» For Creditors

Glossary of Bankruptcy Terms

Glossary of Bankruptcy Terms 363 Case – A term that has come to describe a chapter 11 case that is filed largely to facilitate the sale of the debtor’s assets pursuant to the protections of §363 of the Bankruptcy Code, as compared to a case file… Read More
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Seventh Circuit issues new ruling on chapter 11 bankruptcy standing

The Court of Appeals in Chicago held on April 23, 2014, that an insurance company did not have standing to object to a chapter 11 debtor’s settlement with another insurance company because the objecting insurer did not suffer a direct pecuniary… Read More
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Categories: For Creditors

Life After Bankruptcy: Getting Back On Your Feet

Filing Bankruptcy and going through the discharge process can be an exhausting process. What can be even more daunting is thinking about life after Bankruptcy. Contrary to popular belief, filing Bankruptcy is not a one-way ticket to financial ruin fo… Read More
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The Keep Chicago Renting Ordinance Is In Full Effect – What It Means For Creditors

The Keep Chicago Renting Ordinance is in full effect today. The ordinance was passed by the Chicago City Council on June 5, 2013. The effective date of the ordinance was September 24, 2013. The law applies to certain foreclosed rental properties with… Read More
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