In re Quade

496 B.R. 520, 2013 WL 4033101, 2013 Bankr. LEXIS 3271
CourtUnited States Bankruptcy Court, N.D. Illinois
DecidedAugust 8, 2013
DocketNo. 12bk26779
StatusPublished
Cited by36 cases

This text of 496 B.R. 520 (In re Quade) 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 Quade, 496 B.R. 520, 2013 WL 4033101, 2013 Bankr. LEXIS 3271 (Ill. 2013).

Opinion

MEMORANDUM DECISION

TIMOTHY A. BARNES, Bankruptcy Judge.

This matter comes before the court on the Motion for Stay Pending Appeal (the “Motion”) [Docket No. 99] of Entertainment Events, Inc. (“EEI”) regarding the Merrill Lynch retirement accounts (the “Merrill Lynch Accounts ”) of Victoria C. Quade (the “Debtor”). For the reasons set forth below, pursuant to the bankruptcy court’s authority to tailor relief for the benefit of all parties in interest pursuant to Rule 8005 of the Federal Rules of Bankruptcy Procedure (“Rule 8005 ”), the court will conditionally impose a stay pending appeal as to the Merrill Lynch Accounts, subject to modification upon an application from the Debtor to this court, with notice to EEI, to lift said stay for a specific use of the funds contained in the Merrill Lynch Accounts.

JURISDICTION

The federal district courts have “original and exclusive jurisdiction” of all cases under title 11 of the United States Code (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 title 11 of the United States Code, or arising in or related to cases under title 11. 28 U.S.C. § 1334(b). District courts may, however, refer these eases 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 of its bankruptcy cases to the Bankruptcy Court for the Northern District of Illinois. N.D. Ill. Internal Operating Procedure 15(a).

A bankruptcy judge to whom a case has been referred may enter final judgment on any core proceeding arising under the Bankruptcy Code or arising in a case under title 11. 28 U.S.C. § 157(b)(1). A motion for stay pending appeal arises [524]*524under 28 U.S.C. § 157 and is specified as a core proceeding under 28 U.S.C. § 157(b)(2)(A). Doctors Hosp. of Hyde Park, Inc. v. Desnick (In re Doctors Hosp. of Hyde Park, Inc.), 376 B.R. 242, 245 (Bankr.N.D.Ill.2007) (Schmetterer, J.).

Accordingly, final judgment is within the scope of the court’s authority.

PROCEDURAL HISTORY

In considering the Motion, the court has evaluated the arguments of the parties at the July 24, 2013 hearing on the Motion (the “Hearing”), and has reviewed and considered the Motion itself, in addition to:

(1) Debtor’s Memorandum in Opposition to Motion for Stay Pending Appeal [Docket No. Ill];
(2) EEI’s Reply in Support of Motion for Stay Pending Appeal (the “Reply ”) [Docket No. 115]; and
(3) Debtor’s Memorandum Regarding Her Proposed Chapter 11 Plan [Docket No. 173],

The court has also taken into consideration all exhibits submitted in conjunction with the foregoing documents, as well as the orders underlying the appeal (the “Original Orders ”). Though these items together do not constitute an exhaustive list of the filings in the above-captioned bankruptcy case, the court has taken judicial notice of the contents of the docket in this matter. See Levine v. Egidi, No. 93-C-188, 1993 WL 69146, at *2 (N.D.Ill. March 8, 1993) (authorizing a bankruptcy court to take judicial notice of its own docket) (citing In re Fin. Partners, 116 B.R. 629, 635 (Bankr.N.D.Ill.1989) (Sonderby, J.)).

