Thursday, October 11, 2012

In re 211 Waukegan, LLC, 2012 Bankr. LEXIS 4413 (Bankr. N.D. Ill ...

Collier on Bankruptcy was cited in this recent decision:

Collier on Bankruptcy section cited: Collier on Bankruptcy ? 503.06[1]?(accessible by lexis.com subscribers)

Lexis.com subscribers can view the enhanced version of In re 211 Waukegan, LLC.

Lexis.com Overview: After the bank purchased the equity of the debtor, a fifth amended plan was confirmed without objection by any creditor. The first advances of $15,900, the movant creditor had made to the debtor constituted a pre-bankruptcy transaction that did not qualify as administrative expenses. To qualify as administrative expenses, the payments had to be postpetition. Some of the transactions in issue?.?

Source: http://www.pmflegal.com/blog/index.php/2012/10/11/in-re-211-waukegan-llc-2012-bankr-lexis-4413-bankr-n-d-ill-sept-18-2012/

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