Legal Opinion
In the Matter of Deist Forest Products, Inc., Debtor-Appellant
Court of Appeals for the Seventh Circuit
Decided June 29, 1988No. 87-3159PublishedCited by 26 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Portage County Bank was a secured creditor of Deist Forest Products, a debtor in a bankruptcy proceeding. The court permitted Forest Products to surrender to the Bank some of the property securing the loan, and the court in 1984 declared the debt of about $300,000 satisfied — indeed, declared in 1986 that the property was worth $8,000 more than the amount of the debt and ordered the Bank to pay that much to Forest Products (it did). The Bank never accepted this “cram down”, and it realized less than the amount of principal and interest due when it sold the property.…
2Cases cited15 opinions
- Valley Forge Christian College v. Americans United for Separation of Church and State, Inc.Supreme Court of the United States · 1982
- Sierra Club v. MortonSupreme Court of the United States · 1972
- Steffel v. ThompsonSupreme Court of the United States · 1974
- Craig v. BorenSupreme Court of the United States · 1976
- Honig v. DoeSupreme Court of the United States · 1988
10 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Mid-State Fertilizer Co., Lasley Kimmel, and Maxine Kimmel v. Exchange National Bank of ChicagoCourt of Appeals for the Seventh Circuit · 1989
- In the Matter of Joseph ANDREUCCETTI and Noemi Andreuccetti, Debtors-AppellantsCourt of Appeals for the Seventh Circuit · 1992
- Mainstreet Organization of Realtors v. Calumet CityCourt of Appeals for the Seventh Circuit · 2007
- Alex Kush v. American States Insurance Co.Court of Appeals for the Seventh Circuit · 1988
- Secon Service System, Inc., A/K/A Yale Transport Corporation v. St. Joseph Bank and Trust Company and Jay ChodockCourt of Appeals for the Seventh Circuit · 1988
21 more not listed; retrieve them via the Exa API.