Harris N.A. v. Harris

Illinois Appellate Court
Civil Court
Citation
Case Number: 
2012 IL App (1st) 113813
Decision Date: 
September 4, 2012
District: 
1st Dist.
Division/County: 
Cook Co.,1st Div.
Justice: 
HOFFMAN
Holding: 
Affirmed.
Court properly entered summary judgment for bank against former married couple, alleging that husband had defaulted on a note and had fraudulently transferred assets to wife. Stipulated agreement between wife and U.S. limited reach of forfeiture judgment to two real properties. That agreement put a value on marital estate does not change scope of husband's forfeiture, and forfeiture does not bereave him of any property interests he could have transferred fraudulently. Wife had access to more than $1 million in her own funds, thus belying her claim that she needed to sell assets to pay for household expenses. (HALL and KARNEZIS, concurring.)