Paul Porvaznik – Business Litigator
Case Notes and Summaries of Recent Cases (State and Federal Courts – Illinois Focus)
Midwest Commercial Funding, LLC v. Kelly, 2022 IL App (1st) 210644 shows the harsh results that can flow from the failure to follow a statute’s service requirements to the letter. There, dueling creditors fought over song royalties paid to disgraced R&B singer R. Kelly. Heather Williams sued the singer for sexual abuse and obtained a …
Continue reading “R. Kelly’s Royalty Account Nabbed by Sex Assault Judgment Creditor”
A law firm’s failure to scrutinize its client’s transfer of property to a land trust backfired in Radiance v. Accurate Steel, 2018 WL 1394036. The case presents a priority fight between the plaintiff judgment creditor and the law firm who defended the debtor in post-judgment proceedings. The Relevant Chronology August 2013 – Defendant debtor transferred …
Continue reading “Judgment Creditor and Debtor’s Lawyers Duke It Out Over Equity in Home – ND IL”
The Third District Appellate Court answers some important questions concerning the priority of competing creditors’ rights in the assets of a common debtor and the nature of appellate jurisdiction in FirstMerit Bank v. McEnery, 2014 IL App (3d) 130231-U. There, a creditor obtained a $1.8M judgment against a defendant who had interests in several restaurant LLC ventures (the …