Legal Opinion
Magill v. Springfield Marine Bank (In Re Heissinger Resources Ltd.)
District Court, C.D. Illinois
Decided November 24, 1986No. 85-3191PublishedCited by 19 opinions
1Opinion of the Court
OPINION AND ORDER
MILLS, District Judge:
The law favors compromise.
Did the bankruptcy judge abuse his discretion in approving the settlement?
The short answer: No.
Here, we review the bankruptcy court’s approval of a settlement proposed by the trustee in bankruptcy of Heissinger Resources, Ltd. (Heissinger), a company which operated oil wells in Clay and Brown Counties in Illinois.
Heissinger filed a petition in bankruptcy under Chapter 7 of the U.S. Bankruptcy Code on April 5, 1983. Both here and in the bankruptcy court, appellants claim to have interests in the oil wells and equipment that are…
2Cases cited15 opinions
- Protective Committee for Independent Stockholders of TMT Trailer Ferry, Inc. v. AndersonSupreme Court of the United States · 1968
- In Re Grant CompanyCourt of Appeals for the Second Circuit · 1983
- Fed. Sec. L. Rep. P 93,547 Arthur Newman v. Howard M. Stein, and Morrie Benson and Rose Lerman, Objectants-AppellantsCourt of Appeals for the Second Circuit · 1972
- In Re Flight Transportation Corporation Securities LitigationCourt of Appeals for the Eighth Circuit · 1984
- Drexel v. LoomisCourt of Appeals for the Eighth Circuit · 1929
10 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- In Re Texaco Inc.United States Bankruptcy Court, S.D. New York · 1988
- In Re Drexel Burnham Lambert Group, Inc.United States Bankruptcy Court, S.D. New York · 1992
- In Re Washington Mutual, Inc.United States Bankruptcy Court, D. Delaware · 2011
- In Re CarsonUnited States Bankruptcy Court, S.D. Ohio · 1987
- Mavrode v. Mavrode (In Re Mavrode )United States Bankruptcy Court, D. New Jersey · 1997
14 more not listed; retrieve them via the Exa API.