Legal Opinion

In Re Data Entry Service Corp.

United States Bankruptcy Court, N.D. Illinois

Decided January 15, 1988No. 19-05576PublishedCited by 15 opinions

1Opinion of the Court

MEMORANDUM AND ORDER

ROBERT E. GINSBERG, Bankruptcy Judge.

The Small Business Administration (the “SBA”) has filed a Motion for Lien Determination and Order for Distribution. 1 The motion alleges that the SBA has a first lien upon all personal property of Data Entry Service Corp., Inc. (the “Debtor”), including the proceeds thereof. This is a core proceeding under 28 U.S.C. § 157(b)(2)(K).

FACTS

On October 6, 1981, the First National Bank of Cicero (the “Bank”) loaned the Debtor $296,800 (the “Loan”). The Loan was evidenced by a note and an SBA form called “Authorization and Loan Agreement”, (the…

2Cases cited6 opinions

  1. In the Matter of Bollinger Corporation, Bankrupt. Appeal of Carl L. Bigler, Trustee for Bollinger CorporationCourt of Appeals for the Third Circuit · 1980
  2. In the Matter of Numeric Corp., Bankrupt. Appeal of Russell E. BlankCourt of Appeals for the First Circuit · 1973
  3. In the Matter of Joseph Wambach, Sr., Bankrupts, and Palatine National Bank, Intervening v. William L. Randall, Trustee in BankruptcyCourt of Appeals for the Seventh Circuit · 1973
  4. Barton v. Chemical BankCourt of Appeals for the Fifth Circuit · 1978
  5. Forest Park National Bank v. Martin Grinding & MacHine Works, Inc. (In Re Martin Grinding & MacHine Works, Inc.)United States Bankruptcy Court, N.D. Illinois · 1984

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3Cited by15 opinions

  1. Strosberg v. Brauvin Realty Services, Inc.Appellate Court of Illinois · 1998
  2. In Re DukeUnited States Bankruptcy Court, N.D. Alabama · 1993
  3. In Re Command Services Corp.United States Bankruptcy Court, N.D. New York · 1989
  4. Pine Top Insurance v. Bank of America National Trust & Savings Ass'nCourt of Appeals for the Seventh Circuit · 1992
  5. Pine Top Insurance Company, in Liquidation, an Insolvent Illinois Corporation v. Bank of America National Trust and Savings Association, a California Corporation, Pine Top Insurance Company, in Liquidation, an Insolvent Illinois Corporation v. Century Indemnity Company, a Connecticut Corporation, and Bank of America National Trust and Savings Association, a California CorporationCourt of Appeals for the Seventh Circuit · 1992

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