Illinois (IL) Bankruptcy Law CLE Course Catalog

Successful consumer bankruptcy cases often hinge on the intake process, particularly the details gathered on the intake form. What questions should be asked? What resources should be used? Discover best practices for getting the right information from the very beginning, which can avoid all kinds of headaches later. (No one wants to discover a fraudulent transfer at the 11th hour!).

To ease the financial fallout from the pandemic, there could be increased congressional interest in consumer bankruptcy reform. Sen. Elizabeth Warren and Rep. Jerrold Nadler already have proposed a complete overhaul of the consumer bankruptcy system and a new chapter 10 for all individual debtors. Several pending legislative proposals would make it easier to discharge student loans in bankruptcy. Profs. Robert Lawless and Adam Levitin will explain these proposals, the motivating factors behind them, and what else might be coming in the consumer bankruptcy world.

This panel explores the interplay between state court divorce law and bankruptcy. We focus on many of the misconceptions that arise when those two unrelated areas of the law intersect or overlap.

This panel will discuss the WARN Act, KERPs and KEIPs, vacation/sick time and the ??507(a)(4) cap, varying state laws on severance claims that are driving the locations of filings, and more.

This panel will discuss notable Chapter 11 cases and legislation from the past year for an overall refresher and update on chapter 11 basics and trends.

This panel will focus on impairment, TransWest issues, third-party releases, horizontal gifting related to Noverra and more.

This panel will discuss subchapter V — whether there have been any notable filings, what to expect with this type of filing, what practitioners should be aware of, what issues are likely to be paramount, how practitioners should handle cases filed under this subchapter, and issues that creditors might need to know about — from the perspectives of the DOJ, the prospective appointed trustee and debtor’s counsel.

This panel will focus on the immediate and continuing repercussions of the COVID-19 pandemic on the economy, with a focus on macroeconomic effects, how businesses have been affected, what efforts have been made by the federal government through various stimulus and relief packages, and what to expect in the future.

Our expert faculty will update you on a potpourri of automatic stay and discharge injunction violation issues, including the latest guidance from the Supreme Court on action vs. inaction, the return of repossessed cars and the collection of discharged debt.