The New Receivership Act: Claims Filing, Automatic Stays, and Receivership Sales of Real EstateBy Paul PetersonJanuary 2026The new Illinois Receivership Act brings a host of changes to receiverships in Illinois under certain circumstances. One of the purposes of the Act is to facilitate sales that can bring in more proceeds than would otherwise be obtained through a mortgage foreclosure, creating the necessity for all real estate practitioners to consider.
NOTEJanuary 2026Quick summaries of new laws for 2026 that may impact the practice of real estate law.
