In re Crane, BR 11-90592, 2012 WL 1155738 (Bankr. C.D. Ill. Apr. 5, 2012); on appeal as, The Gifford State Bank v Richardson, 12-CV-21146 (C. D. Ill.).
Summary: Illinois land trusts are a vehicle for property ownership where the beneficiary retains control, and are not “third party” entities for purposes of the “fraudulent...
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