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IN RE HECKER

No. 11-3523.

703 F.3d 1112 (2013)

In re Dennis E. HECKER, Debtor. Dennis E. Hecker, Appellant v. Randall L. Seaver, Trustee, Appellee.

United States Court of Appeals, Eighth Circuit.

Filed: January 11, 2013.

Attorney(s) appearing for the Case

John R. Neve , argued, Evan H. Weiner , on the brief, Minneapolis, MN, for Appellant.

James M. Jorissen , argued, Matthew R. Burton , on the brief, Minneapolis, MN, for Appellee.

Before LOKEN, BEAM, and SMITH, Circuit Judges.

LOKEN, Circuit Judge.

In September 2005, GELCO Corporation ("GELCO") entered into a sales-commission agreement ("SCA") with Dennis Hecker and two of Hecker's companies whereby GELCO acquired vehicle fleet-leasing assets in exchange for $20 million plus a series of deferred, formula-based incentive payments. Hecker petitioned for protection under Chapter 7 of the Bankruptcy Code in June 2009, listing the SCA as non-exempt personal property with an estimated value of...

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