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Commercial Collection Issues in a COVID-19 Economy

on May 11, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

The daily news reminds us of the growing grim economic toll wrought by the COVID-19 pandemic. As discussed in some of our prior Alerts, federal, state and local governments have adopted various measures to moderate some of these effects, including offering stimulus payments and loans, and...


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Preparing for the (Likely) Coming Wave of Bankruptcies

Posted by: C. Daniel Motsinger on May 5, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

As the economic fallout from the COVID-19 pandemic continues to rise – for example, J. Crew recently filed bankruptcy, and the financial press is predicting that Neiman Marcus may also file for relief this week – it seems prudent for secured lenders to consider what steps they can take to...


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Illinois Eviction Moratorium: Relief Extended to Non-Residential Tenants

Posted by: Alexander E. Porter on April 29, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

On April 23, 2020, Illinois Governor J.B. Pritzker signed Executive Order 2020-30 (“Order”), which, among other things, extended relief previously provided by Executive Order 2020-10 prohibiting law enforcement from enforcing eviction orders for residential properties, and broadened this relief...


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COVID-19 and Supplemental Proceedings: Illinois Supreme Court Provides Guidance

Posted by: Alexander E. Porter on April 29, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

On April 24, 2020, the Supreme Court of Illinois issued an emergency order (“Order”) concerning post-judgment proceedings against consumers. [1] The Order was entered to complement Governor J.B. Pritzker’s Executive Order 2020-25, which suspended the service of wage garnishment and deduction...


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COVID-19 and the Mortgage Industry: Embracing the Virus on the Legislative and Regulatory Front

Posted by: Alexander E. Porter on April 27, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

The Coronavirus Aid, Relief and Economic Security Act, S. 3548 (“CARES Act”), was signed by the President on March 27, 2020. Grappling with the wide array of industries impacted by the CARES Act, and COVID-19, can be overwhelming. This holds true particularly for anyone in a consumer-facing...


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Indiana Supreme Court Orders Partial Protection of CARES Act Recovery Rebates Payments

Posted by: C. Daniel Motsinger on April 21, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

In a procedurally-unusual order issued April 20, 2020, the Indiana Supreme Court exercised its emergency rule-making authority to order that all Indiana trial courts “shall issue no new orders placing a hold on, attaching, or garnishing funds in a judgment-debtor’s account in a depository...


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Federal Reserve Announces the Main Street Lending Program

Posted by: Kelsie L. Breit and Julia A. Carpenter on April 17, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

On April 9, 2020, the Board of Governors of the Federal Reserve Bank (the “Fed”) announced preliminary details of two new loan programs that have aggregate funding of $600 billion, offered as part of the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"). They are called the...


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