Stayner v. Village of Sugar Grove (In Re Stayner)
United States Bankruptcy Court, N.D. Illinois
1Opinion of the Court
MEMORANDUM OPINION ON DEFENDANT-BONDHOLDERS’ MOTION TO DISMISS COUNT I
JACK B. SCHMETTERER, Bankruptcy Judge.
INTRODUCTION
This Adversary proceeding relates to the bankruptcy case filed by debtors Vance A. Stayner and Sharon F. Stayner (“Debtors”) under Chapter 11 of the Bankruptcy Code, 11 U.S.C. § 101, et seq. (1995).
Circumstances giving rise to this proceeding spring from a series of municipal bonds issued by the Village of Sugar Grove, Kane County, Illinois (‘Village” or “Sugar Grove”). In September 1990, in an attempt to promote commercial development within its boundaries, Sugar Grove…
2Cases cited16 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Scheuer v. RhodesSupreme Court of the United States · 1974
- Johnson v. Home State BankSupreme Court of the United States · 1991
- Grafon Corporation v. Elmer P. Hausermann and Marten C. HausermannCourt of Appeals for the Seventh Circuit · 1979
- Perkins v. SilversteinCourt of Appeals for the Seventh Circuit · 1991
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