by Dan Sugrue | Nov 26, 2012 | Bankruptcy Law
A last ditch effort at private mediation failed on Tuesday, setting Hostess on a course for liquidation, assuming the bankruptcy court does not grant pending objections to the plan submitted by Hostess. Here’s the story:...
by Dan Sugrue | Aug 8, 2012 | Bankruptcy Law, General Legal
The U.S. Bankruptcy court for the Northern District of Illinois ruled in the case of City of Chicago v. Norman Paul Wexler, 12 A 338, that the Chapter 7 trustee could not intervene in the adversary proceeding filed by the City of Chicago against the debtor, Norman...
by Dan Sugrue | Jul 18, 2012 | Bankruptcy Law
In Aurora Loan Services v. Pajor, 2012 Ill.App3d 110899, the Appelate court upheld a denial of defendant’s 2-1401 motion to vacate a foreclosure judgment because 1) there were no new facts not already in the record on appeal which necessitated the motion and 2)...
by Dan Sugrue | Mar 22, 2012 | Bankruptcy Law, General Legal
In re: Olde Prairie Block Owner, LLC, 10 B 22668, involves a single asset case where a secured creditor is asking the Court to lift the automatic stay and grant the secured creditor’s motion to dismiss to allow it to proceed with its foreclosure action against...
