Debt Collection Process

Illinois Bankruptcy Law News

Judge OKs sale of Ohio-based newspaper chainThursday, July 29, 2010 @ 5:52PMCENTRAL ISLIP, N.Y. — A judge has approved the sale of Ohio-based newspaper chain Brown Publishing Co. to a group of company insiders.

American Safety Razor, Lehman, Innkeepers, AbitibiBowater: BankruptcyThursday, July 29, 2010 @ 12:24AMAmerican Safety Razor Co. , the fourth-largest maker of wet-shaving blades, filed a Chapter 11 petition yesterday where the company will be sold to first-lien lenders in exchange for debt unless second-lien creditors make arrangements to pay off the senior creditors within seven weeks.

[Your Turn] Be VigilantWednesday, July 28, 2010 @ 5:01PMDonna Ladd ’s “ My Kind of Tea Party ,” which appeared in your July 15-21, 2010, issue, brought back vivid memories of a few people who spoke out against unbridled racist propaganda and hate-inspired actions that have made Mississippi the poster state for pervasive racism.

Bankers say financial reform will be felt at homeWednesday, July 28, 2010 @ 11:05AMThe United States Senate passed a financial reform bill two weeks ago meant to dramatically alter the way business is conducted on Wall Street. Local bankers say the reverberations of the legislation, known as the “Dodd-Frank Wall Street Reform and Consumer Protection Act,” will be felt in small-town Iowa.

Cathay General Bancorp Announces Net Income of $1.9 Million for Second Quarter 2010Tuesday, July 27, 2010 @ 3:30PMCathay General Bancorp , the holding company for Cathay Bank , today announced results for the second quarter of 2010.

Arnstein & Lehr Partner Phillip M. Hudson III helps negotiate agreement with lender resulting in sale of South Beach ...Tuesday, July 27, 2010 @ 8:57AMSouth Florida - Phillip M. Hudson III, a partner with Arnstein & Lehr LLP, lead the negotiations on behalf of the Lionstone Group regarding the underlying loan with FirstBank Puerto Rico that resulted in the sale of the Seville Hotel to Marriot and hotelier Ian Schrager for $57.5 million.

Business newsWednesday, July 21, 2010 @ 4:01AMREAL ESTATE Five Prudential One Realty Centre agents received 2010 Five Stars, based on a survey of residents who recently purchased homes. The surveys were based on customer service, communication, finding the right home, integrity, negotiation, marketing the home, market knowledge, closing preparation and overall satisfaction. The agents are Irma August, Diana Massey, Rosemary Wilson, Kim ...

Financial reform will mean changesSunday, July 18, 2010 @ 10:31PMReporting requirements will give consumers more details on loans, mortgages. It may be quite a while before consumers feel the effects of the newly passed federal financial reform legislation.

Letters to the EditorTuesday, July 13, 2010 @ 2:13PMI wanted to bring to your attention our latest Pork Alert highlighting wasteful earmarks that were included in the fiscal year 2011 Department of Transportation, Housing, and Urban Development (THUD) Appropriations Act. One of the earmarks that we highlighted was for acquisition of two ferries for a new ferry service in Berkeley that was requested by House Speaker Nancy Pelosi (D-Calif.):