVOS TRUST, Debtor.

United States Bankruptcy Court, C.D. California.

January 18, 1995.

Attorney(s) appearing for the Case

Adam J. Bass, William P. Fong, Buchalter, Nemer, Fields & Younger, Los Angeles, CA, for Long Beach Bank, F.S.B.

Lawrence R. Young, Law Offices of Lawrence Young, Downey, CA, for debtor.

OPINION RE DISMISSAL OF CASE UNDER 11 U.S.C. § 109(d)

LISA HILL FENNING, Bankruptcy Judge.

The sole issue before this Court is whether a spendthrift trust qualifies as an eligible debtor under 11 U.S.C. § 109(d).1 Because the trust in question was not created for business purposes and does not constitute a "business trust" under California law, this Court holds that it is not...

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