In re: Northwest Bancorporation of Illinois, Inc.

CourtUnited States Bankruptcy Court, N.D. Illinois
DecidedMay 4, 2026
Docket21-08123
StatusUnknown

This text of In re: Northwest Bancorporation of Illinois, Inc. (In re: Northwest Bancorporation of Illinois, Inc.) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, N.D. Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re: Northwest Bancorporation of Illinois, Inc., (Ill. 2026).

Opinion

UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION ) In re: ) Case No. 21bk08123 ) Northwest Bancorporation of Illinois, Inc., ) Chapter 11 ) Debtor. ) Judge Timothy A. Barnes ) TIMOTHY A. BARNES, Judge. MEMORANDUM DECISION The matter before the court comes on for consideration on the Reorganized Debtor’s Motion to Reopen Chapter 11 Case [Dkt. No. 394] (the “Motion to Reopen’), filed by Northwest Bancorporation of Illinois, Inc. (“(NWBC’’) in the above-captioned bankruptcy case. On December 19, 2025, when the Motion to Reopen was filed, without waiting for ruling on the Motion to Reopen and without leave of the court, NWBC also filed the complaint the Motion to Reopen seeks leave to commence. Complaint [Dkt. No. 396] (the “Complaint’”). ‘The filing of the Complaint automatically commenced the adversary proceeding styled as Northwest Bancorporation of Illinois, Inc. and First Bank and Trust Company of I/tnors v. Robert Hershenhorn, Adv. Pro. No. 25ap00400 (the “Adversary Proceeding”’). The Motion to Reopen was first considered by the court at a hearing on January 6, 2026, and later at a hearing on January 13, 2026, at which later hearing NWBC was ordered to provide supplemental briefing on the court’s authority to hear and the propriety of hearing the matter addressed in the Complaint. See [Scheduling] Order [Dkt. No. 399]. No parties other than NWBC appeared at either of these initial hearings. On January 23, 2026, NWBC filed the supplemental briefing ordered by the court. Brief □□ Support of Reorganized Debtor’s Motion to Reopen Chapter 11 Case [Dkt. No. 400] (the “Brief in Support”). On January 30, 2026, counsel to Robert Hershenhorn (“Hershenhorn’’), the target of the Adversary Proceeding, filed an unsolicited Statement of Robert Hershenhorn Regarding Post- Confirmation Jurisdiction and Non-Consent [as amended, Dkt. No. 403] (the “Statement in Opposition’). The parties appeared before the court on February 10, 2026 (the “Hearing”). At the Hearing, the court heard oral arguments from the parties. The court then took the Motion to Reopen under advisement, setting a later hearing for March 31, 2026, and continuing that hearing ultimately to May 5, 2026, for ruling should the court not rule prior to that time. For the reasons more fully set forth below, the Motion to Reopen will be denied and the Adversary Proceeding will be dismissed.

