Bankruptcy Law update

Bankruptcy Law update

In re: Leroy Williams concerned the ability of a creditor to collect on collateral which is also redeemable by the debtor. It involved the case of a debtor who filed a Chapter 13 action and whose corporation once owned buses which were held as collateral for the...
Limits Placed on Illinois Anti-SLAPP statute

Limits Placed on Illinois Anti-SLAPP statute

In Sandholm v.Keckler, 943 N.E.2d 1109, 239 Ill.2d 589 the Illinois Supreme Court ruled that the Citizen Participation Act (735 ILCS 110/1 et seq.) does not bar lawsuits against those petitioning government bodies when there are meritorious claims alleged in the suit...
Bankruptcy Law Update

Bankruptcy Law Update

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...