In the Matter of Memorial Estates, Incorporated, Debtor. Appeal of Cemco, Incorporated, William L. Needler
Court of Appeals for the Seventh Circuit
1Opinion of the Court
KANNE, Circuit Judge.
Chicago Bank of Commerce n/k/a Associated Bank (“Bank”) sought to foreclose on a trust deed held on cemetery property after the mortgagor, Memorial Estates, Inc., defaulted on the loan secured by the mortgage. The foreclosure action was filed in an Illinois state court but was removed to the bankruptcy court when Memorial Estates declared bankruptcy. After an evidentiary hearing, the bankruptcy court recommended to the district court that an equity receiver be appointed to operate the cemetery while the foreclosure action was pending pursuant to 28 U.S.C. § 157(c)(1).…
2Cases cited18 opinions
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- Thomas v. Union Carbide Agricultural Products Co.Supreme Court of the United States · 1985
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