Business Bankruptcy

Business Bankruptcy, Insolvency and Restructuring

We have helped hundreds of businesses of all sizes to resolve their financial difficulties.   Unlike the “big firms”, our focus is on small and medium sized businesses.  While we do not represent publicly held corporations in bankruptcy cases, we have represented many people and businesses with issues in “mega-cases” such as Kmart or United Airlines.  We offer sophisticated representation and smart solutions.  We will treat you and your business with the care, kindness, courtesy, respect, professionalism and dedication that you want and deserve.  Our interstate practice, with offices in Chicago, Waukegan, Kenosha and La Crosse uniquely situates us to represent your interests over a wider geographic area than the typical firm.  We practice in the bankruptcy courts in Chicago, Rockford, Milwaukee, Madison and Eau Claire as well as bankruptcy courts in down-state Illinois and other parts of the country.

If your small or medium sized business is facing bankruptcy, insolvency, or financial distress, Lakelaw offers many alternatives:

• Chapter 11 Reorganization for corporations and limited liability companies
• Illinois Assignment for the Benefit of Creditors
• Wisconsin Receiverships under Chapter 128 of the Wisconsin Statutes
• Illinois Dissolution of Corporations under Article 12 of the Business Corporation Act
• Wisconsin Dissolution of Corporations under Chapter 180 of the Wisconsin Statutes
• Dissolution of limited liability companies
• Informal Workouts with Banks and Unsecured Creditors
• Strategic sale of corporate assets

If your customer has filed a chapter 11 bankruptcy, we can help you swim with the sharks in deep water.  Click here for Mega-Case Representation.

If your customer simply is not paying and collection is not the answer, maybe an involuntary chapter 7 petition is the answer.  Click here for Involuntary Chapter 7 Petitions.

Lakelaw believes that your business is unique.  Each business faces its own particular challenges.  We design a custom solution particularly for your company.  We are concerned about your personal welfare as well as that of your business.

David Leibowitz our practice leader in Illinois and Wisconsin, has over 35 years of experience in helping businesses recover from financial difficulties.  We have been recognized as leaders and innovators both locally and nationally in this practice area.

Business Bankruptcy

• Big Bankruptcy Cases
  • Delphi
  • Kmart
  • Six Flags
• Chapter 11 Reorganization
• Creditors Committees to Business Bankruptcy
• Illinois Assignment for the Benefit of Creditors
  • Case Study
• Involuntary Bankruptcy Petitions
  • Case Study (Precise Casting)
• Wisconsin Chapter 128 Receiverships