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Mack Industries - Agenda for January 15 Omnibus Hearing

We just posted a copy of the agenda for the upcoming Omnibus Hearing on the Mack Industries avoidance actions filed by our office. The next hearing will take place on January 15, 2020, at 10:45 a.m. Click here for to go to our Mack Industries… Read More
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Mack Industries - Agenda for December 18 Omnibus Hearing

We just posted a copy of the agenda for the upcoming Omnibus Hearing on the Mack Industries avoidance actions filed by our office. The next hearing will take place on December 18, 2019, at 10:45 a.m. Click here for to go to our Mack Industries… Read More
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Mack Industries - Agenda for November 20 Omnibus Hearing

We just posted a copy of the agenda for the upcoming Omnibus Hearing on the Mack Industries avoidance actions filed by our office. The next hearing will take place on November 20, 2019. Click here for to go to our Mack Industries page. Read More
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Mack Industries - Agenda for October 16 Omnibus Hearing

We just posted a copy of the agenda for the upcoming Omnibus Hearing on the Mack Industries avoidance actions filed by our office. The next hearing will take place on October 16, 2019. Click here for to go to our Mack Industries page. Read More
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ABI Blog advises that separate classification of a co-signed student loan barred in a Chapter 13 Plan despite tendency of courts to allow separate classification of co-signed debts under 1322(b)(1).

According to the ABI’s Rochelle Daily Wire, a parent who cosigned a student loan for a child cannot separately classify the loan and pay it in full under a chapter 13 plan. Before filing, the debtor-mother cosigned a 15,000 student loan to… Read More
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Small Business Reorganization Act Enacted

As discussed in a previous post, on Friday, the Small Business Reorganization Act was signed into law and will take effect in 180 days. The new law, which FactorLaw will further summarize in future blog posts, adds a new subchapter to the Bankr… Read More
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Agenda for Next Mack Omnibus Hearing

We just posted a copy of the agenda for the upcoming Omnibus Hearing on the Mack Industries avoidance actions filed by our office. The next hearing will take place on August 21, 2019. Click here for to go to our Mack Industries page. Read More
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Seventh Circuit holds that a debtor's "contingent future interest" in tenancy by entireties property is not exempt.

In re Jaffe, 18-2726 (7th Cir. August 5, 2019), the Seventh Circuit held that a homeowner’s “contingent future interest” in an otherwise exempt form of home ownership – tenancy by the entireties – was not exempt and was instead… Read More
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Chicago Appellate Court directs City of Chicago to release impounded vehicles when owner files Chapter 13 petition.

Seventh Circuit directs City of Chicago to release impounded vehicles and affirms holding in Thompson. Read More
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Court rejects "sufficiently rooted" test and holds bankruptcy estate does not include portion of bonus earned from prepetition employment

In In re Brown, Case No. 18-81242 (Bankr. C.D. Ill. May 9, 2019), Judge Perkins of the Central District of Illinois, concluded that property of the estate did not include that portion of a debtor’s annual bonus payable after the petition d… Read More
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