Law Blog
What to do When You See Your Borrower in Trouble
As close as you may monitor your debtors or borrowers, you may be surprised when you learn that a debtor or borrower is in financial distress. Some of the steps to take to prevent your borrower or debtor’s financial distress from becoming yours include: Reconsidering...
Elizabeth Bacon Speaks at DuPage County Estate Planning Counsel’s Meeting
Elizabeth Bacon was a featured speaker at the DuPage County Estate Planning Counsel’s meeting on September 6, 2023, discussing “Privacy and Cyber Security; Tech and Legal Pitfalls and Tips for Your Practice and Clients.” In addition to being a lawyer, Elizabeth is one...
September Business Bytes
This month’s Business Bytes highlights cyber security, privacy violation suits and marijuana in the workplace. Cyber Security. With more cyberattacks predicted and smaller businesses with less to spend on security being targeted, there are some inexpensive...
Eric Wilen to Join Discussion Panel of Trust and Estate Attorneys
Eric Wilen will join a distinguished panel of trust and estate attorneys and bank legal counsel from the CIBC Bank for a panel discussion entitled “Why Won’t the Bank Accept My Client’s Power of Attorney? Understanding the Issues Facing Trust and Estate Lawyers and...
Negative Pledge in Loan Documents
While it is always important to read and understand the contracts you sign, loan documents, particularly those that look to be the lender’s printed “standard form” can contain hidden provisions. While a loan may say its “unsecured,” not constituting a lien on your...
Illinois Employer Obligations List
Even the smallest Illinois employers are faced with complying with a myriad of state and federal employment laws, including: No age, race, sex, color, religion, sexual orientation or pregnancy discrimination (All) Providing equal employment opportunities without...
August Business Bytes
This month’s Business Bytes highlights gift/estate tax exemption, cyber insurance confusion and social media liability. Gift/Estate Tax Exemption. While the Taxpayer Relief Act of 2021 increased the $5,000,00.00/$10,000.00 estate tax and...
International Business and Terrorism
The recent U.S fine imposed on a French company pursuant to the Anti-Terrorism Act, 18 USC §2339 B et seq., for its payments to a terrorist organization that controlled the area where its cement factory was located in order to keep it operating, is a warning to all...
Plan Your Business/Investment Exit
Like a parent preparing an estate plan or an engaged couple preparing a pre-nuptial agreement, when you start or invest in a business you should have an exit plan. Deaths, disabilities, retirements or just the passage of time can create the need for substantial...
July Business Bytes
This month’s Business Bytes highlights privacy protection, pursuing insurance claims and businesses in distress. Privacy Protection. While Illinois may have been first to enact strict privacy protections, most states, the federal government and many countries...
