By Andrew R. Schwartz | Published June 13, 2014 | Posted in Uncategorized | Comments Off on Litigating the Suit to Set Aside a Fraudulent Transfer
Andrew Schwartz and Thomas Kanyock co-author chapter in recent IICLE publication.
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What are “equitable remedies”? Illinois recognizes two basic types of relief in civil cases. A “legal” action is one where money damages will adequately compensate a plaintiff.
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What is an “appeal”? Generally speaking, the term “appeal” means a request for a higher court to review a lower court’s decision.
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How does a judgment debtor fight a “confession judgment”? The first step to combatting a “confession judgment” is to eliminate it.
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What is “commercial litigation”? Generally speaking, we use the broad term “commercial litigation” to describe any litigation involving trade and commerce.
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What is Illinois’ Uniform Fraudulent Transfer Act (“IUFTA”)? The IUFTA is a statute designed to combat fraudulent transfers by debtors that impair the rights of creditors.
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What is a “confession-of-judgment clause”? A “confession-of-judgment clause,” also called a “cognovit,” is a contract provision that lets a creditor appoint a lawyer for the debtor, who agrees to let the creditor take a judgment against the debtor.
Read MoreAndrew R. Schwartz and Thomas J. Kanyock discuss the use of Illinois’ fraudulent transfer act in divorce litigation in new article.
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Andrew Schwartz argues that sanctions motions qualify as pleadings, and are subject to the procedural rules and statutes governing pleadings in a new article.
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In re Marriage of Chez, 2013 IL App (1st) 120550.
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