Creditors' Rights and Bankruptcy

Creditors' Rights and Bankruptcy

Even the most carefully planned business strategies can result in financial disaster. When such events occur, those affected need to act quickly and decisively to develop and execute an effective, coordinated strategy to protect interests, salvage assets and, if necessary, take bankruptcy action.

Swanson, Martin & Bell, LLP attorneys have represented businesses undergoing financial reorganization, including secured lenders, landlords and equipment lessors, suppliers, creditors’ committees and other parties in interest in complex cases under Chapter 11 of the United States Bankruptcy Code. This experience, in conjunction with the firm’s extensive experience in litigation and strategic financial counseling, enables the firm to represent fully its clients in all aspects of judicial and out-of-court debt restructuring matters, including the following:

Chapter 11 reorganization cases: 
Representation of debtors in possession, secured lenders, unsecured creditors' committees, examiners, landlords, taxing bodies and other parties in interest in reorganization cases under Chapter 11 of the Bankruptcy Code.

Chapter 7 and 13 cases: 
Representation of debtors, secured lenders, creditors and other parties in interest in cases under Chapters 7 and 13 of the Bankruptcy Code.

Bankruptcy court litigation: 
Representation of debtors and third parties in litigation before the bankruptcy court, including fraudulent transfer, preferential transfer, claim objection, Ponzi scheme and dischargeability litigation.

Bankruptcy appellate practice: 
Representation of appellants and appellees in appeals to the district court, circuit court appeals from final orders and judgments entered by the bankruptcy court.

Secured credit facilities: 
Representation of financial institutions in the negotiation and documentation of secured credit arrangements.

Enforcement of creditors’ rights: 
Representation of financial institutions and other creditor interests to preserve and enforce their rights in state and federal court litigation.

Representation of creditors to discover assets, collect judgments and recover property.

Foreclosure/Evictions: Representation of lenders and landlords on issues relating to the default of homeowners and tenants.

Asset acquisitions/dispositions: 
Representation of buyers and sellers in the negotiation and documentation of sales transactions involving the assets of financially distressed companies.

Assignments for the benefit of creditors: 
Representation of assignees and assignors of assignments for the benefit of creditors under Illinois law.

Financial consultation: 
Consultation with business entities and individuals regarding financial crises and strategic planning.

Expert consultation: 
Serve as expert witnesses in negligence cases involving bankruptcy issues and as trial consultants in litigation before the bankruptcy court.


Chicago, February 2, 2021
Illinois Super Lawyers Recognizes 25 Swanson, Martin & Bell, LLP Attorneys
Swanson, Martin & Bell, LLP announces that 12 attorneys have been named n to the 2021 Illinois Super Lawyers list and 13 have been named to the Illinois Rising Stars list.

Chicago, Lisle, Libertyville, Madison County, January 11, 2021
Swanson, Martin & Bell, LLP Attorneys Named Leading Lawyers, Emerging Lawyers for 2021
Those designated Leading Lawyers were recommended by their peers to be among the top lawyers in Illinois.

Chicago, December 11, 2020
Cooke, Keating Secure Reversal in Illinois Appellate Court of Contempt Order and Trial Court's Enforcement of Unsigned Settlement Agreement
Cooke and Keating obtained the reversal of a contempt order in connection with the enforcement of an unsigned settlement agreement.

Chicago, July 3, 2018
McCaskey Elected to Board of Governors for State Bar of Wisconsin
The Board of Governors manages and directs the affairs and activities of the State Bar of Wisconsin.

Chicago, November 10, 2017
Lateral Partner, Lateral Associate Join Swanson, Martin & Bell, LLP
Patrick G. Cooke joins the Chicago office, while Jordan C. Olejniczak joins the Lisle office.

Chicago, December 17, 2015
Lateral Associates, Law School Grads Join Swanson, Martin & Bell, LLP
The firm welcomes two lateral associates and two recent law school graduates to the firm's Chicago office.

Chicago, December 7, 2015
Murray, Kincaid Victorious in Creditors' Rights Matter
The judge repeatedly cited from the equitable remedies chapter of the IICLE handbook, “Creditors’ Rights in Illinois,” written by three Swanson, Martin & Bell, LLP attorneys.

Libertyville, April 24, 2013
Pardys, Goles Present at Seminar for Local Government Officials
Pardys and Goles will address FOIA and The Gift Ban during their presentation.

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