Chicago Attorneys Trace and Unwind Fraudulent Transfers
Litigation services aid creditors and attorneys with civil judgments
Do either of these scenarios sound familiar?
You fell for a con man’s scheme. Well, these things happen and you weren’t alone. He cheated a couple dozen more people who also “should have known better” out of millions. But now you’ve got him dead to rights. He’s been convicted: securities fraud. Only… he’s broke?
You’re a plaintiff’s attorney. You took the case because you knew it was worth millions in damages and the defendant is a company with deep pockets, even though you’d have to mortgage your home to finance the litigation. For five years you pursued this case against some of the top defense attorneys in Chicago, and now the jury brings back a verdict: mid-seven figures. Pocket change to this defendant, only…the assets are gone?
If you’ve ever shaken your head and wondered, “Where’d all the money go?” you’re not alone. It’s a question our clients and referring attorneys ask all the time. It’s why they come to us. The lawyers at Schwartz & Kanyock, LLC literally wrote the book on fraudulent transfer litigation. Attorneys Andy Schwartz and Tom Kanyock co-authored a part of a treatise on fraudulent transfer litigation for the Illinois Institute for Continuing Legal Education (IICLE) and wrote an article on the topic for the Illinois Bar Journal. Andy Schwartz has also given lectures on fraudulent transfer litigation at meetings of the American Institute of Certified Public Accountants, Illinois Creditors’ Association, Illinois State Bar Association, as well as the American Academy of Matrimonial Lawyers.
Andy’s level of expertise allows him to offer his legal insights to other law firms handling fraudulent transfer litigation across the country. He has served as co-counsel for fraudulent transfer cases arising outside Illinois, and has counseled many attorneys on the intricacies of this area of law. Both Andy and Tom also serve as local and co-counsel for firms outside the Chicago metropolitan area.
Chicago attorneys immersed in fraudulent transfer litigation
Fraudulent transfer litigation is an area of the law that allows us to go after assets that a debtor has illegally transferred to make himself or herself insolvent and therefore collection proof or judgment proof. You’ve already got him; we go after the goods.
The Uniform Fraudulent Transfer Act allows us to trace fraudulent asset transfers to a recipient, then take legal action against that recipient to unwind the transfer and lay claim on the assets. Throughout the Chicago area, judgment collection lawyers sit by their phones, waiting for debtors to call them back. Meanwhile, we investigate. We hunt. We know how to get the job done, and bring a tremendous amount of enthusiasm for our work. There’s no greater satisfaction than taking down a fraudster who’s played fast and loose without regard for the lives he’s ruined. This is how our lawyers help other lawyers — and their clients — by catching someone you’ve held accountable in theory and holding that person accountable in fact.
To learn more about our fraudulent transfer litigation services, contact our Chicago office
Don’t let a fraudster stiff you or your clients. Let Schwartz & Kanyock, LLC locate and lay claim to the assets you need to satisfy your debt or court judgment. Call us today at 312-436-1442 or contact our Chicago office today.