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“chicago”
This case stems from the ill-fated Lincoln-Belmont-Ashland Redevelopment project featured on our Blog before. When a Condominium Association sued the developers based on failure to reveal construction defects, the Courts weighed in on whether the claims were time-barred. Untimely, the Appellate and Supreme Court broke with the Trial Court and found that a question of...
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Coal plants are expected to close at an escalating rate over the next 5 years that will eventually be quadruple what it is today. Midwest Generation, a major employer in the Will County area, is not immune to the trend. Management has announced that it is looking into a Chapter 11 reorganization in order to...
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After losing nearly $11 billion since 2001, in November 2011 American Airlines sought Chapter 11 bankruptcy protection. In Chapter 11 the debtor company remains in control of its business assets subject to a plan of reorganization approved by creditors and the Court. In American’s case despite traumatic changes at the top, painful labor reform, and...
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Congratulations to Judge Bruce W. Black, who will become Chief Judge of the Bankruptcy Court for the Northern District of Illinois, replacing current Chief Judge Carol Doyle. Chief Judge Black will continue to hear all matters assigned to the Joliet Call on Fridays, which includes cases filed in Will, Grundy, Kendall and LaSalle counties. His...
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quoted from RealEstateUS Foreclosed and Bankruptcy Homes Led to Population Decline in Chicago -> http://goo.gl/epKjA #foreclosure
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