BLOOMFIELD STATE BANK v. U.S.

No. 10-3939.

644 F.3d 521 (2011)

BLOOMFIELD STATE BANK, Plaintiff-Appellant, v. UNITED STATES of America, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided May 11, 2011.


Attorney(s) appearing for the Case

R. Brock Jordan (argued), Attorney, Rubin & Levin, Indianapolis, IN, for Plaintiff-Appellant.

Melissa Briggs (argued), Attorney, Department of Justice, Washington, DC, for Defendant-Appellee.

Before POSNER, WOOD, and TINDER, Circuit Judges.


POSNER, Circuit Judge.

The question presented is whether a mortgage that assigns future rental income to the mortgagee creates a security interest that takes priority over a federal tax lien. The answer depends on whether such an assignment constitutes an "interest in property acquired by contract for the purpose of securing payment or performance of an obligation" and whether when the interest is acquired "the property is in existence and the interest has...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases