By Rick Archer (June 16, 2022, 7:25 p.m. EDT) — The Seventh Circuit determined Thursday that a property tax lien buyer had no right to the deed of a bankrupt restaurant, saying it had missed the opportunity to challenge the cash payment promised in the owners’ bankruptcy plan.
While saying all disputing parties made a ‘mess’ of the case, panel found Wheeler Financial acted as party to bankrupt restaurateurs Ramon and Bertha Aguirre and did not contest confirmation of the plan, claiming that they therefore could not look for a recovery not in the plan.
“Because Wheeler is a party, the plan has been confirmed,…
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