Legal Opinion

In the Matter of Douglas R. Prince and Jane Prince, Debtors-Appellants

Court of Appeals for the Seventh Circuit

Decided July 9, 1996No. 94-3474, 94-3714PublishedCited by 273 opinions

1Opinion of the Court

KANNE, Circuit Judge.

When Dr. Douglas R. Prince and his wife, Jane Prince, filed for bankruptcy reorganization in 1981, Dr. Prince operated his orthodontics practice as a wholly owned professional corporation. As part of the plan of reorganization, Dr. Prince was to retain his practice, but the Princes agreed to pay the equity value of his stock in the professional corporation into a fund to satisfy their unsecured creditors. When the Princes and the unsecured creditors committee could not agree upon the stock’s worth, they turned to the bankruptcy court for a valuation hearing. The…

2Cases cited12 opinions

  1. Federal Deposit Insurance Corporation, in Its Corporate Capacity v. George C. Meyer, Margaret Meyer & Edwin A. MeyerCourt of Appeals for the Seventh Circuit · 1986
  2. Milton B. Russell v. Delco Remy Division of General Motors Corporation, Saegertown Manufacturing Company and Jordan ChalmerCourt of Appeals for the Seventh Circuit · 1995
  3. Lb Credit Corporation v. Resolution Trust Corporation, as Receiver for Concordia Federal Bank for SavingsCourt of Appeals for the Seventh Circuit · 1995
  4. Metlyn Realty Corp. v. Esmark, Inc.Court of Appeals for the Seventh Circuit · 1985
  5. Retired Chicago Police Ass'n v. City of ChicagoCourt of Appeals for the Seventh Circuit · 1996

7 more not listed; retrieve them via the Exa API.

3Cited by273 opinions

  1. Hecker v. Deere & Co.Court of Appeals for the Seventh Circuit · 2009
  2. Paul Burritt v. Lisa DitlefsenCourt of Appeals for the Seventh Circuit · 2015
  3. Eli Lilly and Company v. Aradigm Corporation, Defendant-CrossCourt of Appeals for the Federal Circuit · 2004
  4. County of McHenry v. Insurance Company of the WestCourt of Appeals for the Seventh Circuit · 2006
  5. Miller v. Safeco Insurance Co. of AmericaCourt of Appeals for the Seventh Circuit · 2012

268 more not listed; retrieve them via the Exa API.

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