A Day of Historic Wins
We knew we had a great day at the Lakelaw office when our friends and fellow attorneys were congratulating us on our back-to-back victories. So we thought we should tell our friends about it, too.
Bankruptcy Court Case Win #1: Green v. Leibowitz
On Tuesday, July 16, 2024, the Seventh Circuit Court of Appeals issued its opinion in Green v. Leibowitz, affirming David Leibowitz’s position as the bankruptcy trustee that a Canadian retirement plan was subject to creditors’ claims and not exempt under Illinois law.
This decision culminated two years of litigation in the bankruptcy court, the district court, and finally, the Seventh Circuit Court of Appeals. The Seventh Circuit even cited another Lakelaw win, People ex rel Leibowitz v. Family Vision Services, an Illinois Supreme Court decision that David Leibowitz won, in support of its decision.
Before becoming a bankruptcy lawyer, David Leibowitz started his career as a clerk to a judge and former professor in the Illinois Appellate Court. David has successfully appealed in the Illinois Appellate Court and the Illinois Supreme Court, as well as bankruptcy appeals in the federal district court and appeals in the Seventh Circuit Court of Appeals. He has been on the brief in two matters in the United States Supreme Court.
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Bankruptcy Court Case Win #2: Chapter 11 Reorganization
Our winning streak continued later that afternoon.
David Leibowitz asked the bankruptcy court to stop lawsuits against the principals of his Chapter 11 debtor client, so that they could focus on reorganizing their company in Chapter 11.
Most of David’s friends discouraged him from trying this because they said a bankruptcy court would never grant this relief. But David knew this particular judge had granted precisely this sort of motion in another case 14 years ago. And despite opposition from 4 opponents and over 2 hours of their argument, Judge Cox issued a written, published opinion, enjoining or stopping, the lawsuits against the debtor’s principals so they could formulate their Chapter 11 bankruptcy plan without outside interference and costs.
This victory came only two weeks after David filed his emergency motion for an injunction. Sometimes, justice can be swift as well as effective.
Secure Your Victory with Our Award-Winning Law Firm
At Lakelaw, you can count on being represented fearlessly and passionately.
Named one of the best bankruptcy law firms in the country by Best Lawyers, Super Lawyers, U.S. News & World Report, Martindale-Hubbell, and Lawdragon, we take great pride in providing all of our clients with razor-sharp and ethically sound legal services.
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