In re Smith
United States Bankruptcy Court, C.D. Illinois
1Opinion of the Court
OPINION
LARRY L. LESSEN, Bankruptcy Judge.
The issue before the Court is whether a foreclosure action filed against a creditor of the Debtors violated the automatic stay of 11 U.S.C. § 362(a)(1) and (3).
The Debtors, Edward and Helen Smith, filed a petition pursuant to Chapter 12 of the Bankruptcy Code on March 21, 1995. In their schedule of Unexpired Leases, the Debtors listed a 60/40 crop share agreement with Helen Gorham. The Debtors also listed Helen Gorham as a creditor with an unsecured claim of $50,000.00. The Mercantile Bank of Illinois, formerly known as Wedge Bank, was listed as a…
2Cases cited3 opinions
- In Re Comcoach Corporation, Debtor-Appellee, the Roslyn Savings Bank v. Comcoach CorporationCourt of Appeals for the Second Circuit · 1983
- Kelley/Lehr & Associates, Inc. v. O'BRIENAppellate Court of Illinois · 1990
- In Re Sauk Steel Co., Inc.United States Bankruptcy Court, N.D. Illinois · 1991