Legal Opinion
In re 211 Waukegan, LLC
United States Bankruptcy Court, N.D. Illinois
Decided September 18, 2012No. 11 B 13104Published
1Opinion of the Court
FINDINGS OF FACT AND CONCLUSIONS OF LAW REGARDING BEA KABBANFS MOTION REQUESTING PAYMENT OF ADMINISTRATIVE EXPENSE
JACK B. SCHMETTERER, Bankruptcy Judge.
Introduction
On March 30, 2011, 211 Waukegan, LLC (“Debtor”) filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code. This is a single asset real estate case. The property at issue is a three-story commercial building located in Northfield, Illinois. The Debtor purchased the real estate in 2008 for approximately $3 million in a purchase financed by Itasca Bank. The Debtor defaulted on its obligations to Itasca Bank, who…
2Cases cited17 opinions
- Barnhill v. JohnsonSupreme Court of the United States · 1992
- In Re Mammoth Mart, Inc., Debtor. Stanley Cramer v. Mammoth Mart, Inc.Court of Appeals for the First Circuit · 1976
- In the Matter of Jartran, Inc., Debtor. Appeal of Reuben H. Donnelley Corporation and Sandra C. Tinsley, IncCourt of Appeals for the Seventh Circuit · 1984
- In Re Dant & Russell, Inc., Debtors. Burlington Northern Railroad Company, Creditor-Appellant v. Dant & Russell, Inc., Debtor-AppelleeCourt of Appeals for the Ninth Circuit · 1988
- In Re Pettibone Corp.United States Bankruptcy Court, N.D. Illinois · 1987
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