Legal Opinion

In re Smith

United States Bankruptcy Court, C.D. Illinois

Decided December 4, 1995No. Bankruptcy No. 95-70467Published

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

  1. In Re Comcoach Corporation, Debtor-Appellee, the Roslyn Savings Bank v. Comcoach CorporationCourt of Appeals for the Second Circuit · 1983
  2. Kelley/Lehr & Associates, Inc. v. O'BRIENAppellate Court of Illinois · 1990
  3. In Re Sauk Steel Co., Inc.United States Bankruptcy Court, N.D. Illinois · 1991

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