BACKGROUND

From consideration of the foregoing, the court finds as undisputed the following facts:

(1) On July 3, 2012, the Debtor commenced the above-captioned proceedings by filing a chapter 7 bankruptcy petition.
(2) On October 10, 2012, the court issued its Memorandum Decision (the “Original Memorandum Decision”) [Docket No. 58] regarding the Debt- or’s Motion to Avoid Judicial Lien on Exempt Property and Recover Exempt Property (the “Motion to Avoid Judicial Lien ”) [Docket No. 21] and EEI’s Motion for Relief from the Automatic Stay (the “Stay Relief Motion ”) [Docket No. 18], in which the court entered an order granting the Debtor’s Motion to Avoid Judicial Lien and granted in part EEI’s Stay Relief Motion as to those assets over which the Debtor did not claim an exemption, and in which EEI asserted a judicial lien as well as the value of assets exceeding the exemptions claimed by the Debtor. On that same day the court entered the Original Orders implementing the relief set forth in the Original Memorandum Decision.
(3) As a result of the Debtor’s Motion to Avoid Judicial Lien being granted, the Debtor avoided EEI’s lien against the Merrill Lynch Accounts, containing a value of approximately $199,000.
(4) EEI filed its Motion to Alter or Amend Judgment (the “Motion to Amend ”) [Docket No. 68] on October 24, 2012, asking this court to amend its judgment in the Original Memorandum Decision and rule that EEI’s lien against the Merrill Lynch Accounts was not avoided because the property was not part of the bankruptcy estate.
(5) On November 13, 2012, the court entered an order granting and denying in part EEI’s Motion to Amend, [525]*525leaving unaltered the exempt status of the Merrill Lynch Accounts.
(6) EEI filed a Notice of Appeal [Docket No. 86] on November 26, 2012, followed by its Designation of Record on Appeal and Statement of Issues on Appeal, which set forth as follows:
(A) Whether the turnover order entered in state court as to the Debt- or’s interest in certain Merrill Lynch Accounts, which was thereafter served on Merrill Lynch, effectively terminated Debtor’s legal interest in those accounts.
(B) Whether the Debtor had a legal or equitable interest in the Merrill Lynch Accounts when her bankruptcy petition was filed such that the Debtor could avoid a judicial lien on the Merrill Lynch Accounts.
(C) Whether the bankruptcy court erred in entering an order avoiding EEI’s judicial lien on Debtor’s Merrill Lynch Accounts pursuant to section 522(f)(1) of the Bankruptcy Code.
(7) On January 8, 2013, the court entered an order [Docket No. 107] for a temporary stay on the Merrill Lynch Accounts to maintain the status quo. That order has, by agreement of the parties, been extended from time to time thereafter up to the present.
(8) On May 7, 2013, the Debtor filed a Motion to Convert to Chapter 11 Case (the “Motion to Convert ”) [Docket No. 128] upon which the court has not yet ruled.

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

Related

Francis S Rathbun
C.D. Illinois, 2025
Tammy D Cook
C.D. Illinois, 2025
Frank F Lunn, IV
C.D. Illinois, 2025
Dean R Kohn
C.D. Illinois, 2025
S-Tek 1, LLC
D. New Mexico, 2022
Donald F Wellington
M.D. North Carolina, 2021
In re Kearney
590 B.R. 913 (D. New Mexico, 2018)
Gecker v. LG Funding, LLC (In re Hill)
589 B.R. 614 (N.D. Illinois, 2018)
In re Mendoza
584 B.R. 355 (D. New Mexico, 2018)
In re 9 Houston LLC
578 B.R. 600 (S.D. Texas, 2017)
Garcia v. P2 Properties (In re Garcia)
570 B.R. 635 (D. New Mexico, 2017)
In re Aquatic Pools, Inc.
567 B.R. 376 (D. New Mexico, 2017)
In re Ongaro
556 B.R. 474 (D. New Mexico, 2016)
In re Herrera
554 B.R. 262 (D. New Mexico, 2016)
In re Alliance Well Service, LLC
551 B.R. 903 (D. New Mexico, 2016)
In re Kachina Village, LLC
538 B.R. 124 (D. New Mexico, 2015)
In re Montes
526 B.R. 397 (D. New Mexico, 2015)

Cite This Page — Counsel Stack

Bluebook (online)
496 B.R. 520, 2013 WL 4033101, 2013 Bankr. LEXIS 3271, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-quade-ilnb-2013.