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Will County
In this case from right in our neighborhood - Joliet, Illinois - the Bankruptcy Court and 7th Circuit agree that using the market value of property instead of its artificially low disposal price in a tax sale reflects the real intent of both Bankruptcy law and Illinois law. At the same time, both Courts agree...
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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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