Legal Opinion
In RE McKINNEY
Court of Appeals for the Seventh Circuit
Decided June 23, 2010No. 08-1271PublishedCited by 15 opinions
1Opinion of the Court
TINDER, Circuit Judge.
Lonnie McKinney owned and lived in a duplex for which he owed $5786.66 in property taxes for the year 2001. Peoria County, where the duplex is located, sold the tax debt to Salta Group at its annual tax sale in 2002. At a tax sale in Peoria County, an investor can bid on delinquent taxes by announcing what interest rate the investor will charge on the delinquent fees. The lowest bidder (he who proposes the lowest interest rate) will own the tax debt in return for his payment of the full value of the tax debt plus costs.
As owner of the tax debt, Salta Group could make…
2Cases cited7 opinions
- Mohawk Industries, Inc. v. CarpenterSupreme Court of the United States · 2009
- In the Matter of MORSE ELECTRIC COMPANY, INC., Debtor. Appeal of HOOSIER FENCE COMPANY, INC.Court of Appeals for the Seventh Circuit · 1986
- In the Matter of Forty-Eight Insulations, Incorporated, Debtor. Appeal of Maritime Asbestos 1Court of Appeals for the Seventh Circuit · 1997
- In the Matter of Martin Szekely and Donna Szekely, Debtors-AppellantsCourt of Appeals for the Seventh Circuit · 1991
- Zedan v. HabashCourt of Appeals for the Seventh Circuit · 2008
2 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- McDow v. DudleyCourt of Appeals for the Fourth Circuit · 2011
- Speer v. Chapter 7 Trustee Tow (In re Royce Homes LP)United States Bankruptcy Court, S.D. Texas · 2012
- Huntington National Bank v. Richardson Ex Rel. Estate of Cyberco Holdings, Inc.Court of Appeals for the Sixth Circuit · 2013
- Moore v. Complete Cash Holdings, LLC (In Re Moore)United States Bankruptcy Court, N.D. Georgia · 2011
- In re RichterUnited States Bankruptcy Court, C.D. California · 2015
10 more not listed; retrieve them via the Exa API.