Illinois Bar Journal


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Articles on Bankruptcy

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...