Weltman, Weinberg & Reis Co., LPA, a full-service creditors' rights law firm with over 92 years of client service, is pleased to announce that shareholder and Chicago office managing attorney Casey Hicks has become a board member of the Illinois Creditors Bar Association!
Weltman, Weinberg & Reis Co., LPA, a full-service creditors' rights law firm with over 92 years of client service, is pleased to announce the addition of attorneys Greg Czaicki and Jason Ruggerio to the firm's Chicago office.
Illinois recently passed the Illinois Consumer Contract Reciprocal Attorney's Fees Act (Public Act 103-344), allowing recovery of attorney's fees for consumers in certain cases. In general, Illinois follows the American Rule with respect to the recovery of attorney's fees.
Effective July 31, 2023, in the First Municipal District of Cook County in Illinois, all civil trials where testimony will be elicited are required to be conducted in person. All other civil court proceedings in the First Municipal District may continue to be held virtually (via Zoom).
So, you have a loan that recently went into default. Now what? The next steps aren't always clear, especially if your contract requires pre-suit notices or you don't have valid contact information for the debtor.
Creditors dealing with defaulted debts often deal with the same quandary: how to quickly take possession of the property to offset the debt. However, it's possible for your collateral to be at risk in criminal matters, and even in possession by a third party such as a repair shop, government agency, or a family member.