In Re Spencer
United States Bankruptcy Court, N.D. Illinois
1Opinion of the Court
OPINION
WILLIAM V. ALTENBERGER, Bankruptcy Judge.
This matter comes before the Court on the motion of PRINCIPAL RESIDENTIAL MORTGAGE, INC. (PRINCIPAL RESIDENTIAL) to modify the automatic stay or alternatively, to deny confirmation and dismiss the case.
On January 12, 2001, in an action to foreclose its mortgage on the property of the Debtor, Maurice B. Spencer (DEBTOR), the property was sold to PRINCIPAL RESIDENTIAL, at a regularly scheduled foreclosure sale, for the amount of its debt. Eleven days later, the DEBTOR filed a Chapter 13 petition, proposing to cure the mortgage default through his…
2Cases cited17 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- United States v. National Bank of CommerceSupreme Court of the United States · 1985
- Citicorp Savings v. First Chicago Trust Co.Appellate Court of Illinois · 1995
- In the Matter of Margaret WILLIAMS, Debtor-Appellee, Appeal of CHICAGO HOUSING AUTHORITYCourt of Appeals for the Seventh Circuit · 1998
- McCarn v. WyHy Federal Credit Union (In Re McCarn)Bankruptcy Appellate Panel of the Tenth Circuit · 1998
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3Cited by7 opinions
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- In Re TownsvilleUnited States Bankruptcy Court, E.D. Pennsylvania · 2001
- Taylor v. Vermont Housing Finance Agency (In Re Taylor)District Court, D. Vermont · 2002
- In Re 652 West 160th LLC.United States Bankruptcy Court, S.D. New York · 2005
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