- 11 U.S.C.
In re Southcreek Dev. LLC
Jan
06
2011
Ruling
Village could not be compelled to accept settlement of interest in property trustee proposed to sell free and clear.
Procedural posture
This matter was before the court on remand from the United States District Court for the Central District of Illinois following a judgment reversing the court's order finding that a chapter 7 trustee was entitled to sell a debtor's real estate free and clear of the obligations of an amended annexation agreement with a village because a bona fide dispute regarding the validity of the agreement existed under 11 U.S.C.S. § 363(f)(4).
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Court
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