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IN RE SRJ ENTERPRISES, INC.

Bankruptcy No. 92 B 06101, Adv. No. 92 A 00771.

151 B.R. 189 (1993)

In re SRJ ENTERPRISES, INC., d/b/a Stephen Jones Nissan of Buffalo Grove, Debtor. NBD PARK RIDGE BANK, Plaintiff, v. SRJ ENTERPRISES, INC., d/b/a Stephen Jones Nissan of Buffalo Grove; and Success National Bank of Lincolnshire, f/k/a First National Bank of Lincolnshire, Defendants.

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

February 26, 1993.

Attorney(s) appearing for the Case

Edward J. Lesniak, Burke, Warren & MacKay, P.C., Chicago, IL, for NBD Park Ridge Bank.

Keevan D. Morgan, Durkin, Morgan, Roberts Barnett & Bley, Chicago, IL, for Success Nat. Bank of Lincolnshire f/k/a First Nat. Bank of Lincolnshire.

Mark S. Lieberman, Rosenthal & Schanfield, P.C., Chicago, IL, for debtor.

Katy Gleason, Dept. of Justice, Chicago, IL, for U.S. Trustee.

MEMORANDUM OPINION

RONALD S. BARLIANT, Bankruptcy Judge.

A junior lien creditor who financed a chapter 11 debtor's automobile dealership seeks to enhance its distribution from the proceeds of the sale of the debtor's business. To accomplish this, the junior creditor has filed a complaint with three counts relating to the recovery from the senior lien creditor of an allegedly preferential transfer and one count for equitable subordination of the senior creditor...

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