Search Site
Menu
Category Archive
Collections
1 - 8 of 8
Page 1 of 1

What Tools Are Available for Collecting on an Illinois Judgment?

Illinois law provides several methods that creditors can use to collect on a judgment. The collectability of a judgment depends on carefully searching for the debtor’s assets and tracing any transfers of property that preceded the entry of the judgment. The collection process becomes more complex if the judgment debtor files for bankruptcy protection. These Read More

Read More

How Judgment Creditors Can Use Citations to Freeze Assets

Illinois law entitles judgment creditors to initiate supplementary proceedings to discover assets or income of a judgment debtor. Judgment creditors can use this process to seek out non-exempt assets or income by examining both the judgment debtor and other individuals who may hold relevant information. The remedy is particularly useful where the debtor may have Read More

Read More

Recognizing and Setting Aside Preferential Fraudulent Transfers to Insiders

A fraudulent transfer or conveyance occurs when a debtor voluntarily depletes or dissipates their own assets to the point that they cannot fully repay the claims of creditors. A preferential fraudulent transfer involves a payment or transfer of money or property to certain creditors when the debtor was already insolvent. The Uniform Fraudulent Transfer Act Read More

Read More

Understanding Creditors’ Options When Enforcing Judgments

Whether you’ve won a legal case, performed professional services or leased commercial property to a tenant, collecting the payment often proves to be the toughest part of the task.

Read More

Fraudulent Intent Not Always Necessary to Unwind an Improper Transaction

Creditors may use Illinois’ Uniform Fraudulent Transfer Act (IUFTA) to recover funds improperly shifted by a debtor to a third party.

Read More

Important New Collection Case

On November 5, 2014, the Illinois Appellate Court, First District, preliminarily released its opinion in Wells Fargo Bank Minnesota, NA v. Envirobusiness, Inc., 2014 IL App (1st) 133575, which provides important guidance on several aspects of collection law under §2-1402 of Illinois’ Code of Civil Procedure (“Code”). 

Read More

Collections FAQs

How can I collect on a judgment? Illinois law has several methods to help creditors collect on their judgments.  The primary collection methods are citation proceedings, garnishments and judgment liens.

Read More

Out-Of-State Judgment Creditors FAQs

Much of our practice focuses on helping out-of-state judgment creditors collect debts from debtors with assets in and around the Chicago metropolitan area. This blog post addresses a number of FAQs that we get from time to time.

Read More
1 - 8 of 8
Page 1 of 1
Contact us

Quick Contact Form