The Changing Landscape of Lending Relationships: Guarantors Receive Expanded Rights in Illinois
In this economy, it will come as a shock to no one that creditors are finding that their principal borrower’s
Receivers and Assignees in Illinois: Minimizing Personal Risk While Fulfilling Your Duties
As we all fight our way through historic economic times, there has been a tremendous increase in borrowers striking back
Practical Rules for Creditors: Protecting Your Secured Interests in Collateral
Without question, the best business and legal solutions are the ones that are not generated in the courtroom; instead, they
Consider the Setoff: Strategies for Creditors after a Bankruptcy Filing
All too often, a bankruptcy petition is met with immediate frustration. Vendors, lenders and customers are left believing that they
Chapter 15 of the Bankruptcy Code: “New” Cross-Border Insolvency Cases
Chapter 15 was added to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. It
Breach of Fiduciary Duty in the Context of Insolvency: Can Individual Creditors Seek Recovery?
In the context of today’s distressed financial markets, we have witnessed desperate people doing desperate things. Financial fraud (i.e., fraud
Working with a Financially Distressed Customer: The ABCs of an Assignment for the Benefit of Creditors
When faced with the deteriorating financial condition of a customer or client, there is one simple rule of thumb that
Working with a Financially Distressed Customer: The ABCs of an Assignment for the Benefit of Creditors
When faced with the deteriorating financial condition of a customer or client, there is one simple rule of thumb that
Anatomy of an Auction: Maximizing Asset Value through a Bankruptcy Sale
Going once…going twice…sold! In a time when banks and borrowers increasingly use auctions to dispose of assets, well-conceived bid procedures
To Forbear or Sue: An Easy Decision for Creditors
reditors are frequently confronted with the quandary of either suing a debtor immediately, or offering to forbear from taking legal