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IN RE SETTLERS' HOUSING SERVICE, INC.

No. 13-28022.

505 B.R. 483 (2014)

In re SETTLERS' HOUSING SERVICE, INC., Debtor.

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

January 16, 2014.

Attorney(s) appearing for the Case

William J. Factor , Ariane Holtschlag , David Paul Holtkamp , Law Office of William J. Factor, Ltd., Chicago, IL, for Debtor.

Francis X. Buckley, Jr. , Matthew Johns , Todd A. Rowden , Emily L. Peel , Thompson Coburn LLP, Chicago, IL, for Schaumburg Bank & Trust Company.

Elizabeth E. Richert , Eugene J. Schiltz , Coleman Law Firm, Chicago, IL, for Robert Markay.

Office of the U.S. Trustee, Region 11, Chicago, IL.

Douglas Chalmers , Douglas M. Chalmers, P.C., Chicago, IL, for Connie M. Saiger and John J. Frale.

FINDINGS OF FACT AND CONCLUSIONS OF LAW ON SCHAUMBURG BANK'S MOTION TO LIFT THE AUTOMATIC STAY

JACK B. SCHMETTERER, Bankruptcy Judge.

Debtor, Settlers' Housing Service Inc. ("Settlers'"), filed for bankruptcy relief under chapter 11 of the Bankruptcy Code. Creditor, Schaumburg Bank and Trust Co. ("Schaumburg Bank" or "the Bank"), moved for relief from the automatic stay under § 362(d), asserting (1) lack of adequate protection of its interest in certain...

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