Publications

Articles on Bankruptcy

Bankruptcy Reform for Non-Bankruptcy Lawyers

By Bruce C. Scalambrino
October
2005
Article
Page 518
Though bankruptcy reform may be bad news for consumers and their attorneys, creditors will find much to like in the new law.

The New Bankruptcy Law: A Consumer Lawyer’s Guide

By James J. Haller and William A. Mueller
September
2005
Article
Page 454
The new act takes effect next month: here are the most important changes to Chapters 7 and 13.

IRAs and Bankruptcy in Illinois

By Robert S. Held
August
2005
Article
Page 414
Creditors are unlikely to reach an Illinois resident's IRA account - find out why.

The Bankruptcy Abuse Reduction Fiasco?

By Helen W. Gunnarsson
June
2005
LawPulse
Page 274
Here's a thumbnail sketch of the new Bankruptcy Act provisions that place new burdens on lawyers to verify information in clients' petitions.

Correspondence from Our Readers

May
2005
Column
Page 222
Nonprofits' billing practices; bankruptcy lawyers and divorce.

A Family Lawyer’s Guide to Bankruptcy

By Peter C. Alexander
February
2005
Article
Page 80
Divorce and financial distress often go hand in hand. Here's a bankruptcy primer for matrimonial lawyers.

What Till v SCS Credit Corp Means for Your Chapter 13 Clients

By James J. Haller
September
2004
Article
Page 478
Till lowers the interest rate most Chapter 13 debtors pay to secured creditors. Here's post-Till guide to calculating rates.

Is doubling the bankruptcy homestead exemption on the horizon?

By Helen W. Gunnarsson
June
2004
LawPulse
Page 286
Bigger homestead and personal property exemptions would benefit debtor-homeowners and encourage more debtors to opt for Chapter 7, not Chapter 13, relief.

Representing a Creditor in an Assignment for the Benefit of Creditors

By Bruce C. Scalambrino
May
2004
Article
Page 263
Here's how to look out for creditors' interests in a common law "ABC."

Getting paid, part 1: demand bankruptcy fees up front

By Helen W. Gunnarsson
February
2004
LawPulse
Page 62
Thanks to a new seventh circuit case, it's more important than ever for attorneys who represent debtors in Chapter 7 to get all of their fees up front.

Bankrupt employees; no firing after filing?

By Helen W. Gunnarsson
July
2003
LawPulse
Page 326
Employers may not "discriminat[e] or retaliat[e] against" employees who have filed for bankruptcy. But what does that mean?

Insuring against bankrupt insurers

By Helen W. Gunnarsson
June
2003
LawPulse
Page 274
What to do when an insurance company important to your case goes belly up? For one thing, consult the Illinois Office of the Special Deputy Receiver.

Bankruptcy reform still a waiting game

By Helen W. Gunnarsson
January
2003
LawPulse
Page 8
Congress has yet to pass bankruptcy reform legislation. Meanwhile, the bankruptcy bar has had little success in tempering provisions they say are unfriendly and unfair to lawyers.

State appellate court’s reversal of a judgment paid in bankruptcy is not grounds to reopen the chapter 13 proceedings after the plan is completed

July
2002
Illinois Law Update
Page 344
On May 15, 2002, the United States Court of Appeals for the Seventh Circuit affirmed the decision of the District Court for the Northern District of Illinois, Eastern Division, and concluded that the district court did not err in denying debtor Zurn's request to reopen a chapter 13 plan under 11 USC § 350(b).

High-tech filing comes to bankruptcy court…

By Helen W. Gunnarsson
June
2002
LawPulse
Page 282
Bankruptcy court for Illinois' southern district now requires electronic filing.

Will “reform” drive lawyers out of bankruptcy practice?

By Helen W. Gunnarsson
May
2002
LawPulse
Page 226
Proposed requirements of debtors' lawyers in HR 333 could make petitioners' practice more trouble than it's worth.

The Lawyer’s Journal

By Bonnie C. McGrath
July
2001
Column
Page 338
Golfers in the (legal) news; capital punishment and the mentally retarded; and more.

The Lawyer’s Journal

By Bonnie C. McGrath
March
2001
Column
Page 112
Real Property Disclosure Act; legal department summon(s)ed in error; questions of law now collaterally estoppable; and more.

The Lawyer’s Journal

By Bonnie McGrath
July
1999
Column
Page 348
Different rulings on the same-part-of-the-body rule.

The Lawyer’s Journal

By Bonnie McGrath
February
1999
Column
Page 70
No retaliatory discharge claims for whistle-blowing lawyers...

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