Rafool v. Evans

ORDER & OPINION

JOE BILLY McDADE, Senior District Judge.

This matter is before the Court on Appellant’s appeal from the Bankruptcy Court for the Central District of Illinois’ determination that the right to draw on a letter of credit is property of a bankruptcy estate and that Appellees therefore did not proximately cause Appellant’s damages by failing to cause the Debtor to draw upon the letters of credit prior to the bankruptcy filing. Both Appellant and Appellee have filed their briefs on appeal, and the matter is now ready for disposition. For the reasons stated below, the decision of the…