WELLS FARGO BANK, N.A. v. SIEGEL

No. 07-2581.

540 F.3d 657 (2008)

WELLS FARGO BANK, N.A., Plaintiff-Appellant, v. Paul SIEGEL, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided September 2, 2008.


Attorney(s) appearing for the Case

Robert Lindstrom (argued), Mustain, Lindstrom & Henson, Galesburg, IL, Randall L. Mitchell, (argued) Adducci, Dorf, Lehner, Mitchell & Blankenship Chicago, IL, for Plaintiff-Appellant.

Timothy J. Rathbun (argued), Rathbun, Cservenyak & Kozol, Joliet, IL, for Defendant-Appellee.

Before EASTERBROOK, Chief Judge, and WOOD and SYKES, Circuit Judges.


WOOD, Circuit Judge.

Ty-Walk Liquid Sales, Inc., provided products and marketing services to farmers. Unfortunately, it fell on hard times and closed its doors on August 23, 2001, leaving behind millions of dollars of debt that it owed to Wells Fargo Bank, N.A. The debt was secured by, among other things, Ty-Walk's accounts receivable, and one of those accounts was with defendant Paul Siegel. When it could not collect from Ty-Walk, Wells Fargo turned to Siegel to...

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