Bankruptcy Attorney
Bankruptcy Lawyer Attorney Profiles Common Questions Bankruptcy Evaluation Office Locations

No Money Down on Chapter 13 Cases
For Qualified Wage Earners!
Chapter 7 Bankruptcy from $850

Information Center
Asset Protection
Bankruptcy Overview
Business Bankruptcy
Chapter 13
Chapter 11
Chapter 7
Creditor Harassment & Abuse
Debt Relief Options
Eliminating 2nd Mortgages
Fighting Foreclosure
Means Test
Rebuild Credit
Resources
Taxes & Bankruptcy
Bankruptcy Alternatives
Bankruptcy Exemptions
Bankruptcy Myths
Bankruptcy Process
Bankruptcy Time Line
Benefits of Bankruptcy
Chapter 7 vs. Chapter 13
Filing for Bankruptcy
Is Bankruptcy Right for Me?
Life After Bankruptcy
Why Hire a Bankruptcy Attorney
Will I Lose Anything?
Read our blog

Manhattan Judge Issues Surprise Ruling

A Manhattan judge issued a surprising ruling this week regarding the bankruptcy case of a brokerage firm.

The New York based firm filed for business bankruptcy earlier this year, prompting an outcry from existing clients. These clients wanted to band together to form a committee, but the judge ruled that this would not be permissible. Even though these clients have a total of $4.54 billion in frozen accounts, they will not be allowed to form their own committee. This ruling came shortly after some additional shocking news went public: of these funds, as much as $1.2 billion is currently missing.

Instead of forming a committee, the commodity customers' will be able to work with a court-appointed trustee regarding their frozen funds.

Do you have questions about business bankruptcy? If so, don't hesitate to contact Bizar & Doyle, LLC today to discuss your options with one of our Chicago bankruptcy lawyers.

Free Bankruptcy Evaluation
Eliminate Debt & Bills
123 W. Madison Street, Suite 205; Chicago, IL 60602
Attorney Web Design
The information on this website is for general information purposes only. Nothing on should be taken as legal advice for any individual case or situation.

Main Office: 123 W. Madison Street, Suite 205 Chicago, IL 60602
Phone Number: (312) 427-3100