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Centerpoint Props. Trust v. Olde Prairie Block Owner LLC (In re Olde Prairie Block Owner LLC)

Sep
30
2011
Ruling
Ban on appellate review of unstayed orders for DIP financing does not require explicit finding of good faith and applies whether or not funds were disbursed.
Procedural posture

In appellee debtor's Chapter 11 case, the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division, conditionally denied appellant lien holder's motion to lift the automatic stay and denied the lien holder's motions to amend findings of facts and conclusions of law and to enforce the conditional denial. The debtor's motion to enter into a debtor-in-possession credit facility was granted. The lien holder appealed.

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Commercial opinion summary, case decided on September 30, 2011 , LexisNexis #1011-110
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Smith v. SIPI LLC

Jun
26
2008
Ruling
Tax sale for which redemption period expired two years prior to petition date was not avoidable.
Procedural posture

Plaintiff debtors appealed an order of a bankruptcy court, which granted defendant buyers' motion to dismiss their adversary proceeding to avoid a tax deed on their home as a fraudulent transfer under 11 U.S.C.S. § 548.

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Consumer opinion summary, case decided on June 26, 2008 , LexisNexis #0708-122
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Holland v. Safanda (In re Holland)

Mar
30
2007
Ruling
Bankruptcy court erred in denying Illinois debtor's exemption in Florida property owned by the entirety with spouse.
Procedural posture

Debtor in a chapter 7 bankruptcy appealed from a final order of the bankruptcy court upholding the trustee's objection to an exemption the debtor claimed for real property in Florida.

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opinion summary, case decided on March 30, 2007 , LexisNexis #0507-042
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