All items from Bankruptcy Blog

Can a debtor keep a valuable Book of Mormon even after filing chapter 7 bankruptcy? A debtor in southern Illinois is challenging the trustee’s efforts to recover and sell such […]

Posted 2 weeks 6 days ago

Two recent opinions from the 7th Circuit this past week show how mistakes can happen, but you can’t always fix them. And there are consequences. In Katsman, the 7th Circuit […]

Posted 4 weeks 22 hours ago

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 46 weeks 4 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 48 weeks 6 days 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 21 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 30 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 The IRA remains sheltered from taxation until the money is withdrawn, [...]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 32 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 34 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 36 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 39 weeks ago