- Child SupportIn most cases, a creditor must obtain a court judgment against a debtor before pursuing wage garnishment. This judgment is a formal court order that states the debtor owes a specific amount of money to the creditor. Exceptions to this requirement include certain debts, such as unpaid taxes, student loans, and child support.
- Business DisputesWith expertise in business law, litigation, creditors' rights, bankruptcy, real estate and related areas, TL&S provides a complete range of commercial legal services.
- Intellectual Property
- Workers Compensation
- Construction LitigationThere are numerous situations where companies may need to collect debts or other receivables, including in matters related to construction projects. In some cases, construction litigation can be used to collect unpaid bills, resolve contractual disputes, or pursue damages for faulty workmanship. Business owners who are owed money by an individual or company in the construction industry can work with an attorney to recover the money that is owed to them.
- Property DamageProperty damage - Tenants must take care of commercial property and treat it with respect, as they would their own home or property. If a commercial tenant damages the property in any way, a landlord has the right to evict that tenant, and the landlord may be entitled to receive compensation for the damage caused by the tenant.
- BankruptcyBusinesses and individuals with significant financial difficulties may file for Chapter 11 bankruptcy protection. A creditor faced with a debtor company that has filed for Chapter 11 bankruptcy should consider consulting with an attorney who represents creditors to ensure that they are able to recover their assets and to familiarize themselves with the process.
- ForeclosureTeller, Levit & Silvertrust, P.C. Partner Graham M. Liccardi recently participated in a panel discussion and presentation on issues facing creditors with contract drafting and enforcement at the Illinois Creditor’s Bar Association Spring 2023 Seminar. The discussion focused on issues surrounding proper party defendants, judgment drafting, personal guaranties, venue provisions, and liquidated damages clauses. The ILCBA was founded in 1995 by a small group of consumer collection and subrogation attorneys. Today, the Illinois Creditors Bar Association has grown to approximately 200 members who practice throughout this and adjoining states. In addition to consumer collection and subrogation, the members’ practices now also include such diverse areas as: commercial collection, commercial litigation, creditor bankruptcy, mechanics liens, foreclosure and evictions.
- Debt CollectionThere are a variety of situations where commercial creditors may need to collect amounts owed to them while protecting their financial interests. Asset recovery is an important aspect of commercial debt collection, and an experienced creditors' rights attorney can help to locate and recover assets that were used by debtors to secure debts. In these situations, an experienced attorney can advise creditors of their options, including determining whether detinue or replevin actions may be used to take possession of property.