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David P. Leibowitz, Chapter 7 Trustee

Chapter 7 Trustee Lawyer in Chicago, Illinois

Our leader, David Leibowitz, has been appointed by the United States Trustee to serve as a Chapter 7 trustee for the Northern District of Illinois, Eastern Division. David has been a trustee since 1990. During this time, Lakelaw has overseen at least 20,000 cases. He administers cases arising in Cook County, Illinois. He also serves, when appointed, as a chapter 11 trustee. He is available for service as a receiver and as an assignee for the benefit of creditors. Significant cases for which he serves as trustee presently include IFC Credit Corporation, Kevin G. Carney, and McDonough Associates, Inc.

Mr. Leibowitz is a Contributing Editor of the American Bankruptcy Institute Law Journal. He serves on the Board of the Non Residents Lawyers Division of the Wisconsin Bar. Mr. Leibowitz is also the editor-in-chief and a principal author of the American Bankruptcy Institute Fraud Manual. Mr. Leibowitz is also a contributing editor to the BNA – Bloomberg Bankruptcy Treatise to be published in 2014. He is also served or is serving as trustee in the following significant cases:

  • IFC Credit Corporation (Top 100 equipment leasing company in liquidation)
  • Keystone Mechanical, Inc. (Leading plumbing contractor in liquidation)
  • Kevin G. Carney (Accused Ponzi-scheme perpetrator)
  • Goldblatt’s Bargain Stores, Inc. (Department store liquidation)
  • Michael Lynch (former metal manufacturing executive)
  • McDonough Associates, Inc. (civil engineers).

Debtor’s counsel should provide pay advices, tax returns or transcripts, and statements showing the balances in all financial accounts on the date of filing within 7 days prior to the 341 meeting. See Federal Rule of Bankruptcy Procedure 4002(b)(2)(A). Mr. Leibowitz will ordinarily decline to hold a 341 meeting for debtors who do not comply with these requirements.

Please be familiar with and ensure debtors’ compliance with Bankruptcy Code § 521 as well as Bankruptcy Rule 4002.


For a list of frequently asked questions, please click here.