Presented by the
ISBA Construction Law Section
Co-presented by
the ISBA Real Estate Law Section and ISBA Commercial Banking, Collections, and
Bankruptcy Section
Live Webcast
Wednesday, January 28, 2026
10:55 – 12:05 a.m.
1.0 hour MCLE credit
On August 1, 2025, Governor Pritzker signed the new Illinois
Receivership Act into law, which will become effective January 1, 2026. The new
law clarifies and expands when and how receivers can be appointed, while also
giving them the tools they need to manage commercial assets, including
commercial real estate, personal property, and businesses. Join us for an
in-depth discussion on what has changed, how to advise your clients moving
forward, and how this law may impact your construction law clients.
Program Coordinators:
Adam B. Whiteman, Whiteman Law, Lake Forest
Samuel H. Levine, Downey & Lenkov, LLC,
Chicago
Program Moderator:
Samuel H. Levine, Downey & Lenkov, LLC,
Chicago
Program Chat Moderator:
Adam B. Whiteman, Whiteman Law, Lake Forest
10:55 – 11:00 a.m. Welcome and Introductions
11:00 – 11:35 a.m. A Primer on the New Illinois Receivership Act
The new Illinois Receivership Act codifies outdated statutes
and case law into a comprehensive statutory framework with the goal of
maximizing value of the receivership estate. Don’t miss this introductory look
at the new Act, which is designed to bring clarity, flexibility, and
predictability to receiverships involving commercial assets, including real
property, personal property, and business.
Allen J. Guon, Cozen O’Connor, Chicago
11:35 – 11:50 a.m. The Illinois Receivership Act’s Impact on Construction Law
Gain a better understanding of how your construction law
clients may be impacted by the new Illinois Receivership Act, including the
perfection and enforcement of mechanics liens and surety bond claims.
Paul Peterson, Attorney at Law, Mount
Prospect
11:50 a.m. – 12:00 p.m. Q&A
For best practices, before attending the program using ISBA's Zoom platform, please visit
our Technical Support page.
Program Information
-
Fees:
-
ISBA Member - $35
- ISBA sponsoring section members get a $10 registration discount (which is automatically calculated in your cart when you log in to register).
- Non-Member - $70
- New Attorney Member (within the first five years of practice) - $25
- Law Student Members - Free
- Special pricing is available for Legal Service Attorneys.
- If you cannot attend the live web event, a full refund is available, if you cancel your registration up to the start of the live web event on the program page in your “My CLE Account”.
- Please Note: MCLE credit is available to registrants only
on the day of this live event – and you must attend the entire program to earn
MCLE credit. All registrants will receive access to a
recording of the event a few days after the program, but credit is
NOT available for the recording.