Ryan Blackney Published in IICLE Flashpoints

The Bankruptcy Code authorizes extraordinary relief to “honest but unfortunate” individual debtors of a broad discharge of their debts, permitting them “to start afresh.” But as explained in a recent opinion of the Bankruptcy Court for the Central District of Illinois, sometimes debtors engage in practices making them undeserving of that relief. Attorney Ryan Blackney, an associate in the Firm's Commercial Litigation Practice Group and the Bankruptcy and Financial Restructuring Group, authored an article for the Illinois Institute for Continuing Legal Education's Flashpoints newsletter that dissects the case in which a debtor was denied the ability to discharge her debts due to fraudulent transfers. The article is titled "Bankruptcy Court Finds that Debtors Cannot Pay Lawyers Simply to Avoid Creditors" and published on Nov. 16.