Bankruptcy Law, General Legal
The United States Bankruptcy Court for the Northern District of Illinois, just ruled on a case regarding a motion for relief from stay, but with a twist. In almost every case, it’s the creditor who’s asking for relief from the automatic stay after a debtor... read more
Real Estate Law
There was an article in today’s Chicago Tribune warning of all the potential pitfalls to buyers on purchasing a house through a short sale. While it’s true that there are many potential landmines for a buyer, you can still get a great deal. Just make sure... read more
Bankruptcy Law
A last ditch effort at private mediation failed on Tuesday, setting Hostess on a course for liquidation, assuming the bankruptcy court does not grant pending objections to the plan submitted by Hostess. Here’s the story:... read more
Bankruptcy Law
Hostess Brands, Inc., agreed to private mediation at the urging of U.S. Bankruptcy Judge Robert Drain of the Southern District of New York. The mediation is scheduled to take place between Hostess and the Bakery, Confectionary, Tobacco Workers and Grain... read more
Bankruptcy Law, General Legal
The U.S. Bankruptcy court for the Northern District of Illinois ruled in the case of City of Chicago v. Norman Paul Wexler, 12 A 338, that the Chapter 7 trustee could not intervene in the adversary proceeding filed by the City of Chicago against the debtor, Norman... read more
General Legal, Personal Injury Law
MHM Services v. Assurance Company of America involves a dispute over liability coverage of an umbrella policy for MHM Services, a company that screens inmates for the Illinois Department of Corrections that are nearing the end of their term, but are eligible for... read more
General Legal
In Gerard Kenny v. Kenny Industries, 2012 IL App (1st) 111782, the Court ruled that members of a share purchase agreement cannot assign a debt owed to them arising out of one cause of action to use as a set off against a judgment in another cause of action because the... read more
Bankruptcy Law
In Aurora Loan Services v. Pajor, 2012 Ill.App3d 110899, the Appelate court upheld a denial of defendant’s 2-1401 motion to vacate a foreclosure judgment because 1) there were no new facts not already in the record on appeal which necessitated the motion and 2)... read more
Bankruptcy Law, General Legal
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... read more
General Legal
The Illinois Supreme Court allows a lawsuit challenging the constitutionality of Cook County’s assault weapons ban to proceed. in Wilson v. County of Cook, 2012 IL 112026, Cook County’s longstanding ban on so-called, “assault weapons” was... read more
General Legal
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... read more
General Legal
In A.B.A.T.E. of Illinois, Inc. v. Quinn, 2011 IL 110611, the Illinois Supreme Court let stand an appellate court decision in which the Illinois General Assembly was allowed to take funds out of the Cycle Rider Safety Training Fund and transfer them into the General... read more
