Search Site
Menu
Category Archive
Collections
1 - 5 of 5
Page 1 of 1

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. Even for undisputed debts, strict laws exist to ensure that creditors use proper legal collection methods. This is particularly true in complex debt collection matters and Read More

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. Although “fraud-in-fact” claims require proof that the debtor intended to defraud creditors, creditors may also pursue “fraud-in-law” or “constructive fraud” claims, which do not require evidence of intent. Gecker v. Estate of Flynn provides Read More

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”).  In particular, we find the following excerpts from Read More

Read More

Collections FAQs

Q.        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. Q.        What is a “citation to discover assets”? A citation to discover assets is a powerful tool that lets a creditor discover financial information Read More

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. Q.        Can a non-Illinois judgment be enforced against a judgment debtor with assets in Illinois? Illinois courts Read More

Read More
1 - 5 of 5
Page 1 of 1
Contact us

Quick Contact Form