Can a debtor engage in claims trading? That was the question presented to the 7th U.S. Circuit Court of Appeals in Appeal of Garlin Corp. (In re Barry B. Kreisler and Marsha D. Erenberg) .
Kreisler and Erenberg, the debtors, each had an ownership interest in two properties in Chicago; both properties were fully encumbered by a number of mortgages. One of the mortgagees, Community Bank, held a $900,0q out to myron00 claim secured by both properties, according to the opinion.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
