In re Fowler

13 Citing cases

  1. In re Nowicki

    202 B.R. 729 (Bankr. N.D. Ill. 1996)   Cited 23 times
    Holding under Illinois law that "a fraudulent transfer is only voidable, and then only to the extent necessary to satisfy the claims of creditors"

    In Illinois, a beneficial interest in a land trust is considered intangible personal property. Burditt Radzius, Chartered v. Brown (In re Barone), 184 B.R. 747, 749 (N.D.Ill. 1995); In re Fowler, 90 B.R. 375, 377 (Bankr.N.D.Ill. 1988); In re Marriage of Mostow, 126 Ill. App.3d 67, 81 Ill.Dec. 490, 492, 466 N.E.2d 1292, 1294 (1st Dist. 1984). The proper method under the Illinois Code of Civil Procedure to perfect a lien in intangible personal property is via a citation to discover assets, under 735 ILCS 5/2-1402.

  2. In re Weatherspoon

    101 B.R. 533 (Bankr. N.D. Ill. 1989)   Cited 31 times
    Finding termination of debtor's interest in garnished wages occurs upon court's entry of final deduction order

    There has been considerable debate about whether mere service of a citation to discover assets imposes a lien of any sort. Many recent federal cases hold that the citation proceeding does impose a lien on discovered assets. General Telephone Co. of Illinois v. Robinson, 545 F. Supp. 788, 797 (C.D.Ill. 1982); In re Fowler, 90 B.R. 375, 377 (Bankr.N.D.Ill. 1988); In re Einoder, 55 B.R. 319, 324 (Bankr.N.D.Ill. 1985); In re Foluke, 38 B.R. 298, 301 (Bankr.N.D.Ill. 1984); In re Lapiana, 31 B.R. 738, 742 (Bankr.N.D.Ill. 1983). The district court in Barnett v. Stern, 93 B.R. 962, 975, n. 5 (N.D.Ill. 1988), however, convincingly argues that the initiation of a citation proceeding does not create a lien.

  3. In re Marino

    201 B.R. 234 (Bankr. N.D. Ill. 1996)   Cited 11 times
    Holding that "waiver is an intentional abandonment or relinquishment of a known right or advantage which, but for such waiver, the party would have enjoyed"

    ; In re T.M. Sweeney Sons, LTL Services, Inc., 120 B.R. 101, 105 (Bankr.N.D.Ill. 1990) (Schmetterer, J.); In re Fowler, 90 B.R. 375, 377 (Bankr.N.D.Ill. 1988) (Coar, J.); In re Einoder, 55 B.R. 319, 325 (Bankr.N.D.Ill. 1985) (Ginsberg, J.)

  4. T.M. Sweeney & Sons, LTL Services, Inc. v. Crawford (In re T.M. Sweeney & Sons, LTL Services, Inc.)

    120 B.R. 101 (Bankr. N.D. Ill. 1990)   Cited 17 times
    Finding that "the trustee's powers are those which state law would allow to a hypothetical creditor of the debtor who, as of the commencement of the case, had completed the legal or equitable processes for perfection of a lien upon property available for the satisfaction of his claim against the debtor"

    The bankruptcy judges in this district, including this Court, have almost uniformly ruled that the clear weight of Illinois authority finds service of citation summons to create a lien while it also compels the discovered assets to be used toward satisfaction of the judgment. In re Waner, 89 B.R. 751, 755 (Bankr.N.D.Ill. 1988) (Schmetterer, J.); In re Fowler, 90 B.R. 375, 377 (Bankr.N.D.Ill. 1988) (Coar, J.); In re Einoder, 55 B.R. 319, 325 (Bankr.N.D.Ill. 1985) (Ginsberg, J.); In re Gus Hormovitis and George Karahalios, 57 B.R. 471, 475 (Bankr.N.D.Ill. 1985) (Schwartz, J.); In re Foluke, 38 B.R. 298, 300 (Bankr.N.D.Ill. 1984) (Hertz, J.); In re Lapiana, 31 B.R. 738, 742 (Bankr.N.D.Ill. 1983) (Fisher, J.), aff'd on other grounds, 909 F.2d 221 (7th Cir. 1990). 10. The one exception to the above line of cases is In re Jaffe, 111 B.R. 701, 704 (Bankr.N.D.Ill. 1990) (Barliant, J.).

