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IN RE MOTEL INV. GROUP, INC.

Bankruptcy Nos. 93 B 04960, 93 A 00595.

164 B.R. 283 (1994)

In re MOTEL INVESTMENT GROUP, INC., Debtor. MOTEL INVESTMENT GROUP, INC., Plaintiff, v. Michael WU, Defendant.

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

February 23, 1994.

Attorney(s) appearing for the Case

Michael J. Davis, Flynn, Cosentino, Ltd., Lisle, IL, for plaintiff.

Thomas Jaros, Smith, Williams & Lodge, Chicago, IL.

Arnold Landis, Chicago, IL, for defendant.

J. Joseph Little, Hamblet, Casey, Oremus & Valin, Chicago, IL.

William Hunter, Chicago, IL.

Edward Bradley, Chicago, IL.

MEMORANDUM OPINION AND FINDINGS OF FACT AND CONCLUSIONS OF LAW

ERWIN I. KATZ, Bankruptcy Judge.

Motel Investment Group, Inc. ("Debtor") is a corporation formed to acquire a motel property (the "Motel"). The Motel was owned and operated by Michael Wu ("Wu"). Wu, together with John Huang, William Lin and Judy Chen, formed the corporate debtor as a vehicle to transfer the property to the new group who would then finance its rehabilitation and conversion into...

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