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Paul Porvaznik – Business Litigator

Case Notes and Summaries of Recent Cases (State and Federal Courts – Illinois Focus)

Tag Archives: middle man

Corporate Successor Liability: Continuation and Fraud Exceptions (IL Law)

Advocate Financial Group, LLC v. 5434 North Winthrop, 2015 IL App (2d) 150144 spotlights the “mere continuation” and fraud exceptions to the general rule of no successor liability – a successor corporation isn’t responsible for debts of predecessor – in a creditor’s efforts to collect a judgment from a business entity that is twice removed …

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Posted byPaulPAugust 11, 2014November 28, 2017Posted inCorporateTags: 5434 North Winthrop, Advocate, fraud, fraudulent transfer, mere continuation, middle man, Porvaznik, straw buyer, successor liability
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