All items from Bankruptcy Blog

I enjoyed reading this reflective blog post from Ron Satjia, about the times when we feel “big” versus those times that we are “small.” Mr. Satjia fills the roles of […]

Posted 41 weeks 6 days ago

My friend David Yen got a favorable decision from the federal appeals court in Chicago the other week in one of his cases, so I thought it was a good […]

Posted 44 weeks 1 day ago

The Illinois Student Assistance Commission (“ISAC”) used the former firm of Friedman & Wexler, LLC (“F&W”) in Chicago for many years as its attorneys to assist with collecting defaulted student […]

Posted 1 year 16 weeks ago

Inspired by my 4-year-old, for my blog post today, I decided to draw a picture to summarize the Seventh Circuit’s recent ruling in Peoples National Bank v Banterra Bank (In re […]

Posted 1 year 26 weeks ago

Heidi Heffron-Clark inherited her mother’s IRA worth approximately $300,000. Her mother’s account passed to Heidi after her mother’s death. The IRA remains sheltered from taxation until the money is withdrawn, [...]

Posted 1 year 28 weeks ago

For those truly down on their luck with student loans, a recent decision from the federal appeals court in Chicago offers some new guidance for discharging those loans in bankruptcy. [...]

Posted 1 year 30 weeks ago

What happens to the property of a spouse when the other spouse files bankruptcy in the midst of divorce proceedings? This is an incredibly complicated area for parties and practitioners [...]

Posted 1 year 32 weeks ago

Cases concerning the necessary requirements for Illinois mortgages have been a hot topic in Illinois courts this past year. The U.S. District Court has returned a decision in one of [...]

Posted 1 year 35 weeks ago

The chapter 7 bankruptcy trustee of Canopy Financial, Inc., a former health care transaction software company based in Chicago, is seeking to recover more than $90 million of funds that [...]

Posted 1 year 37 weeks ago

The Illinois Wage Payment and Collection Act (Wage Act or Act) provides employees a cause of action to collect payment of earned wages or compensation due to them. [FN1] Wages [...]

Posted 1 year 39 weeks ago