Legal Opinion
Clark v. Appeal of Chicago Municipal Employees Credit Union
Court of Appeals for the Seventh Circuit
Decided July 11, 1997No. Nos. 96-1326, 96-1434 and 96-1662PublishedCited by 1 opinion
1Opinion of the Court
COFFEY, Circuit Judge.
Cynthia Clark filed a Chapter 13 Bankruptcy petition. The Chicago Municipal Employees Credit Union (“Credit Union”) filed proof of a fully secured claim for $15,465.06, which represented the entire balance due on a car loan, signature loan, and revolving line of credit (Visa credit card) that Clark had entered into with the Credit Union. Each of these agreements was secured by a grant of a security interest in any rebate or refund which Clark might receive from her retirement fund. The bankruptcy court denied Clark’s objection to the Credit Union’s proof and found that…
2Cases cited23 opinions
- Connecticut National Bank v. GermainSupreme Court of the United States · 1992
- Morales v. Trans World Airlines, Inc.Supreme Court of the United States · 1992
- In the Matter of Daniel J. YONIKUS and Carolyn S. Yonikus, Debtors. Appeal of Daniel J. YONIKUSCourt of Appeals for the Seventh Circuit · 1993
- In Re ChapmanSupreme Court of the United States · 1897
- In the Matter of Kenneth W. Smith, Debtor. Appeal of State of IndianaCourt of Appeals for the Seventh Circuit · 1988
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