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IN RE STAYNER

Bankruptcy No. 93 B 17766. Adv. No. 94 A 01943.

185 B.R. 557 (1995)

In re Vance A. and Sharon F. STAYNER, Debtors. Vance A. and Sharon F. STAYNER, Plaintiffs, v. VILLAGE OF SUGAR GROVE, et al., Defendants.

United States Bankruptcy Court, N.D. Illinois, Eastern Division.

August 30, 1995.

Attorney(s) appearing for the Case

Charles J. Myler, G. Alexander McTavish, Richard J. Larsen, Myler Ruddy & McTavish, Aurora, IL, for plaintiffs.

Karen R. Goodman and Paul C. Marengo, Hinshaw & Culbertson, Chicago, IL, for Certain Bondholder defendants.

Bernard K. Weiler, Mickery Wilson Weiler & Renzi, Aurora, IL, for defendant Village of Sugar Grove.

MEMORANDUM OPINION ON DEFENDANT-BONDHOLDERS' MOTION TO DISMISS COUNT I

JACK B. SCHMETTERER, Bankruptcy Judge.

INTRODUCTION

This Adversary proceeding relates to the bankruptcy case filed by debtors Vance A. Stayner and Sharon F. Stayner ("Debtors") under Chapter 11 of the Bankruptcy Code, 11 U.S.C. § 101, et seq. (1995).

Circumstances giving rise to this proceeding spring from a series of municipal bonds issued...

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