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

Former Investment Firm CEO Files for Chapter 7

The CEO of a large investment management firm filed for bankruptcy this month after being approved for a lifetime ban from the securities industry.

As with any Chapter 7 bankruptcy filing, the CEO will be granted immunity from creditors during the bankruptcy process. This will allow him to review his debts and obligations to creditors in order to decide how best to repay his debts.

While a portion of the debts will be discharged upon successful completion of the bankruptcy, there are certain debts that will be labeled as "non-dischargeable." These include items such as domestic support payments, taxes and money obtained through alleged fraud.

The CEO is also the subject of a lawsuit which claims that he committed fraud and breached fiduciary duties by engaging fraudulent activities. At this time, neither the CEO nor his attorney is responding to comments about the lawsuit or the Chapter 7 bankruptcy filing.

Filing for Chapter 7 in Illinois? If so, contact a Chicago Chapter 7 bankruptcy lawyer form our law office now. With help from our Chicago bankruptcy attorneys, you'll find that your filing is less stressful and it may also move faster.

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