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IN RE FORD CITY CONDOMINIUM ASSOCIATION

Case No. 21-05193 Adv. Proc. No. 23-201.

653 B.R. 424 (2023)

IN RE: FORD CITY CONDOMINIUM ASSOCIATION, City of Chicago, Illinois, Plaintiff, v. Ford City Condominium Association, et al. Defendants.

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

Signed August 31, 2023.

Attorney(s) appearing for the Case

Bryan R. Bagdady, Corporate & Estate Legal Services, Ltd., Oakbrook Terrace, IL, for Defendant Irena A. Bagdady.

Robert W. Brunner, Bryan Cave LLP, Chicago, IL, for Defendant Citibank, FSB.

Natalie Burris, Hinshaw & Culbertson LLP, Chicago, IL, for Defendant US Bank, NA.

Monette W. Cope, Weltman Weinberg & Reis Co LPA, Chicago, IL, Scott D. Fink, Weltman, Weinberg & Reis Co LPA, Brooklyn Hts, OH, for Defendant The Huntington National Bank.

Caleb Halberg, Dykema Gossett PLLC, Chicago, IL, for Defendant US Bank Trust Company, NA.

Jeffrey Strange, Jeffrey Strange & Associates, Wilmette, IL, for Defendant Gregory Lapapa.

Charles A. King, Chicago Department of Law, Chicago, IL, Jaime Dowell, David Paul Holtkamp, John R. Slagle, Chicago, IL, for Plaintiff.

Jeffrey L. Gansberg, Office of the United States Trustee, Chicago, IL, for U.S. Trustee.

MEMORANDUM OPINION

The City of Chicago filed this proceeding seeking relief under the Illinois Condominium Property Act, 765 ILCS § 605/14.5. Specifically, the City seeks to have the court (1) declare the property managed by the Debtor Ford City Condominium Association a "distressed...

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