1756 W. Lake St LLC v. American Chartered Bank and Scherston Real Estate Investments, LLC

Citation:
1756 W. Lake Street LLC v. American Chartered Bank and Scherston Real Estate Investments, LLC, Court of Appeals, 7th Circuit (May 15, 2015)
Ruling:
Value derived from several forbearance agreements and related concessions from a creditor satisfies the reasonable equivalence test in the face of an avoidance action brought by the debtor where...
Judge(s):
Posner, Sykes, Simon
Tag(s):

Sullivan v. Glenn

Citation:
Sullivan v. Glenn, No. 14-3213 (7th Cir. Apr. 2, 2015)
Ruling:
The court AFFIRMED the ruling of the district court. The court accepted that the loan broker was the Glenns' agent, as the Glenns hired the loan broker to negotiate a short-term loan on their...
Judge(s):
Posner, Manion, and Tinder.
Tag(s):

Metrou v. M.A. Mortenson Co. and Schuff Steel Co.

Citation:
Metrou v. M.A. Morteson Co., No. 14-8030, --- WL --- (7th Cir. Mar. 23, 2015)
Ruling:
In a matter of first impression at the appellate level and reversing the decision below, the Seventh Circuit declined to utilize judicial estoppel to cap a Chapter 7 trustee's potential recovery in...
Judge(s):
Easterbrook, Flaum, Williams
Tag(s):

BB Syndication Services, Inc. v. First American Title Ins. Co.

Citation:
BB Syndication Services Inc. v. First American Title Insurance Company, Court of Appeals, 7th Circuit 2015 (unpublished)
Ruling:
The Seventh Circuit held that when a lender cuts off loan funding by reason of a construction project’s overspending, the lender is, in fact, “creating” or “suffering” a mechanic’s lien...
Judge(s):
Wood, Flaum, Sykes
Tag(s):

Gerard v. Gerard

Citation:
Gerard v. Gerard, No. 14-1496 (7th Cir. Mar. 12, 2015)
Ruling:
The 7th Circuit reversed the U.S. District Court (E.D. Wis.), which had affirmed the bankruptcy court's entry of judgment of nondischargeability under 11 USC 523(a)(6)(willful and malicious injury)...
Judge(s):
Manion, Rovner, and Hamilton
Tag(s):

Listecki v. Official Committee of Unsecured Creditors

Citation:
Listecki v. Official Committee of Unsecured Creditors, Court of Appeals, 7th Circuit 2015 (unpublished)
Ruling:
The Religious Freedom Restoration Act (“RFRA”) does not apply to cases where the “government,” as defined in RFRA, is not a party. Also, even where the Free Exercise Clause of the First...
Judge(s):
Flaum, Williams
Tag(s):

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