Bank of Commerce & Trust Co. v. Strauss (In re Strauss)
United States Bankruptcy Court, N.D. Illinois
1Opinion of the Court
AMENDED MEMORANDUM OPINION 1
A. BENJAMIN GOLDGAR, Bankruptcy Judge.
John Paul Strauss ran Banc Corp. USA, a company engaged in equipment lease financing. Some of the leases that it financed Banc Corp. sold to banks as investments. In 2002, Banc Corp. began financing leases of medical equipment to federal medical facilities, most of them operated by the Department of Veterans Affairs. Banc Corp. sold five of the federal leases to banks in Illinois and Texas, granting the banks security interests in the equipment. About a year later, Banc Corp. sold the same leases again to a Kansas bank, Bank of…
2Cases cited54 opinions
- Stern v. MarshallSupreme Court of the United States · 2011
- Local Loan Co. v. HuntSupreme Court of the United States · 1934
- Field v. MansSupreme Court of the United States · 1995
- Harold W. McClellan v. Bobbie Darrell CantrellCourt of Appeals for the Seventh Circuit · 2000
- In the Matter of John E. Mayer and Deborah Mayer, Debtors-Appellants v. Spanel International Ltd. And Bank One-Rockford, N.A., Creditors-AppelleesCourt of Appeals for the Seventh Circuit · 1995
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