  5. In re Coan

    96 B.R. 828 (Bankr. N.D. Ill. 1989)   Cited 24 times
    Holding that § 108(c) extends period for thirty days

    See, e.g., In re Fowler, 90 B.R. 375, 377 (Bankr.N.D.Ill. 1988); LaPiana v. Farmers State Bank of Somonauk (In re LaPiana), 31 B.R. 738, 742 (Bankr.N.D.Ill. 1983); Einoder v. Mount Greenwood Bank (In re Einoder), 55 B.R. 319, 324 (Bank.N.D.Ill. 1985). The parties here disagree as to whether the lien has been extinguished by the Movants' delay in seeking enforcement of the lien.

  6. In re Barone

    184 B.R. 747 (N.D. Ill. 1995)   Cited 11 times
    Holding that citation proceedings did not terminate automatically because the citation respondent failed to appear for either of the scheduled citations

    Additionally, prior to the amendment, the cases held that citation proceedings against a trustee created a lien against the beneficial interest of the trust. In re Fowler, 90 B.R. 375, 377 (Bkrtcy.N.D.Ill. 1988); In re Gus Hormovitis George Karahalios, 57 B.R. 471, 475 (Bkrtcy.N.D.Ill. 1985); In re Marriage of Mostow, 126 Ill. App.3d 67, 81 Ill.Dec. 490, 492, 466 N.E.2d 1292, 1294 (1984); Mid-West National Bank of Lake Forest v. Metcoff, 23 Ill. App.3d 607, 319 N.E.2d 336, 340-41 (1974). Burditt's asserts the language of the amendment stating that "upon all personal property belonging to the judgment debtor in the possession or control of the third party" changed the above existing law.

  7. Water Technologies Corp. v. Calco, Ltd.

    132 F.R.D. 670 (N.D. Ill. 1990)   Cited 7 times
    In Water Technologies, the court found the reasoning in Jaffe to be "the most convincing authority on the matter," and concluded that service of a citation does not create a lien.

    Asher v. U.S., 570 F.2d 682, (7th Cir.1978), Rochford v. LaserIn re Waner Corp., , 46 Ill.Dec. 94 [943], 949 [414 N.E.2d 1096, 1102] (1st Dist.1980), 89 B.R. 751, 755 (Bankr.N.D.Ill.1988), In re Fowler, 90 B.R. 375, 377 (Bankr.N.D.Ill.1988), In re Foluke, 38 B.R. 298, 301 (Bankr.N.D.Ill.1984), In re Hormovitis, 57 B.R. 471, 475 (Bankr.N.D.Ill.1985).

  8. In re Aroonsakul

    Case No. 05-52193-RBK (Bankr. W.D. Tex. Mar. 24, 2006)

    Under Illinois law, a beneficial interest in a land trust is considered to be intangible personal property. In re Nowicki, 202 B.R. 729, 737 (Bankr. N.D. Ill. 1996) (citing In re Barone, 184 B.R. 747, 749 (N.D. Ill. 1995); In re Fowler, 90 B.R. 375, 377 (Bankr. N.D. Ill. 1988); In re Marriage of Mostow, 126 Ill.App.3d 67, 466 N.E.2d 1292, 1294 (1st Dist. 1984)). The proper method under the Illinois Code of Civil Procedure to perfect a lien on intangible personal property is the filing of a Citation to Discover Assets under 735 ILL. COMP. STAT. 5/2-1402.

  9. In re Lifchitz

    131 B.R. 827 (Bankr. N.D. Ill. 1991)   Cited 14 times

    ; In re Waner, 89 B.R. 751, 755 (Bankr.N.D.Ill. 1988) (Schmeterer, J.); In re Fowler, 90 B.R. 375, 377 (Bankr.N.D.Ill. 1988) (Coar, J.); In re Einoder, 55 B.R. 319, 325 (Bankr.N.D.Ill. 1985) (Ginsberg, J.)

  10. In re Jaffe

    111 B.R. 701 (Bankr. N.D. Ill. 1990)   Cited 15 times
    Finding that initiation and service of citation did not create lien on debtor's bank account

    Later bankruptcy decisions only follow the earlier cases — beginning with the ill-advised Stoner opinion — in holding that the initiation of supplementary proceedings creates a lien in various types of intangible personal property. In the Matter of Einoder, 55 B.R. 319, 324 (Bankr.N.D.Ill. 1985); In re Waner Corp., 89 B.R. 751, 755 (Bankr.N.D.Ill. 1988); In re Fowler, 90 B.R. 375, 377, 380 (Bankr.N.D.Ill. 1988). This Court is not bound by, and cannot agree with, these holdings. It is for Illinois, not this Court, to determine how judgment liens are created.