Last month was a big month for legal precedent and decisions. That is fitting, as the first day of May was officially “Law Day”.In this month’s Digest we have summarized two major decisions that will impact our clients. The decisions add either additional ammunition or armor to a creditor’s arsenal, and utilized correctly, these case precedents can help our clients achieve their objectives. Summaries of these two cases can be found below in the Monthly Insights section. There were two other decisions that were also relevant to our clients, which we summarized in previous blog posts. If you missed those summaries, check out In Case You Missed It to catch up on other recent and relevant legal precedent.
Community Spotlight – Lawyers Lend-A-Hand to YouthOn May 28, 2015, Lawyers Lend-A-Hand to Youth held its Annual Spring Awards Dinner at the Four Seasons Hotel in Chicago, celebrating honorees Karen Gatsis Anderson and Kimball R. Anderson and 20 years of Lawyers Lend-A-Hand to Youth. The event was hosted by Michelle Relerford of NBC 5 Chicago.The Andersons were awarded with the Abraham Lincoln Marovitz Philanthropic Award for their years of commitment and dedication to tutoring and mentoring in the Chicago community. Lawyers Lend-A-Hand to Youth calls upon members of the legal profession, who are uniquely situated to make a profound impact on young people’s lives, to assist in supporting tutoring and mentoring programs for underserved youth in Chicagoland.Carlson Dash member Autumn Sharp is a board member and Program Committee Chair of Lawyers Lend-A-Hand to Youth. Carlson Dash was proud to sponsor this event.
Consent to Jurisdiction for Non-Core Issues Allowed in Bankruptcy Proceedings
The United States Supreme Court recently decided that parties can consent to Bankruptcy Court jurisdiction on non-core issues. This is a key decision affecting the rights of parties in bankruptcy proceedings. Read more here.
Lender’s Release of One Co-Borrower Does Not Release All
A lender’s release of one co-borrower does not necessarily release all. That is the message sent by the Appellate Court of Illinois, First District, in a striking decision filed on May 27, 2015. Read more here.
Catch up on our legal news and blogs that were published over the the past month. Stay on top of current industry trends and relevant knowledge that will help you make more informed business decisions.