United States Seventh Circuit

Bankruptcy court decision that a loan was not secured by the bankrupt hospital's accounts receivable is reversed where there was no contradiction or inconsistency between the various loan and security documents, and the plain and unambiguous language of a previously executed dragnet clause established the accounts receivable as security.

Appellate Information

• Argued 01/17/2007
• Decided 03/14/2007
• Published 03/15/2007

Judges

• FLAUM, Circuit Judge., Before FLAUM, KANNE, and EVANS, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellees:
  
• Gordon W. Gates (argued), Gates, Wise & Schlosser, Springfield, IL, for Defendant-Appellant., Jeffrey D. Richardson (argued), Tietz & Richardson, Decatur, IL, for Plaintiff-Appellee.