United States Seventh Circuit

Confirmation of debtor's Chapter 11 plan does not estop him from contending that a secured creditor liquidated some collateral in a commercially unreasonable manner. On remand, the bankruptcy court must ensure that the creditor applied the proceeds correctly to the debt.

Appellate Information

• Argued 10/24/2003
• Decided 02/02/2004
• Published 02/02/2004

Judges

• EASTERBROOK, Circuit Judge., Before BAUER, EASTERBROOK, and RIPPLE, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• Bradley T. Koch (argued), Holmstrom & Kennedy, Rockford, IL, for Debtors-Appellants.


• For Appellees:
  
• John J. Voorhees, Jr. (argued), Mayer, Brown, Rowe & Maw, Chicago, IL, for Appellee.