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IN RE SAMMONS

Bankruptcy No. 96-04230.

210 B.R. 197 (1997)

In re Curtis Mitchell SAMMONS, Debtor.

U.S. Bankruptcy Court, N.D. Florida, Pensacola Division.

April 30, 1997.

Attorney(s) appearing for the Case

Steven Bowden, Pensacola, FL, for Steve Anderson.

Amy L. Sliva, Pensacola, FL, for debtor.

John E. Venn, Jr., Pensacola, FL, Chapter 7 Trustee.

LEWIS M. KILLIAN, Jr., Bankruptcy Judge.

Findings of Fact

The debtor is a heavyweight boxer. On January 1, 1995, he entered into a contract with SMA Boxing, Inc. ("SMA"). The term of the contract is for the term of the debtor's professional boxing career. Regarding compensation, the contract provided that "Steve Anderson will pay Mitchell Sammons a $5,000.00 signing bonus and a salary of $40,000.00 a year for 1995 with semi-monthly payments as long as Sammons...

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