§ 543(b)

LB Steel, LLC v. Walsh Constr. Co. (In re LB Steel, LLC)

Ruling: 
Funds deposited in state court pursuant to setoff order were not property of the estate and notsubject to turnover. (Bankr. N.D. Ill.)
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Commercial case opionion summary, case decided on March 29,2016, LexisNexis #1116-029

In re Falconridge LLC

Respondent debtor, an Illinois limited liability company ("LLC"), filed a petition under chapter 11. Movant bank filed an emergency motion to excuse compliance with 11 U.S.C. § 543(b) and to permit a receiver that was appointed by a state court to remain in place.
Ruling: 
Custodian's compliance with requirement to turn over property excused due to debtor LLC's mismanagement of property.
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Commercial case opionion summary, case decided on November 08,2007, LexisNexis #1207-048

In re Auto Professional Inc.

The trustee for a chapter 11 debtor filed a motion pursuant to 11 U.S.C. § 543(b) to compel the Illinois Director of Insurance in his capacity as conservator of the debtor's assets, to turn over any property of the estate in his possession and for an accounting of all such property.
Ruling: 
State director of insurance could be compelled to turn over property of the estate.
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