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IN RE LOPEZ

Bankruptcy No. 13-bk-37072. Adversary No. 13-ap-1446.

511 B.R. 517 (2014)

In re Gerardo LOPEZ & Maria Lopez, Debtors. Gerardo Lopez & Maria Lopez, Plaintiffs v. Credit Union One, Defendants.

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

Signed June 16, 2014.

Attorney(s) appearing for the Case

Joseph C. Michelotti , Michelotti & Associates Ltd., Oakbrook, IL, for Plaintiffs.

Matthew Grob, Esp. Kreuzer Cores & McLaughlin, LLP, Wheaton, IL, for Defendants.

MEMORANDUM OPINION ON CREDIT UNION ONE'S MOTION TO DISMISS

JACK B. SCHMETTERER, Bankruptcy Judge.

Gerardo and Maria Lopez, ("Debtors") filed a joint petition seeking bankruptcy relief under Chapter 13. Subsequently, they filed this adversary proceeding seeking to strip down the first mortgage on their home at 1347 58th Court in Cicero, Illinois (the "Property") held by defendant Credit Union One (the "Lender"), thus bifurcating the mortgage into secured...

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