Law Blog
What is the Difference Between Creditor Workouts and Bankruptcy?
Unfortunately, many businesses are confronted with extraordinary losses and may be forced to choose between a creditor workout or a reorganization bankruptcy in order to survive. Some of the differences between workouts and bankruptcies include. Timing. A creditor...
Equal Pay Act
Almost all employers in Illinois are subject to the Illinois Equal Pay Act, and any employers subject to the U.S. Minimum Wage Act are also subject to the Federal Pay Act, that ensure women are paid equal to men for the same job, and Title VII of the Civil Rights Act,...
Eric Wilen presents program: ‘Navigating the Estate Planning Client Through Common Myths and Competing Voices’
Eric Wilen presented his program “Navigating the Estate Planning Client Through Common Myths and Competing Voices” to the lawyers of the DuPage County Bar Association in June 2022. Eric discussed how estate planners can filter, evaluate and address clients’ most...
Avoiding Personal Risk From Your Business
Operating your business as a limited liability entity generally protects your personal assets from claims of business creditors, but the informal operation of small to mid-sized and family-owned businesses can sometimes weaken that protection when things go bad,...
Planning for Blended Families
Blended families bring unique challenges to wealth, retirement, financial and estate planning. Divorce decrees, second families, new in-laws, stepchildren and a whole new clan are some of the issues to address. Using experienced counsel can ensure your wishes are...
Asset Protection Planning
Asset protection planning is taking proactive steps to protect your personal or business assets and income before there is a legitimate threat or claim against you or your business. This is not giving away or transferring your assets to other parties, that carries its...
Supply Chain, Product Increases and Shortages
Unexpected supply-chain tie-ups, price increases, delivery delays and product shortages recently plagued many businesses. If they are not bad enough, handling the situation poorly can also result in contract breaches, customer/supplier losses, damages and lawsuits. To...
Elizabeth Bacon presents seminar: ‘That Might be a Problem! Issue Spotting Tips for the SME Business Lawyer’
On February 18, 2022, Elizabeth R. Bacon presented a seminar to the attorneys of the Business Law and Practice Section of the DuPage County Bar Association, entitled “That Might be a Problem! Issue Spotting Tips for the SME Business Lawyer.” She outlined the basic...
Supply Chain and Related Issues
Manufacturing delays, transportation shortages and overall supply chain issues caused problems for many businesses from manufacturing to retail. These situations outside of your control can also result in further problems for your business if you fail to supply,...
Expungement of Marijuana Arrests/Convictions
The law legalizing marijuana also provided that those arrested, convicted or who plead guilty to minor marijuana possession offenses could have their criminal records expunged. Minor violations were to be expunged automatically by the state’s attorneys of each county,...
