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DAVIS v. CHICAGO MUN. EMPLOYEES CREDIT UNION

No. 88-3166.

891 F.2d 182 (1989)

James DAVIS and Gloria Davis, Appellants in the district court — Appellees before the Court of Appeals, v. CHICAGO MUNICIPAL EMPLOYEES CREDIT UNION, Appellees in the district court — Appellants before the Court of Appeals.

United States Court of Appeals, Seventh Circuit.

Decided December 12, 1989.

Attorney(s) appearing for the Case

Linda Spak (argued), Spak & Associates, Chicago, Ill., for plaintiffs-appellees.

Edward L. Janski (argued), Frederick Heiss (argued), Chicago, Ill., for defendants-appellants.

Before COFFEY and EASTERBROOK, Circuit Judges, and ESCHBACH, Senior Circuit Judge.

ESCHBACH, Senior Circuit Judge.

James and Gloria Davis filed a joint petition for bankruptcy under Chapter 7 of the Bankruptcy Code, 11 U.S.C. § 101, et seq. In the bankruptcy proceeding they filed an adversarial complaint against the Chicago Municipal Employees Credit Union ("CMECU") charging that a security interest held by CMECU in James Davis's contingent pension refunds was invalid. The complaint attacked the security interest by asserting its invalidity...

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