The Volo Project is dedicated to providing ABI Members with the most timely bankruptcy decisions from the U.S. Courts of Appeal. A team of member volunteers provide a summary of each new opinion within 24 hours of their release. Each summary includes the full text of the opinion. Members can sign up for email alerts from their circuit, or the whole country! Not a member? Try Volo free for 30 days.

7th Circuit

Liebzeit v. Intercity State Bank, et al. (In re Blanchard)

Citation: 
Liebzeit v. Intercity State Bank, et al. (In re Blanchard), Case No. 15-1970 (7th Cir. App. Apr. 14, 2016)
Ruling: 
1. Under Wisconsin law, a mortgage can properly attach a lien to a vendor's interest in a land contract. 2. The lender perfected it's lien on the vendor's interest by recording a mortgage in the land records, rather than ...
Judge(s): 
Hamilton, Posner, Ripple
Read on...

In re Jepson

Citation: 
In re Jepson, No. 14-2459 (7th Cir. April 15, 2016) (unpublished).
Ruling: 
A motion to stay this court’s mandate pending final disposition of the litigation in the Supreme Court was denied because the movant intended to raise an issue of constitutional standing in her petition for certiorari, where prudential standing formed the ...
Judge(s): 
Ripple
Read on...

Siragusa, et al. v. Collazo (In re Collazo)

Citation: 
14 C 5008
Ruling: 
The 7th Circuit examined the factual underpinning of the case, including the fact that the Plaintiffs had been satisfied with Collazo's evasive responses to inquiries about their investments, had taken his small partial payments, and had invested further with him ...
Judge(s): 
POSNER, EASTERBROOK and KANNE
Read on...

Estate of Stanley Cora v. Jahrling (In re Jahrling)

Citation: 
Estate of Stanley Cora v. Jahrling (In re Jahrling), Case No. 15-2252 (7th Cir. Mar. 18, 2016)
Ruling: 
Legal malpractice judgment entered against the debtor was not dischargeable because the judgment was for a "defalcation while acting in a fiduciary capacity." The Court held that although legal malpractice judgments and/or judgments resulting from an attorney's violation of ...
Judge(s): 
Kanne, Rovner, and Hamilton
Read on...

Continental Casualty Company v. Symons, et al.

Citation: 
14-2665, 14-2671 & 15-1061
Ruling: 
7th Circuit affirmed the finding of the District Court that Symons International was liable for breach of a 1998 sale agreement; found Symons International Goran, Granite, and the Symons individually, liable as transferees under Indiana Uniform False Transfer Act; and ...
Judge(s): 
Before ROVNER and SYKES, Circuit Judges, and ANDREA WOOD, District Judge (ND IL - by designation)
Read on...

Jepson v. Bank of New York Mellon (In re Jepson)

Citation: 
Jepson v. Bank of New York Mellon (In re Jepson), Case No. 14-2459 (7th Cir. Mar. 22, 2016)
Ruling: 
The Court of Appeals ruled that, under New York law, a debtor-homeowner, does not have standing to challenge the assignment of a note / mortgage based upon the lender's alleged failure to comply with the terms of a pooling and ...
Judge(s): 
Posner, Ripple, and Hamilton
Read on...

Official Committee of Unsecured Creditors of Great Lakes Quick Lube LP v. T.D. Investments I, LLP (IN re Great Lakes Quick Lube LP)

Citation: 
7th Cir., Case No. 15-2093, Decided March 11, 2016
Ruling: 
The judgment of the bankruptcy court was reversed, and the case remanded in order to determine: a) the value of the asset transferred (in the form of commercial leases that were terminated pre-bankruptcy), and b) whether the transferee has any ...
Judge(s): 
POSNER, FLAUM and WILLIAMS, Circuit Judges
Read on...

Schaumburg Bank & Trust, Co., N.A. v. Alsterda

Citation: 
15-1894
Ruling: 
Since no final judgment or appealable order was entered by the Bankruptcy Court, the Court of Appeals lacks appellate jurisdiction to review the District Court’s decision.
Judge(s): 
WOOD, Chief Judge, EASTERBROOK, Circuit Judge, and BRUCE, District Judge
Read on...

In re Robinson

Citation: 
In re Robinson, Court of Appeals, 7th Circuit 2016 (unpublished)
Ruling: 
The plain language of the Illinois personal property exemption statute does not impose a dollar-value limitation on the items available for exemption, and a debtor is therefore not precluded from claiming an exemption for a valuable first-edition religious text.
Judge(s): 
Wood, Easterbrook, Ripple
Read on...

In re Robinson

Citation: 
14-3585
Ruling: 
The Court of Appeals affirmed the District Court's reversal of the Bankruptcy Court's refusal to sanction the Debtor's exemption; concluding that the plain language of the Illinois personal property exemption statute allowed the exemption for the Debtor's Book of Mormon.
Judge(s): 
Wood, Easterbrook, and Ripple
Read on...
Syndicate content