Bankruptcy Law, General Legal
In re: The Shorebank Corp., et al, 12 B 581, a chapter 11 case, the Court ruled that allegations of a conflict of interest are not enough to compel the U.S. Trustee to reconstitute the membership of a creditors’ committee. The movant must show a breach of... read more
Bankruptcy Law, General Legal
In re: Olde Prairie Block Owner, LLC, 10 B 22668, involves a single asset case where a secured creditor is asking the Court to lift the automatic stay and grant the secured creditor’s motion to dismiss to allow it to proceed with its foreclosure action against... read more
General Legal
State Representative Jim Sacia (R-Freeport) is sponsoring a bill that would create an exemption under the Prevailing Wage Act for government projects that cost less than $20,000. So far, it has not received a hearing in the House Labor Committee. read more
Bankruptcy Law
If you considering filing for bankruptcy be sure you know the full extent of property exemptions you are entitled to. Illinois allows exemptions for many areas to help those filing for bankruptcy to get back on their feet again. Some of the exemptions include: the... read more
Wills & Estate Law
Illinois just reestablished its estate tax last year. Governor Quinn signed legislation that will raise the amount excluded from the estate tax from the $2,000,000 for in 2011 to $3,500,000 in 2012. If you have estate tax law questions, don’t hesitate to email... read more
