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The Time Value of Money and Prejudgment Interest

Whether we are cognizant of it or not, money is worth more today and than it is tomorrow. This is the time value of money and is a method that Illinois lawyers can increase value on a breach of contract claim for their clients.

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Collecting on A Judgment in Illinois: The Wage Deduction Proceeding

If you have a judgment and the judgment debtor is employed and earning wages, a wage deduction proceeding is a powerful tool for collecting on that judgment.

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The Benefits of A Single-Member Limited Liability Company

The Illinois Limited Liability Act ("LLC") allows for single-member LLC's, as do many states. This is often-times a better option than the unincorporated business model that was often the only option for this type of business formation.

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Illinois Debt Collection: Considerations Prior to Filing a Lawsuit

When someone is owed money and they are unable to collect it, the first option that comes to mind is to file a lawsuit against the person who owes you money.

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Do Judgments Expire in Illinois?

Illinois, like every other state, has its own statute of limitations on how long a judgment can last.

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Why Does the Litigation Process Take so Long in Illinois (and Everywhere)?

Whether you or someone you know is dealing with a lawsuit or criminal charge, you might be wondering why legal cases go on for such a long time.

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How to Domesticate an Out-of-State Judgment in Illinois

Sometimes an Illinois business needs to bring a lawsuit in another state against a customer, supplier, or business entity.

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How Do I Collect Unpaid Invoices in Illinois?

If you run a small business, it is inevitable that you will eventually run into a client or customer who owes you money.

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How to Form an Illinois LLC

A Limited Liability Company ("LLC") is a excellent vehicle to incorporate your Illinois business due to its hybrid business structure. The members are insulated from person liability for the debts of the LLC, much like a corporation, but shares some of the same tax benefits of a sole proprietorship.

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How Do You Collect Child Support Payments in Illinois?

As an attorney who does collection work, our firm receives a lot of questions about how to deal with a noncustodial parent who lapses in payments of child support.

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