Can a Chapter 7 debtor’s attorney be compensated from the bankruptcy estate?By Jeffrey D. RichardsonFebruary 2002Like many issues in bankruptcy law the answer to the question of whether a debtor's Chapter 7 bankruptcy attorney can be compensated from the bankruptcy estate depends on whether you try to determine the purely logical answer to the question or whether you refer to the actual statute
Chair’s columnBy Lewis F. MatuszewichDecember 2002The Commercial Banking & Bankruptcy Section Council develops programs for the members of the Section.
Enforceablilty of intercreditor agreements in bankruptcyBy John C. MurrayAugust 2002A recent Illinois bankruptcy court decision, In re 203 N. LaSalle Street Partnership, 246 B.R. 325 (Bankr. N.D. Ill. 2000), deals specifically with the rights of parties to an intercreditor agreement.
Oh, those old cases—How they haunt youBy Thomas F. HartzellDecember 2002We were recently involved in a mechanics lien case where we represented the plaintiff lumber company against the owner of the real estate, his contractor and the bank as mortgagee.
Payable on death accountsBy Bradley W. SmallMay 2002Effective January 1, 2002, legislation was enacted providing that payable on death accounts may be held in the names of joint account holders
Real estate financing in the new millenniumBy Stanley P. SklarAugust 2002Too often, the construction lender treats the construction loan as it would treat any other commercial loan--without anyone with significant background in the vagaries of the construction industry ready to "pull the plug" should the loan become "out of balance."
SBA is still approving creditsBy Lewis F. MatuszewichFebruary 2002The United States Small Business Administration (SBA) continues to administer many programs designed to assists small and middle size businesses.
Securing the right to receive government payments under revised article 9By Jeffrey A. MolletMay 2002Whether a security interest in government program payments is perfected has always been at the center of debate, generally in the bankruptcy or "farmer-in-distress" context, and the issue remains largely unresolved by the recent revisions to Article 9 of the Illinois Uniform Commercial code which took effect on July 1, 2001
Twelve initial steps for corporate governance complianceBy Jerold N. SieganDecember 2002Since the enactment of the Sarbanes-Oxley corporate governance law, you have probably read or heard about the various new and complex responsibilities imposed upon your business and the new penalties that will result if you or your company fail to comply with them
View from the chairBy Gary T. RafoolMarch 2002At the mid-year meeting of our section council, it was decided to have a meeting on February 21 at 7:30 a.m. in Springfield with Representative Jeffrey Schoenberg at the Renaissance Hotel.
View from the chairBy Gary T. RafoolFebruary 2002There has been a lot of discussion lately on unauthorized practice of law (UPL) by in-house counsel.