Prior to bankruptcy the debtor vacated leased space before the end of the lease term. The landlord filed a proof of claim in the bankruptcy.
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Prior to bankruptcy the debtor vacated leased space before the end of the lease term. The landlord filed a proof of claim in the bankruptcy.
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The recipient of funds that a trustee seeks to recover by means of a fraudulent transfer claim may avoid liability by establishing that it took “for value and in good faith”.
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In recent years, lenders have been forced to defend a record number of so-called “wrongful foreclosure” lawsuits.
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The debtor was an investment management company that served as a discretionary investment advisor with respect to assets deposited with it by its customers.
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Since 2008, lenders in Illinois have faced heightened scrutiny and a sharp rise in lender liability claims.
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The debtor objected to an amended proof of claim filed by its landlord, arguing that the claim exceeded the statutory limit.
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