OPINION AND ORDER AFFIRMING BANKRUPTCY COURT’S AUGUST 21, 2000 OPINION
Lynn D. Edmonds (the “Debtor”) appeals from an August 24, 2000 Opinion issued by Bankruptcy Judge Walter Shapero finding that the Debtor’s contingent future interest in profit sharing funds was property of the estate as of the petition date. For the reasons set forth be *829 low, the challenged August 24, 2000 Opinion is AFFIRMED.
I.Background
On December 15, 1999, the Debtor filed a voluntary bankruptcy petition under Chapter 7 of the United State Bankruptcy Code. On March 5, 2000 Debtor received a profit sharing check of $5,509.17 from Ford Motor Company under the Ford Motor Company Profit Sharing Plan for Hourly Employees in the United States. To receive a profit sharing payment under this plan, Ford must have profits for a given year and an employee must be employed by Ford at the end of the year.
On March 27, 2000, the acting Trustee Stuart A. Gold filed a Motion for Order Compelling Lynn Edmonds to Turnover Estate Property and Assessing Costs. In his Motion, the Trustee asserted that the profit sharing check is property of the bankruptcy estate. The Debtor maintained that the profit sharing check is not property of the bankruptcy estate. A hearing was held on the Trustee’s Motion on May 5, 2000 before the Honorable Walter Shapero. After both parties submitted briefs supporting their positions, Judge Shapero granted the Trustee’s Motion and held that the Debtor’s contingent future interest in the profit sharing check was property of the bankruptcy estate as of the petition date. {See Order of August 24, 2000). On or about October 6, 2000, the parties reached an agreement as to the amount of the profit sharing check to be turned over to the Trustee.
II.Standard of Review
A district court applies a clearly erroneous standard of review to bankruptcy court findings of fact, and plenary
de novo
review as to questions of law.
See In re Charfoos,
III.Analysis
Debtor argues that the profit sharing payment is not property of the estate because (1) he had no enforceable right to receive the payment under state law at the time of filing; and (2) he had no vested interest in the payment at the time of filing.
The Trustee counters that the profit sharing payment is property of the estate because it is a contingent contract right and such rights have long been held to be property of the bankruptcy estate.
The Bankruptcy Code provides that the property of the bankruptcy estate is comprised of “all legal or equitable interests of the debtor in property as of the commencement of the case.” 11 -U.S.C. § 541(a)(1) The legislative history of § 541(a) reveals that the statute’s purpose is to “bring anything of value that the debtors have into the estate.” H.R.Rep. No. 95-595, at 176 (1977), reprinted in 1978 U.S.C.C.A.N. 5963, 6136. Debtor’s interest in the profit sharing payment at the time of filing his bankruptcy petition was in the form of a contingent interest. In order for Debtor to receive the payment, certain contingencies had to be met: (1) Ford had to make a profit during 1999 and (2) Debtor had to be employed by Ford at the end of 1999.
The parties have cited no controlling case law specifically addressing the inclusion of a profit sharing payment in a bankruptcy estate. 1 However, a multitude of courts have addressed other contingent future interests and their inclusion in the bankruptcy estate.
*830
In a variety of situations, courts have “almost uniformly adhered to the view that contingent interests are property of the estate under § 541(a)(1).”
Booth v. Vaughan (In re Booth),
(1) Contingent interest in an earned income tax credit, even when the petition is filed before the end of the tax year. See Johnston v. Hazlett (In re Johnston),209 F.3d 611 , 612 (6th Cir.2000).
(2) Contingent claim against a third party. See Borock v Mathis (In Re Clipper Int’l Corp.),154 F.3d 565 , 567 (6th Cir.1998); In re Yonikus,996 F.2d 866 , 869 (7th Cir.1993).
(3) Contingent right to a postpetition employment termination payment under a prepetition employment contract. See Rau v. Ryerson (In re Ryerson),739 F.2d 1423 (9th Cir.1984).
(4) Right to receive property, contingent on surviving others. See Neuton v. Danning (In re Neuton),922 F.2d 1379 (9th Cir.1990).
(5) Attorney debtor’s right to legal fees under a contingent fee agreement with a client. See Jess v. Carey (In re Jess),169 F.3d 1204 (9th Cir.1999). 2
In deciding the above cases, courts have looked to a case decided under the Bankruptcy Act,
Segal v. Rochelle,
Debtor attempts to rebut this large volume of case law by arguing that he had no enforceable right to the profit sharing payment as of the fifing date.
See Sharp v. Dery,
Debtor also argues that the profit sharing payment is not property of the estate because he did not have a vested interest in the payment at the time of fifing. In furtherance of this argument, Debtor relies on
DeMarco v. Ohio Decorative Products, Inc.,
[t]he crucial inquiry, instead, is when those property interests come into existence. ... [A] future interest will not become a § 541 property right until it has, in effect, vested; or put another way, until the conditions that go to the creation of the right have been satisfied. DeMarco,1994 WL 59009 at *7.
However, the two cases on which
DeMarco
relied,
Rau v. Ryerson (In re Ryerson),
The Court agrees with the bankruptcy court that the Debtor’s profit sharing payment was sufficiently rooted in the pre-bankruptcy past so as to be included as property of the bankruptcy estate under § 541(a). The Ford Motor Company Profit Sharing Plan for Hourly Employees in the United States was entered into between the UAW and Ford in October of 1999, before Debtor filed her petition. Every day that Debtor worked during the 1999 calendar year contributed to the profitability of Ford, who used these profits to ultimately issue Debtor’s profit sharing payment. In addition, the agreement specifically utilized a mathematical formula 6 taking into account the days that Debtor worked during all of 1999, prebankruptcy and postbankruptcy, to determine the amount of the profit sharing payment. As of the fifing of the petition in bankruptcy on December 15, plaintiff had worked all but a few of the days necessary to become entitled to his profit sharing based upon the formula, which was not subject to change. In that the profit sharing payment is sufficiently rooted in the prebank-ruptcy past, the payment is property of the estate under § 541(a).
TV. Conclusion
For the reasons set forth above, the challenged August 24, 2000 Opinion is hereby AFFIRMED.
Notes
. Appellant relies on
Sharp v. Dery,
. See Booth at 284 — 87 for a more comprehensive treatment of the various circumstances where a contingent interest was held to be property of the estate.
. Although Segal was decided under the Bankruptcy Act, "Section 541 [of the 1978 Bankruptcy Code] includes as property of the estate all forms of properly under former Section 70(a) of the Bankruptcy Act.” H.R. No. 95-595, 95th Cong., 1st Sess. (1977), p. 367-68; U.S.Code and Admin.News 1978, p. 5787, 6323-6324.
. As an unpublished decision, DeMarco has limited precedential value. See Salamalekis v. Comm’r of Soc. Sec., 221 F.3d 828, 833 (6th Cir.2000)
. "[T]he termination payments representing value for years of service completed prior to bankruptcy ... are 'sufficiently rooted in the prebankruptcy past'." Ryerson at 1426. "[T]he origin and the purpose of the Program payments ... are not sufficiently rooted in the 'prebankruptcy past to justify that they are included in the debtor's estate.” Bruneau at 6.
.A factor of 15.3431% was applied to Debt- or's eligible pay from 1999.