Bankruptcy Blogs

Now, you must stay abreast of the laws.  The bankruptcy laws changed on October 17 of 2005, but that doesn’t mean they’re not ever-changing.  There are constant cases that are going before the Seventh Circuit here in Illinois.  There are cases that have been going to the Supreme Court on bankruptcy, and you have to [...]

Bankruptcy is one of the very few areas under the law where once the case is over, you can really feel good about what you did as a bankruptcy attorney.  You changed their life forever financially.  You took someone who was being sued, who was being garnished, who was being harassed by creditors, who couldn’t [...]

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Insolvency Lawyers' Association's Response to the draft Insolvency (Amendment) (No.2) Rules 2011 I thoroughly endorse the Insolvency Lawyers' Association's response to the Government's proposed amendments to the law on pre-pack insolvencies, which is accessible at http://www.ilauk.com/news/insolvency_and_restructuring_news/ and is reproduced below....

Chicago’s largest balloon seller has filed for bankruptcy protection, but owner Lee Kaufman insists the party isn’t over.

At 100 years old, helium-filled balloon distributor M.K. Brody & Co. still turns a profit but blamed its financial unease on several events that sucked the air out of its finances.