Legal Opinion
Lyons v. First Pennsylvania Bank (In Re Lyons)
United States Bankruptcy Court, N.D. Illinois
Decided February 15, 1985No. 19-05437PublishedCited by 23 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
ROBERT L. EISEN, Bankruptcy Judge.
At issue in this matter is whether a debt- or in a Chapter 7 bankruptcy proceeding may use subsections 506(a) and (d) of the Bankruptcy Code to render part or all of the mortgages on his principal residence an unsecured claim. For reasons set forth in this memorandum, it is determined that the debtor herein may do so.
FACTS
The debtors ("the Lyons”) filed their petition under Chapter 7 of the Bankruptcy Code on February 7, 1984. Listed on the Lyons’ schedules was a parcel of real estate located in Richton Park, Illinois, which is the…
2Cases cited6 opinions
- Tanner v. FinanceAmerica Consumer Discount Co. (In Re Tanner)United States Bankruptcy Court, W.D. Pennsylvania · 1981
- In Re MahanerUnited States Bankruptcy Court, W.D. New York · 1983
- Gibbs v. F & M Marquette National Bank (In Re Gibbs)United States Bankruptcy Court, D. Minnesota · 1984
- Geico Financial Services, Inc. v. Cordes (In Re Cordes)United States Bankruptcy Court, C.D. California · 1984
- Brace v. State Farm Mutual Automobile Insurance (In Re Brace)United States Bankruptcy Court, S.D. Ohio · 1983
1 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- Dewsnup v. Timm (In Re Dewsnup)United States Bankruptcy Court, D. Utah · 1988
- In Re ShrumUnited States Bankruptcy Court, W.D. Oklahoma · 1989
- O'Leary v. Oregon Ex Rel. Director of Veterans' Affairs (In Re O'Leary)United States Bankruptcy Court, D. Oregon · 1987
- Worrell v. Federal Land Bank of St. Louis (In Re Worrell)District Court, C.D. Illinois · 1986
- In Re JacksonUnited States Bankruptcy Court, N.D. Illinois · 1992
18 more not listed; retrieve them via the Exa API.