shape
shape
shape
shape
shape
shape

The Windy City, AI Pitfalls, and Bankruptcy: Our 2025 NACTT Recap

Topics: Bankruptcy

In mid-July, Shareholder & Bankruptcy Recovery Group Chair Scott Fink and Director of Bankruptcy Heather Schneider traveled to Chicago, IL and proudly represented Weltman at the 2025 National Association of Chapter 13 Trustee’s Annual Seminar – now Scott is sharing his top takeaways!
 
This event serves as a wonderful way to interface with, not only Chapter 13 Trustees and their staff from across the country, but also bankruptcy judges, attorneys, and staff from many of our fellow bankruptcy firms who form our national and local counsel network.
 
We learned a great deal, not only about issues facing the chapter 13 bar (beware of AI!), but we also took home a few interesting facts about the city of Chicago we’d like to share with you: 
  • First, did you know that the Chicago River is the only active river in the United States which has had its flow permanently reversed by man, causing it to flow away from Lake Michigan instead of into the lake?  This was accomplished in the late 19th century by digging a canal at the other end of the river (deeper than the Chicago River) connecting it to the Des Plaines River.  
  • Next, do you know how Chicago got its name, The Windy City? The phrase was coined, not as a result of the windy weather, but as a dig at Chicago’s “long-winded” politicians!
     
The conference itself placed significant emphasis on the emerging issues that Artificial Intelligence is presenting to the legal profession and the Bankruptcy bar.  Of note, attorneys who choose to use AI to assist with legal research should use caution, as “hallucinations” are quite prevalent, causing AI platforms to sometimes create fictitious case law, provide incorrect case citations or provide inaccurate summaries of the legal rulings in cases.  
 
This issue was laid bare recently by a ruling out of the Northern District of Illinois, where the Bankruptcy Court in In re Martin sanctioned a bankruptcy attorney and his law firm jointly for filing a brief that relied upon the use of an AI Platform for legal research and which included fictitious legal citations. The court not only issued monetary sanctions, but also required the law firm to have two of its attorneys attend an educational seminar on the perils of Artificial Intelligence.

Our team is constantly staying up-to-date on the current trends in the industry. If you have any questions or would like to learn more about Weltman’s bankruptcy recovery solutions, connect with Scott and/or Heather at any time.
 
This blog is not a solicitation for business, and it is not intended to constitute legal advice on specific matters, create an attorney-client relationship or be legally binding in any way.

Related Publications

News / 18 August 2025

Weltman Welcomes Attorney Sofia Tamimi to the Philadelphia Office

Weltman, Weinberg & Reis Co., LPA, a full-service creditors' rights law firm with over 95 years of client service, is pleased to announce the addition of attorney Sofia Tamimi to the firm's Philadelphia, PA office.
Read More
Insights / 13 August 2025

Growth, Grit & Giving Back: Inside Alex Weinberg's Legal Path

When Cleveland Attorney Alex Weinberg joined Weltman, Weinberg & Reis Co., LPA (Weltman) in 2020, he had no idea how pivotal the experience would become. Not only in shaping his legal career, but in revealing what it truly means to be part of a supportive, values-driven team.
Read More
Alerts / 4 August 2025

Revisiting Dodd-Frank: 15 Years of Regulation, Reform, and Roadblocks

In July, 2025, America's Credit Unions sent a comprehensive letter to the House Financial Services Committee, addressed to Chairman Rep. French Hill and Ranking Member Rep. Maxine Waters.
Read More

Join Our Email List

Get the latest articles and news delivered to your email inbox!
Subscribe

Contact the Team

Scott D. Fink

Shareholder
Contact

Heather A. Schneider

Director of National Bankruptcy Solutions
Contact

Join Our Email List