BMO Harris Bank N.A. v. Carol Anderson
Court of Appeals for the Seventh Circuit
1Opinion of the Court
Easterbrook, Circuit Judge.
Mark Anderson and Walter Kaiser jointly borrowed about $700,000 from BMO Harris Bank; the loan was secured by a mortgage. They did not pay, and the Bank filed a foreclosure action in state court. That action was put on hold when Anderson and his wife (who need not be mentioned again) commenced a bankruptcy proceeding. After the Bank asked Bankruptcy Judge Cox to lift the automatic stay under 11 U.S.C. § 362 she entered an order granting "full and complete relief from the Automatic Stay of Section 362 to permit BMO HARRIS BANK to proceed with the pending State Court…
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