Channel Clarity Holdings LLC v. Kasey Klaas

IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION In re: ) ) Case No. 21bk07972 Channel Clarity Holdings LLC, ) Chapter 11 ) Debtor. ) Honorable LaShonda A. Hunt ) ) Channel Clarity Holdings LLC, ) Adv. Proc. No. 21ap00111 ) Plaintiff, ) v. ) ) Kasey Klaas, ) ) Defendant. ) MEMORANDUM OPINION This matter is before the Court for ruling after a trial on the remaining count of this adversary complaint where plaintiff/debtor Channel Clarity Holdings LLC (“CCH”) seeks to subordinate the unsecured claim of defendant/creditor Kasey Klaas (“Klaas”) under 11…