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Illinois State Approved Sessions

Creditor Remedies Business Track

This panel will focus on state court receiverships, federal court receiverships, involuntary bankruptcies, assignments for the benefit of creditors and other alternatives to traditional workouts, all from a creditor’s perspective.

Ethical Practice Management - Consumer Track

Navigating the intersection of ethics and practice management is critical for consumer bankruptcy attorneys. This session will explore the ethical obligations that arise in everyday practice, including client communication, case oversight, fee disclosures and managing high-volume dockets. The panelists will address common pitfalls and real-world scenarios that challenge compliance with the ABA Model Rules and local court requirements. Attendees will leave with practical strategies for maintaining ethical integrity while operating an efficient and sustainable consumer bankruptcy practice.

Generative AI and the Restructuring Professional: Practical Uses, Ethical Risks, and How Not to Get Sued by Skynet

As generative AI becomes part of the bankruptcy and restructuring toolbox, professionals face exciting opportunities — and serious obligations. This interactive panel will dive into real-world uses of AI tools, best practices for effective prompting, and the ethical rules you really don’t want to break. The panelists will include live demonstrations and audience Q&A, and discuss how courts and clients are responding to this fast-changing landscape.
1 hour 20 minutes 42 seconds

Health Care Bankruptcies

Health care bankruptcies present unique legal, operational and regulatory challenges that require specialized strategies and coordination. This session examines recent high-profile health care bankruptcy cases and will analyze the factors driving financial distress in hospitals, senior care facilities and other medical providers. The panelists explore such issues as patient care continuity, treatment of Medicare and Medicaid claims, the role of governmental regulators, and the impact of health care-specific rules on restructuring efforts. Whether representing debtors, creditors or other stakeholders, practitioners will gain insights into navigating the complexities of insolvency in the health care sector.

Mountainside Chat: Economic Update

Join us for an engaging and informative conversation on the current economic landscape and its impact on bankruptcy filings nationwide. This informal discussion covers recent trends in consumer and business bankruptcy, macroeconomic indicators influencing case volumes, and the broader implications for courts, practitioners and policymakers. With perspectives grounded in both judicial experience and economic research, this session provides a unique look at how data and real-world developments intersect in the bankruptcy system.

Liability-Management Transactions: How We Got Here, Where We’re Going - Business Track

This panel discusses the history and evolution of liability-management transactions, including uptiers, drop-downs and double-dips, while providing insights from company, lender and creditor perspectives. The panelists also discuss recent developments and trends following the Serta and Mitel decisions, as well as their perspectives on how these types of transactions will be utilized going forward — and whether they are tools for success or invitations for trouble.

Litigation Panel - Business Track

This panel explores various topics including litigation issues and obligations specific to creditors committees, the role of financial experts in litigation, and evidentiary issues that practitioners are likely to encounter. The panel also provides practical tips on preparation and best practices.

Sophisticated Debtors, Complicated Cases: Chapter Choice, Income, Crypto, MCAs - Consumer Track

Understanding and calculating income can be challenging when it isn't consistent. This panel will explore strategies for assessing income for individuals with variable earnings, including seasonal employees, gig workers, self-employed individuals, and those receiving overtime or bonuses. The panelists also will discuss best practices, tools and policy considerations to ensure accurate and fair income determination in complex financial situations.

Leases - Business Track

In today’s volatile commercial real estate market, the intersection of lease law and bankruptcy is more complex than ever. This panel dives into the real-world challenges landlords and tenants face when bankruptcy hits, using recent high-profile cases — including WeWork and a wave of "Chapter 22" retail filings — to examine the growing tensions among market realities, restructuring costs and the Bankruptcy Code.

Tax Pitfalls: Considerations for the Prudent Practitioner - Consumer Track

This panel canvasses practical tax-related considerations for consumer attorneys to help you avoid common pitfalls, including the impact of tax issues on the timing of filing, dischargeability, asset administration and exemptions; a survey of trust fund taxes, what they are, how they differ across the states, and what they mean for individual liability; the responsibilities of chapter 13 debtors from a tax perspective; and negotiating with taxing authorities.