Legal Opinion
In re Hayes
District Court, C.D. Illinois
Decided June 15, 1983No. Bankruptcy No. 382-00246PublishedCited by 1 opinion
1Opinion of the Court
OPINION AND ORDER
BASIL H. COUTRAKON, Bankruptcy Judge.
This case has been re-opened to hear a Motion by plaintiff-debtors to Determine the Status of the Claims of the Pleasant Plains State Bank, hereinafter Pleasant Plains, and of The Illinois National Bank of Springfield, hereinafter, the INB.
The problem arises from promissory notes signed by John L. Hayes and dated June 24, 1980 and August 8, 1980 in the amount of $2500.00 and $59,000.00 respectively. The proceeds of each note were to be used for business purposes. The following language allowed creditor Pleasant Plains to file a Complaint…
2Cases cited4 opinions
- McDonald v. CulhaneAppellate Court of Illinois · 1940
- Gould Construction Co. v. Industrial CommissionIllinois Supreme Court · 1924
- People Ex Rel. Abbey & Hall v. McDonoughIllinois Supreme Court · 1962
- Cutler Hammer Employees Credit Union v. BessAppellate Court of Illinois · 1972
3Cited by1 opinion
- United States v. JohannsU S Air Force Court of Military Review · 1983