Legal Opinion
Illinois Department of Revenue v. Hanmi Bank
Court of Appeals for the Seventh Circuit
Decided July 9, 2018No. 17-1575; 17-2004PublishedCited by 3 opinions
1Opinion of the Court
Rovner, Circuit Judge.
The bankrupt businesses in both of these consolidated appeals had debts that far exceeded the value of their assets. The bankruptcy court authorized the sale of the firms' principal assets (several gasoline service stations and a movie theater and café), and those sales qualified as bulk sales under Illinois statutes we shall refer to as the Bulk Sales Provisions. Among other things, the Bulk Sales Provisions give the Illinois Department of Revenue ("IDOR") the right to pursue the purchaser in a bulk sale for state taxes owed by the seller. However, in order to…
2Cases cited19 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
- Barnhill v. JohnsonSupreme Court of the United States · 1992
- Toibb v. RadloffSupreme Court of the United States · 1991
- Wilmington Trust Co. v. AMR Corp. (In re AMR Corp.)District Court, S.D. New York · 2013
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3Cited by3 opinions
- In re WoodruffUnited States Bankruptcy Court, N.D. Illinois · 2019
- In re Kimball Hill, Inc., et al.United States Bankruptcy Court, N.D. Illinois · 2021
- McCleskey v. CWG Plastering, LLCCourt of Appeals for the Seventh Circuit · 2018