JURISDICTION The federal district courts have “original and exclustve jurisdiction” of all cases under the Bankruptcy Code.’ 28 U.S.C. § 1334(a). The federal district courts also have “original but not exclusive jurisdiction” of all civil proceedings arising under the Bankruptcy Code or arising in or related to cases under the Bankruptcy Code. 28 U.S.C. § 1334(b). District courts may refer these cases to the bankruptcy judges for their districts. 28 U.S.C. § 157(a). In accordance with section 157(a), the District Court for the Northern District of Illinois has referred all its bankruptcy cases to the Bankruptcy Court for the Northern District of Ilhnois. N.D. ILL Internal Operating Procedure 15(a). A bankruptcy judge to whom a case has been referred has statutory authority to enter final judgment on any proceeding arising under the Bankruptcy Code or arising in a case under the Bankruptcy Code. 28 U.S.C. § 157(b)(1). Bankruptcy judges must therefore determine, on motion or sponte, whether a proceeding 1s a core proceeding or is otherwise related to a case under the Bankruptcy Code. 28 U.S.C. § 157(b)(3). As to the former, the bankruptcy court may hear and determine such matters. 28 U.S.C. § 157(b)(1). As to the latter, the bankruptcy court may hear the matters but may not decide them without the consent of the parties. 28 U.S.C. §§ 157(b)(D), (©). Absent consent, the bankruptcy court must “submit proposed findings of fact and conclusions of law to the district court, and any final order or judgment shall be entered by the district judge after considering the bankruptcy judge’s proposed findings and conclusions and after reviewing de novo those matters to which any party has timely and specifically objected.” 28 U.S.C. § 157(c)(1). In addition to the foregoing considerations, a bankruptcy judge must also have constitutional authority to hear and determine a matter. Sverm v. Marshall, 564 U.S. 464 (2011). Constitutional authority exists when a matter originates under the Bankruptcy Code or, in noncore matters, where the matter 1s either one that falls within the public rights exception, zd, or where the parties have consented, either expressly or impliedly, to the bankruptcy court hearing and determining the matter. See, e.g, Wellness Int'l Network, Lid. v. Sharif, 575 U.S. 665, 669 (2015) (parties may consent to a bankruptcy court’s jurisdiction); Richer v. Morehead, 798 F.3d 487, 490 (7th Cir. 2015) (noting that “implied consent is good enough.”). The specific jurisdictional issue presented here is, however, more nuanced. It will be addressed below as the court analyzes the appropriateness of NWBC’s requests. BACKGROUND The Motion to Reopen seeks authority to reopen the above captioned case (the “2021 Case”) in order to permit NWBC to bring and prosecute the Adversary Proceeding. ‘The Adversary Proceeding, in turn involves allegations of the actions and inactions of Hershenhorn, such actions occurring in the 2021 Case and prior to it and stemming from a prior case under chapter 11 of the Bankruptcy Code styled as In re Northwest Bancorporation of Illinois, Inc., Case No. 15bk15245 (Bankr.

| 11 U.S.C. §§ 101, e7 seg. (the “Bankruptcy Code”). Throughout this Memorandum Decision, the court may also make reference to the Federal Rules of Crvil Procedure (the “Crvil Rules” and, as to each, “Civil Rule”) and the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules” and, as to each, “Bankruptcy Rule ___”’).

N.D. Ill. case commenced April 29, 2015) (the “2015 Case” and, together with the 2021 Case, the “Bankruptcy Case”). The claims against Hershenhorn involve multiple entities and varying degrees of interrelatedness between them. NWBC 1s a bank holding company with a wholly owned operating subsidiary, First Bank and Trust Company of Illinois (“First Bank”). First Bank operates as a full service, commercial bank in Illinois. NWBC is the sole shareholder of First Bank. Hershenhorn was the sole prepetition shareholder and a member of the board of directors of NWBC, as well as the chairman of First Bank’s board of directors. At some point in the 2021 Case, AmeriNational Community Services, LLC (“AmeriNat’), to help restructure NWBC’s balance sheet and acquire ownership of it, purchased certain claims held by various creditors of NWBC. As a result, AmeriNat became one of the largest creditors of NWBC. During the 2021 Case, a chapter 11 trustee (the “Irustee”) was appointed. Order Approving the Appointment of a Chapter 11 Trustee [Dkt. No. 155].

Free access — add to your briefcase to read the full text and ask questions with AI

Related

United Student Aid Funds, Inc. v. Espinosa
559 U.S. 260 (Supreme Court, 2010)
Celotex Corp. v. Edwards
514 U.S. 300 (Supreme Court, 1995)
Circuit City Stores, Inc. v. Adams
532 U.S. 105 (Supreme Court, 2001)
Redmond v. Fifth Third Bank
624 F.3d 793 (Seventh Circuit, 2010)
In Re Thomas. Thomas v. Lurie
204 F.2d 788 (Seventh Circuit, 1953)
The Home Insurance Company v. Cooper & Cooper, Ltd.
889 F.2d 746 (Seventh Circuit, 1989)
Pettibone Corporation v. Carl Easley
935 F.2d 120 (Seventh Circuit, 1991)
In the Matter of Gladys E. Shondel, Debtor-Appellant
950 F.2d 1301 (Seventh Circuit, 1991)
In Re Diana Lynn HARVEY, Debtor-Appellant
213 F.3d 318 (Seventh Circuit, 2000)

Cite This Page — Counsel Stack

Bluebook (online)
In re: Northwest Bancorporation of Illinois, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-northwest-bancorporation-of-illinois-inc-ilnb-2026.