Legal Opinion
In Re Chang
United States Bankruptcy Court, N.D. Illinois
Decided August 3, 1995No. 19-04947PublishedCited by 15 opinions
1Opinion of the Court
MEMORANDUM OPINION ON PETERSON BANK’S MOTION TO MODIFY STAY
JACK B. SCHMETTERER, Bankruptcy Judge.
This Memorandum Opinion follows a hearing held on Motion of Peterson Bank to modify the automatic stay under Section 362 of the Bankruptcy Code, 11 U.S.C. § 362. The Motion seeks leave to proceed with sale of Debtors’ residence pursuant to a pre-peti tion Judgment for Foreclosure entered in an Illinois state court. The grounds asserted are two: (1) that Debtors have no equity in the property and do not need it for effective reorganization; and (2) that 11 U.S.C. § 1322(b)(2) prevents Debtors from…
2Cases cited4 opinions
- First National Fidelity Corp. v. Ruth Perry, Robert M. Wood, TrusteeCourt of Appeals for the First Circuit · 1991
- In Re SeidelCourt of Appeals for the Ninth Circuit · 1985
- In Re ThreatsUnited States Bankruptcy Court, N.D. Illinois · 1993
- In Re DavisUnited States Bankruptcy Court, N.D. Illinois · 1988
3Cited by15 opinions
- In Re Clarence Gordon Witt Carolyn Sue Witt, Debtors. Clarence Gordon Witt Carolyn Sue Witt v. United Companies Lending CorporationCourt of Appeals for the Fourth Circuit · 1997
- In Re NepilUnited States Bankruptcy Court, D. New Jersey · 1997
- In Re JonesUnited States Bankruptcy Court, D. Oregon · 1995
- In Re IbarraUnited States Bankruptcy Court, D. Puerto Rico · 1999
- In Re ReevesUnited States Bankruptcy Court, C.D. Illinois · 1998
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