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KHAM & NATE'S SHOES NO. 2 v. FIRST BANK

No. 89-3001.

908 F.2d 1351 (1990)

KHAM & NATE'S SHOES NO. 2, INC., Debtor-Appellee, v. FIRST BANK OF WHITING, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided July 19, 1990.

Rehearing and Rehearing Denied October 12, 1990.

Attorney(s) appearing for the Case

John T. Cusack, Gordon B. Nash, Jr., Brian A. Bosch, Gardner, Carton & Douglas, Chicago, Ill., for plaintiff-appellant.

JoAnn M. Hornak, Lord, Bissell & Brook, James H.M. Sprayregen, Rudnick & Wolfe, Chicago, Ill., for debtor-appellee.

Before WOOD, Jr., and EASTERBROOK, Circuit Judges, and ESCHBACH, Senior Circuit Judge.

Rehearing and Rehearing En Banc Denied October 12, 1990.

EASTERBROOK, Circuit Judge.

Kham & Nate's Shoes No. 2, Inc., ran four retail shoe stores in Chicago. It has been in bankruptcy since 1984, operating as a debtor in possession. First Bank of Whiting, one of Kham & Nate's creditors, appeals from the order confirming its plan of reorganization. This order not only reduces the Bank's secured claim to unsecured status but also allows Khamolaw Beard...

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