Archive for January 2018
“Mere Continuation” Doctrine Requires Common Ownership
The absence of significant common ownership between the alleged predecessor and successor dooms a creditor’s attempt to hold the latter responsible for the debts of the former under the “mere continuation doctrine,” a panel of the Appellate Court in Chicago has held.
Read MoreCitation Respondents Can’t Lend To Judgment Debtor’s Entities
Financial institutions subject to citations to discover assets had best not enter into loan agreements
with entities affiliated with the judgment debtor until the citation proceedings have been resolved