Illinois Northern Bankruptcy Court

Case number: 1:25-bk-11551 - QCD Financial, LLC - Illinois Northern Bankruptcy Court

Case Information
Case title
QCD Financial, LLC
Chapter
7
Judge
Michael B Slade
Filed
07/29/2025
Last Filing
05/11/2026
Asset
Yes
Vol
i
Docket Header
U.S. Bankruptcy Court
Northern District of Illinois (Eastern Division)
Bankruptcy Petition #: 25-11551

Assigned to: Honorable Judge Michael B Slade
Chapter 7
Involuntary
Asset


Date filed:  07/29/2025
341 meeting:  02/20/2026
Deadline for filing claims:  05/28/2026
Deadline for filing claims (govt.):  05/28/2026

Petitioning Creditor

City of Chicago, Illinois

Chicago City Hall
121 N. LaSalle St., Ste. 400
Chicago, IL 60602

represented by
Elizabeth Conard

121 N LaSalle St
Chicago, DC 60602
312-744-8362
Email: [email protected]

David Paul Holtkamp

121 N. LaSalle
Ste. 400
Chicago, IL 60602
312-744-6967
Email: [email protected]

Laura Lefkow-Hynes

The City of Chicago
121 N. LaSalle St.
Ste 400
Chicago, IL 60602
312-742-0812
Email: [email protected]

Kristina Anne McClure

City of Chicago
121 N LaSalle St
Ste 400
Chicago, IL 60602
312-744-7623
Email: [email protected]

Alleged Debtor

QCD Financial, LLC

3 Grant Square, #212
Hinsdale, IL 60521
DU PAGE-IL
Tax ID / EIN: XX-XXXXXXX

represented by
Saulius Modestas

Modestas Law Offices, P.C.
401 S. Frontage Road
Suite C
Burr Ridge, IL 60527
312-251-4460
Fax : 312-277-2586
Email: [email protected]

Trustee

Gus A Paloian

Seyfarth, Shaw, Et Al
233 S. Wacker Drive
Suite 8000
Chicago, IL 60606
(312) 460-5360
TERMINATED: 01/13/2026

 
 
Trustee

Ariane Holtschlag, trustee

1245 S Michigan #115
Chicago, IL 60605
773-645-0737

represented by
Ariane Holtschlag

Paulsen & Holtschlag LLC
1245 S Michigan #115
Chicago, IL 60605
773-645-0737
Email: [email protected]

Jeffrey K. Paulsen

Paulsen & Holtschlag LLC
1245 S. Michigan, No. 115
Chicago, IL 60605
847-644-9385
Email: [email protected]

U.S. Trustee

Adam G. Brief

Office of the U. S. Trustee, Region 11
219 South Dearborn
Room 873
Chicago, IL 60604
312-886-5785
 
 

Latest Dockets
Date Filed#Docket Text
05/11/202645Docket Text
(E)Case Status Hearing Continued (RE: [1] Involuntary Petition (Chapter 7)). Case Status hearing to be held on 06/22/2026 at 10:00 AM at Appear in Courtroom 642, 219 S. Dearborn St, Chicago, IL 60604, or Using Zoom - Judge Slade. (Utter, Matthew)
04/06/202644Docket Text
Order Granting Application to Employ Nick Metrou and the firm of Legacy Properties, A Sarah Leonard Company, LLC (Related Doc # 41). Signed on 4/6/2026. (Hamilton, Annette) (Entered: 04/07/2026)
04/06/202643Docket Text
Order Granting Application to Employ Jeffrey K. Paulsen and the law firm of Paulsen & Holtschlag, LLC for Ariane Holtschlag, trustee (Related Doc # 40). Signed on 4/6/2026. (Hamilton, Annette) (Entered: 04/07/2026)
03/25/202642Docket Text
Proposed Order - Granting Trustee's Application to Employ Nick Metrou and Legacy Properties as Realtor Effective March 11, 2026 Filed by Ariane Holtschlag on behalf of Ariane Holtschlag, trustee (RE: 41 Application to Employ). (Holtschlag, Ariane) (Entered: 03/25/2026)
03/25/202641Docket Text
Notice of Motion and Application to Employ Nick Metrou and Legacy Properties as Realtor Filed by Ariane Holtschlag on behalf of Ariane Holtschlag, trustee. Hearing scheduled for 4/6/2026 at 09:30 AM at Appear In Courtroom 642, 219 S. Dearborn St, Chicago, IL 60604 or Using Zoom- Judge Slade. (Attachments: # 1 Exhibit 1 # 2 Exhibit 2) (Holtschlag, Ariane) (Entered: 03/25/2026)
03/25/202640Docket Text
Notice of Motion and Application to Employ Ariane Holtschlag and the firm of Paulsen & Holtschlag, LLC as Attorney Filed by Ariane Holtschlag on behalf of Ariane Holtschlag, trustee. Hearing scheduled for 4/6/2026 at 09:30 AM at Appear In Courtroom 642, 219 S. Dearborn St, Chicago, IL 60604 or Using Zoom- Judge Slade. (Attachments: # 1 Exhibit 1 # 2 Proposed Order) (Holtschlag, Ariane) (Entered: 03/25/2026)
02/25/202637Docket Text
Notice Fixing Time For Filing . Proofs of Claims due by 5/28/2026. Government Proof of Claim due by 5/28/2026. (Molina, Nilsa) (Entered: 02/25/2026)
02/24/202636Docket Text
Initial Report of Assets - Trustee has found assets in this estate to be administered for the benefit of creditors, or believes there is a likelihood that such assets will be recovered within a reasonable period of time. The Trustee requests that notice be sent to creditors fixing time for filing claims. (Holtschlag, trustee, Ariane) (Entered: 02/24/2026)
02/23/202635Docket Text
Case Status Hearing Continued (RE: 1 Involuntary Petition (Chapter 7)). Case status hearing to be held on 3/23/2026 at 10:00 AM at Appear In Courtroom 642, 219 S. Dearborn St, Chicago, IL 60604 or Using Zoom- Judge Slade. (O'Neal, Michelle) (Entered: 02/23/2026)
02/23/202634Docket Text
Trustee Certification of Services Rendered Under 11 U.S.C. Section 330(e). I rendered the following service in the case and am eligible for payment under 11 U.S.C. Section 330(e): Conducted or filed a document required by rule or statute related to a meeting of creditors required by 11 U.S.C. Section 341. I declare under penalty of perjury that the foregoing is true and correct. (Executed on 2/23/2026) Filed by Trustee Gus A Paloian (RE: 29 Trustee's Notice of Continued Meeting of Creditors (via Trustee's 341 Filing)). (Paloian, Gus) (Entered: 02/23/2026)