Richer v. Morehead

(7th Cir. Aug. 11, 2015)

The Seventh Circuit affirms the bankruptcy court’s decision upholding the creditor’s claim following the debtor’s objection. The court analyzes an equity participation agreement entered into by the debtor and the creditor and ultimately decides the creditor’s interpretation of a notice provision and associated deadlines for converting the participation interest to a demand note is the more plausible interpretation. Opinion below.

2015-08-11 – richer v morehead

Author: Matt Lindblom