In the Matter of William J. Stoecker, Debtor. Appeal of Thomas E. Raleigh, as Chapter 7 Trustee for the Estate of William J. Stoecker
Court of Appeals for the Seventh Circuit
1Opinion of the Court
POSNER, Circuit Judge.
This bankruptcy appeal presents difficult questions concerning the interpretation of a settlement agreement and the application of the doctrine of res judicata in bankruptcy. There is also an issue of appellate jurisdiction.
The parties are the Bank of Bellwood and the trustee in bankruptcy of William J. Stoecker, a substantial businessman to whom the bank had lent $750,000 on his unsecured promissory note. In December 1988 and January 1989, Stoecker paid the bank a total of some $16,000 in interest. The loan came due on February 1, 1989. When Stoecker failed to pay it by…
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