How Ill. Bankruptcy-Alternative Laws Have Endured
Notwithstanding repeal of Illinois' Voluntary Assignment Act, Illinois courts continue to recognize and allow common law assignments for benefit of creditors — governed by case law. Don Swanson provided Expert Analysis for Law360's Bankruptcy publication discussing how Illinois case law has adapted to meet new circumstances. The full article is linked below or can be viewed here with a subscription.
To read more of Don's analysis on bankruptcy law, follow his blog at mediatbankry.com.