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FEDERAL DEPOSIT INS. CORP. v. WOOTEN

No. 87 C 4746.

80 B.R. 917 (1987)

FEDERAL DEPOSIT INSURANCE CORPORATION, Appellant, v. James WOOTEN, Trustee of the Estate of Edward A. Williams, Debtor, et al., Appellees.

United States District Court, N.D. Illinois, E.D.

December 10, 1987.

Attorney(s) appearing for the Case

Raymond F. Gunn, Sutton & Gunn, Chicago, Ill., for Edward A. Williams, debtor.

James H. Wooten, Gardner, Carton & Douglas, Chicago, Ill., for trustee and Estate of Williams, debtor.

John Collen, Chapman & Cutter, Chicago, Ill., for FDIC.

MEMORANDUM OPINION

KOCORAS, District Judge:

The Federal Deposit Insurance Corporation ("FDIC"), as the receiver of Tri-State Bank ("Tri-State"), is appealing the decision of the United States Bankruptcy Court denying FDIC's motion for modification of an automatic stay. For the following reasons, the decision of the court below is reversed and the case remanded.

FACTS

Edward A. Williams ("Williams...

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