MATTER OF EXCELLO PRESS, INC.

No. 88-2726.

890 F.2d 896 (1989)

In the Matter of EXCELLO PRESS, INC., Debtor. Appeal of METLIFE CAPITAL CREDIT CORPORATION.

United States Court of Appeals, Seventh Circuit.

Decided November 20, 1989.

Rehearing and Rehearing Denied December 28, 1989.


Attorney(s) appearing for the Case

Alexander Terras, Robert J. Peters, Mitchell E. Jones, Epton, Mullin & Druth, Chicago, Ill., for Metlife Capital Credit Corp.

Ronald R. Peterson, Larry M. Wolfson, Jenner & Block, Daniel A. Zazove, Towbin & Zazove, Chicago, Ill., for Excello Press, Inc.

Before COFFEY, EASTERBROOK and RIPPLE, Circuit Judges.


Rehearing and Rehearing En Banc Denied December 28, 1989.

EASTERBROOK, Circuit Judge.

Secured creditors are usually the lucky ones in a bankruptcy proceeding, for they can turn to specific assets to satisfy their claims rather than joining the queue of claimants. Many times, however, the creditor is under-secured and must join the unsecured creditors to get back a portion of what is still owed. This case is about what such a creditor must do to share in the...

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