Power in Collaboration®
On January 1, 2016, the Illinois Mechanics Lien Act (the “Act”) will be amended to include section 38.1, which will permit a lien claimant, housing association, owner, or any person or entity that may be liable for a lien claim, to file a petition to substitute a surety bond for the lien claim. In other… Read more »
Many millennials carry heavy student debt burdens, but there are tax-advantaged strategies that some may employ to better take advantage of the Internal Revenue Code. The term “millennial” has become almost a bad word among generation-xers and their baby boomer parents, used to describe the generation born between 1980 and the mid-2000s. Sometimes characterized as… Read more »
Di Monte & Lizak is proud to announce the hiring of Jeffery Ramirez. Jeff joined Di Monte & Lizak’s transactional department in June of 2015. Jeff devotes his practice to real estate and business transactions, estate planning and taxation. Jeff earned his B.S with honors from DePaul University in Accounting with a minor in Economics… Read more »
In a bankruptcy proceeding, preference law is the means by which the debtor or a trustee, can recover a payment or other transfer which was made by the debtor within 90 days of the debtor’s bankruptcy filing or alternatively within one year in the case of a transfer to an insider. An insider is generally… Read more »
By Derek D Samz Collecting on judgments or other accounts receivable can often be a daunting and murky endeavor, especially without the assistance of an attorney. Oftentimes debtors will go to great lengths to avoid payment of your debt. A common tactic that debtors will employ is to assert that they owe money to a… Read more »
As a case gets closer to a scheduled trial date, the parties frequently engage in eleventh hour settlement discussions. The uncertainty of a trial result often influences all parties to settle a pending dispute with a certain result via settlement. The party who had more success during the discovery phase of the litigation may have… Read more »
As another bleak, cold and snowy Chicago winter melts into an all too brief Spring, it is time to get outside and start those “Public Works Projects” again. Therefore, a brief refresher regarding the applications of the Illinois Prevailing Wage Act (“Act”) seems particularly appropriate. This article will focus on paying of wages, fringe and… Read more »
A common problem for business owners experiencing a loss of customers based on the current economy is how to market your services and products to potential new customers. Advertising on billboards, television and radio is expensive and may not reach your intended market. Therefore, you may consider hiring a company that sends out phone calls… Read more »
The courts continue to look past the language of confidentiality and non-solicitation and non-competition agreements and to focus on whether the employer has a “thing” worthy of protection and whether the employer has given the employee adequate, independent consideration to support the restrictive covenant. In nClosures, Inc. v. Block and Company, Inc., October 2014, the… Read more »
The Illinois Supreme Court in an opinion filed October 17, 2014, in the case of Lake Country Grading Company, LLC v. The Village of Antioch clarified the law requiring completion and payment bonds for public works projects. A grading company sued the Village alleging that the Village failed to obtain a payment bond as required… Read more »