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IN RE KIRSCH

Bankruptcy No. 85B2471, Adv. No. 85A754.

65 B.R. 297 (1986)

In re Glen A. KIRSCH, Debtor. FEDERAL DEPOSIT INSURANCE CORPORATION, assignee of Continental Illinois National Bank and Trust Company of Chicago, Plaintiff, v. Glen A. KIRSCH, Defendant.

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

October 1, 1986.

Attorney(s) appearing for the Case

Edward R. Jordon, Wheeling, Ala., for FDIC.

Bruce L. Wald, Tischler & Wald, Chicago, Ill., for Kirsch.

MEMORANDUM AND DECISION

ROBERT E. GINSBERG, Bankruptcy Judge.

The facts that have brought the present question before the court are undisputed. They are also somewhat bizarre. Glen Kirsch went into the oil business in a serious way in the early 1980's. He owned a number of leases for various properties in Illinois. He invested in other leaseholds in Kentucky and Texas. His success in the oil business was short lived. In the late 1984 and the early 1985,...

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