Legal Opinion
In re: Julio A. Garcia and Bonnie L. Garcia
United States Bankruptcy Court, N.D. Illinois
Decided March 7, 2022No. 22-00130Unknown
1Opinion
UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION In re: ) Chapter 11 ) JULIO A. GARCIA and ) No. 22 B 130 BONNIE L. GARCIA, ) )) Debtors. ) Judge Goldgar MEMORANDUM OPINION Julio and Bonnie Garcia have been trying to sell their business property on Chicago’s north side since at least early 2019. The Garcias have been in a hurry to sell it because Albany Bank and Trust is foreclosing on the mortgage – a mortgage securing a $1.1 million loan that the Garcias stopped paying four years ago – and is on the brink of a sale. The Garcias prefer to sell the property…
2Cases cited11 opinions
- Baker v. Loves Park Savings & Loan Ass'nIllinois Supreme Court · 1975
- John L. Dean v. Trans World Airlines, Inc. Air Line Pilots Association, InternationalCourt of Appeals for the Ninth Circuit · 1995
- Procel v. United States Trustee (In Re Procel)District Court, S.D. New York · 2012
- Reedsburg Utility Commission v. Grede Foundries, Inc. (In Re Grede Foundries, Inc.)Court of Appeals for the Seventh Circuit · 2011
- Alakozai v. Citizens Equity First Credit Union (In Re Alakozai)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2013
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