In Re Lerch
United States Bankruptcy Court, C.D. Illinois
1Opinion of the Court
OPINION
WILLIAM V. ALTENBERGER, Bankruptcy Judge.
The following facts are not disputed. On August 4, 1989, Debtor, Korena K. Lerch, f/n/a Korena K. Smith, and a non-debtor, Dwight T. Smith, entered into a net closed end lease agreement with Lindquist Ford, Inc. to lease a new 1989 Ford Escort for forty-eight (48) months. With the Debtor’s knowledge, Lindquist Ford, Inc., then assigned the lease to Ford Motor Credit Company (FMCC).
On August 10, 1992, the Debtors filed for Chapter 13 bankruptcy. The Debtors’ Chapter 13 Plan calls for FMCC to be paid as a secured creditor the sum of $3,465.00 or…
2Cases cited12 opinions
- La Throp v. Bell Federal Savings & Loan Ass'nIllinois Supreme Court · 1977
- Hervey v. Rhode Island Locomotive WorksSupreme Court of the United States · 1877
- In the Matter of Marhoefer Packing Company, Inc., Bankrupt, Appeal of Robert Reiser & Company, Inc., CreditorCourt of Appeals for the Seventh Circuit · 1982
- Rainier National Bank v. Inland MacHinery Co.Court of Appeals of Washington · 1981
- In Re Loop Hospital PartnershipUnited States Bankruptcy Court, N.D. Illinois · 1983
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