United States Seventh Circuit

The bankruptcy court's decision to allow defendant-creditor to exercise its right of setoff is affirmed where, even though defendant acted as a provider for one obligation and a lender for the other, mutuality was still present since both parties were obligor and obligee.

Appellate Information

• Argued 02/12/2004
• Decided 09/23/2004
• Published 09/23/2004

Judges

• ILANA DIAMOND ROVNER, Circuit Judge., Before CUDAHY, COFFEY, and ROVNER, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• Norman P. Jeddeloh, George P. Apostolides (argued), Arnstein & Lehr, Chicago, IL, for Debtor-Appellant.


• For Appellees:
  
• Richard S. Alsterda, Alex Pirogovsky (argued), Ungaretti & Harris, Chicago, IL, for Appellee.