Legal Opinion
In re Argon Credit, LLC
United States Bankruptcy Court, N.D. Illinois
Decided January 10, 2019No. Case No. 16-39654 (Jointly Administered)PublishedCited by 4 opinions
1Opinion of the Court
FACTUAL BACKGROUND2
The Underlying Agreements
Pre-petition, Argon operated an online lending platform providing near-prime consumer installment loans. On May 1, 2015, Fintech Financial, LLC (Fintech) lent Argon $ 20 million under the terms of a revolving credit facility (the revolver). Argon also granted Fintech liens in all of its then-existing or after-acquired property, both real and personal, to secure repayment. The facility closed on May 5.
The next day Fintech assigned all of its interests in and rights arising out of the revolver, including its liens, to Princeton Alternative Income…
2Cases cited37 opinions
- Hartford Underwriters Insurance v. Union Planters Bank, N. A.Supreme Court of the United States · 2000
- Estate of Osborn Ex Rel. Osborn v. KempSupreme Court of Delaware · 2010
- Abry Partners V, L.P. v. F & W Acquisition LLCCourt of Chancery of Delaware · 2006
- Continental Insurance v. Rutledge & Co.Court of Chancery of Delaware · 2000
- Boyajian v. New Falls Corp.Court of Appeals for the Ninth Circuit · 2009
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3Cited by4 opinions
- Cenergy II, LLCUnited States Bankruptcy Court, W.D. Wisconsin · 2025
- Cenergy, LLCUnited States Bankruptcy Court, W.D. Wisconsin · 2025
- Consumers Cooperative Association of Eau ClaireUnited States Bankruptcy Court, W.D. Wisconsin · 2025
- Cyfred, Ltd. v. WaathdadSuperior Court of Guam · 2025