Bankruptcy judge enjoins proceedings against non-debtors

Trial Notebook

By Steven P. Garmisa

Hoey & Farina

Posted April 17, 2023 11:23 AM

Preliminary injunctions usually require a four-factor analysis on the likelihood of success on the merits, the potential for irreparable harm, a balancing of equities and consideration of the public interest. But a bankruptcy judge in Chicago entered a preliminary injunction — based on a streamlined set of two requirements — barring a bank from enforcing a judgment against two non-debtors pending a hearing on the debtor’s Chapter 11 plan.The debtor, 1600 Hicks Road LLC, owned the real estate that Exotic Motors Inc., a …

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