Chiplease, Inc. v. Illinois (In Re Resource Technology Corp.)

MEMORANDUM OPINION AND ORDER

MATTHEW F. KENNELLY, District Judge.

Chiplease, Inc. appeals from a bankruptcy court order granting the State of Illinois an administrative claim against the Chapter 7 bankruptcy estate of Resource Technology Corporation (RTC). Illinois opposes Chiplease’s appeal and has cross-appealed seeking reversal of the bankruptcy court’s ruling to the extent that it did not include reimbursement for tax credits given prior to June 6, 2006 as part of Illinois’s allowed administrative claim. For the reasons set forth below, the Court affirms the bankruptcy court’s order.

Backgrou…