GCK On Law
Courts Split on Application of Factors for Stay Pending Appeal Under Bankruptcy Rule 8007(a)(1)(A)
The purpose of a stay pending appeal is to mitigate the damage that can be done before the matter is substantively resolved. Thus, in In re Heotis, 2017 WL 4310513 at *2 (N.D.Ill.), the court stated that motions to stay pending appeal are similar to preliminary...
Conflicting Approaches under Section 550 of the Bankruptcy Code Associated With Corporate Officers Who Misappropriate Corporate Funds
Pursuant to Section 550(a) of the Bankruptcy Code, once a trustee has successfully avoided a fraudulent transfer, he may recover the fraudulently transferred assets from either the initial transferee or “any immediate or mediate transferee” of the initial transferee. ...
Illinois’ New State Tax Lien Registry
Effective January 1, 2018, the Illinois Department of Revenue will begin maintaining its own public registry for notices of tax liens, ending the longstanding practice of recording the liens with the local county recorder’s office. The new laws were enacted as the new...
Sick Leave Laws Now in Effect for Chicago Employers
Effective July 1, 2017, Chicago employers are now subject to new paid sick leave laws. Employers with one or more employees must now provide paid sick leave to most employees, including temporary and part-time employees. The law requires that employers accrue at least...
Understanding Chicago’s New Minimum Wage Law
Employers located within the State of Illinois must keep up with the ever-changing federal, state, county, and local employment laws. For example, minimum wage laws are published federally through the Fair Labor Standards Act (29 U.S.C. §206), statewide through...