Legal Opinion

American National Bank & Trust Co. v. Matrix IV, Inc. (In Re S.M. Acquisitions Co.)

United States Bankruptcy Court, N.D. Illinois

Decided October 31, 2005No. 19-05701PublishedCited by 1 opinion

1Opinion of the Court

MEMORANDUM OPINION ON PLAINTIFF’S MOTION TO STRIKE DEFENDANT’S EIGHTH AFFIRMATIVE DEFENSE (EQUITABLE SUBORDINATION DEFENSE)

JACK B. SCHMETTERER, Bankruptcy Judge.

This Adversary proceeding relates to the case filed by Debtor S.M. Acquisition Co. d/b/a Stylemaster, Inc. (“Debtor”) under Chapter 11 of the Bankruptcy Code.

BACKGROUND

Plaintiff, American National Bank, (the “Bank”), filed this Adversary against Defendant, Matrix IV, Inc. (“Matrix”), in a lien priority dispute arising from credit each extended to Debtor prior to its Chapter 11 Bankruptcy filing. The Bank obtained its lien through a…

2Cases cited25 opinions

  1. Conley v. GibsonSupreme Court of the United States · 1957
  2. Anthony Dewalt v. Lamark Carter, Correctional Officer Young, Carol BiesterCourt of Appeals for the Seventh Circuit · 2000
  3. In the Matter of Mobile Steel Company, Debtor. Elaine E. Benjamin v. Lester Y. Diamond, as Trustee in Bankruptcy for Mobile Steel, Inc.Court of Appeals for the Fifth Circuit · 1977
  4. Kham & Nate's Shoes No. 2, Inc., Debtor-Appellee v. First Bank of WhitingCourt of Appeals for the First Circuit · 1990
  5. United States v. NolandSupreme Court of the United States · 1996

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3Cited by1 opinion

  1. Matrix IV, Inc. v. American Nat. Bank & Trust Co.Court of Appeals for the Seventh Circuit · 2011

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