Legal Opinion
Settlers' Housing Service, Inc. v. Schaumburg Bank & Trust Co., N.A. (In re Settlers' Housing Service, Inc.)
United States Bankruptcy Court, N.D. Illinois
Decided June 30, 2014No. Bankruptcy No. 13-bk-28022; Adversary No. 13-ap-1328PublishedCited by 6 opinions
1Opinion of the Court
MEMORANDUM OPINION ON SCHAUMBURG BANK’S MOTION TO DISMISS
JACK B. SCHMETTERER, Bankruptcy Judge.
This Adversary proceeding arises out of and relates to the Chapter 11 case of Settlers’ Housing Service Inc. (“Settlers’ ”). Debtor-Plaintiff Settlers’ is an Illinois nonprofit dedicated to fulfilling the housing needs of recently arrived legal immigrants. Settlers’ ran into financial trouble as a result of an allegedly fraudulent transaction wherein it acquired some distressed properties through the Bank of *265Commerce. Schaumburg Bank and Trust, (“Schaumburg Bank” or the “Bank”), the successor in…
2Cases cited74 opinions
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- Gibson v. City of ChicagoCourt of Appeals for the Seventh Circuit · 1990
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3Cited by6 opinions
- Settlers' Housing Service, Inc. v. Schaumburg Bank & Trust Co. (In re Settlers' Housing Service, Inc.)United States Bankruptcy Court, N.D. Illinois · 2017
- Settlers' Housing Service, Inc. v. Bank of Schaumburg (In re Settlers' Housing Service, Inc.)United States Bankruptcy Court, N.D. Illinois · 2014
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- Metropolitan Capital Bank & Trust v. BarketDistrict Court, N.D. Illinois · 2025
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