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Summaries by John Eggum

In re Mississippi Valley Livestock, Inc.

Citation:
No. 13‐1377 (7th Cir., Mar. 12, 2014)
Ruling:
In case involving $900,000 in allegedly preferential payments relating to cattle sales, the Seventh Circuit found that a bailment existed with regard to the Debtor's possession of the transferee's...
Judge(s):
Wood, Chief Judge, and Bauer and Kanne
Tag(s):

Palomar v. First American Bank

Citation:
(7th Cir., No. 12-3492)
Ruling:
Chapter 7 debtor cannot strip-off a wholly-unsecured mortgage. The Seventh Circuit distinguished the ability to strip-off wholly-unsecured mortgages in Chapter 13 because "[t]he strip-off right in...
Judge(s):
Posner, Manion, and Rovner
Tag(s):

The Majestic Star Casino, LLC v. Barden Development, Inc. (In re The Majestic Star Casino, LLC)

Citation:
Nos. 12-3200/3201 (3d Cir., May 21, 2013)
Ruling:
Debtor lacked standing to challenge non-debtor parent/shareholder's revocation of election of S Corp status. Rejecting cases from other circuits, the Third Circuit found that S Corp status is not...
Judge(s):
Ambro, Jordan, and Vanaskie
Tag(s):

Jendusa-Nicolai v. Larsen

Citation:
No. 11-1256; 2012 WL 1324245
Ruling:
Willful and malicious injury determination and finding of nondischargeability affirmed in case involving a brutal attack on the Debtor’s ex-wife (an attack which resulted in a life sentence for...
Judge(s):
Easterbrook, Posner, and Sykes.
Tag(s):

In re River West Plaza-Chicago, LLC

Citation:
Case No. 11-2085 (7th Cir., Dec. 22, 2011)
Ruling:
In River West, the Seventh Circuit declined to consider the merits of an appeal pertaining to a 363 sale for two reasons. First, the appellant, Schwab, failed to obtain a stay, and therefore...
Judge(s):
Bauer, Tinder, and Magus-Stinson (sitting by designation).
Tag(s):

TownSquare Media, Inc. v. Brill

Citation:
Nos. 10-3017, 10-3018 (7th Cir. July 21, 2011)
Ruling:
In Townsquare, Judge Posner, writing for the Seventh Circuit, discussed the intricacies of when the remand of a matter that has been removed from state court is unappealable. Synthesizing the...
Tag(s):

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