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Total U.S. commercial bankruptcy filings increased 10 percent in July 2016 over July of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 2,922 in July 2016, up from the July 2015 total of 2,661. July is the ninth… Read More

Every year the American Bankruptcy Institute sponsors a seminar in the Midwest dealing with topical issues of interest to bankruptcy practitioners. The ABI Central States Seminar focuses on consumer and commercial issues and this year the seminar was… Read More

In its recently issued decision in Husky International Electronics, Inc. v. Ritz, a 7-1 majority of the Supreme Court has clarified that intentionally fraudulent transfers designed to hinder or defraud creditors can fall within the definition of “a… Read More

Caesar’s Entertainment Operating Company (along with numerous affiliates, collectively “CEOC”) filed the largest bankruptcy in Chicago’s bankruptcy court in recent memory. Large Chapter 11 filings in Chicago have been rare ever since the Kmar… Read More

When the Supreme Court decided Wellness Int’l Network Ltd. v. Sharif this year, one issue resulting from Stern was finally put to rest. A bankruptcy judge may enter final judgment in Stern matters with the consent of the parties, even when that… Read More

In 2004, Reginice Rabiola bought a farm in Kane County where she built an indoor horse riding ring and a hay field. To get equipment onto the hay field, she used a grassy patch on her neighbor’s land. In 2007, Jon DeRaedt, the neighbor, sued her fo… Read More

Normally, a single asset real estate chapter 11 is filed on the eve of a foreclosure sale by the debtor who is making one last ditch attempt to keep the property. Meanwhile, the secured lender wants out of bankruptcy as quickly as possible so that it… Read More