MATTER OF MICH. AVE. NAT. BANK

Bankruptcy No. 77 B 5306.

2 B.R. 171 (1980)

In the Matter of MICHIGAN AVENUE NATIONAL BANK, as Trustee under Trust # 2214, Debtor. Marion AUGUST, Plaintiff, v. MICHIGAN AVENUE NATIONAL BANK, as trustee under Trust # 2214, Defendant.

United States Bankruptcy Court, N.D. Illinois, E.D.

January 11, 1980.


Attorney(s) appearing for the Case

Gerald M. Munitz, Nachman, Munitz & Sweig, Rosenthal & Schanfield, Chicago, Ill., for plaintiff.

Ronald M. Brown, Chicago, Ill., for debtor.


OPINION AND ORDER

RICHARD L. MERRICK, Bankruptcy Judge.

SYNOPSIS

Because the legal principles at issue in this case are so far reaching they will be discussed before the facts are described in any detail. The principal issue in the case is whether the mortgagor or the mortgagee is entitled to residual rents collected during the administration of a Chapter XII proceeding subsequently dismissed for failure to file a plan. Illinois law governs all...

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