The Commercial Banking & Bankruptcy Section Council develops programs for the members of the Section.
Oh, those old cases—How they haunt you
We 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 accounts
Effective 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 millennium
Too 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 credits
The 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 9
Whether 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 compliance
Since 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
Update by banking committee
This is a case that seeks to shift the responsibility of errant employees to banks instead of their employers.
View from the chair
At 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 chair
There has been a lot of discussion lately on unauthorized practice of law (UPL) by in-house counsel.