In view of the incredible debt being carried by the State of Illinois for unfunded pensions and future retired employee health benefits, a question arises in the comment session every once in a while as to why state government doesn’t … Continue reading
A press release from the U.S. Attorney’s Office: McHENRY MAN CHARGED IN FEDERAL COURT WITH BANKRUPTCY CRIME ROCKFORD — JOSEPH F. RUIZ, 54, of McHenry, Ill., was indicted today by a federal grand jury in Rockford for concealment of an asset … Continue reading
A press release from the U.S. Attorney’s Office: FORMER HUNTLEY, ILLINOIS RESIDENT INDICTED ON BANKRUPTCY FRAUD CHARGES ROCKFORD — A former Huntley, Ill. man was indicted today by a federal grand jury on charges of bankruptcy fraud. TRACY L. SUNDERLAGE, 71, … Continue reading
Bond analyst Steve Willson critiques State Rep. Allen Skillicorn’s legislation to allow municipalities to go through bankruptcy: With due respect to Mr. Skillicorn, this legislation will provide virtually no relief to Illinois taxpayers. The purpose of municipal bankruptcy is to … Continue reading
A press release from State Rep. Allen Skillicorn: Skillicorn Files Legislation to Protect Taxpayers by Allowing Debt-Ridden Municipalities to Seek Bankruptcy SPRINGFIELD – Last week, State Representative Allen Skillicorn (R-East Dundee) filed legislation that would allow debt-ridden municipalities the ability … Continue reading
A press release from the U.S. Attorney’s Office: FORMER BULL VALLEY MAN SENTENCED TO 9 MONTHS IN FEDERAL PRISON FOR CONCEALMENT OF ASSETS FROM A BANKRUPTCY TRUSTEE ROCKFORD — A former Bull Valley, Ill. man was sentenced today in federal … Continue reading
A press release from the U.S. Attorney’s Office: FORMER BULL VALLEY MAN PLEADS GUILTY TO CONCEALMENT OF ASSETS FROM A BANKRUPTCY TRUSTEE ROCKFORD — A former Bull Valley, Ill. man pleaded guilty today before U.S. District Judge Frederick J. Kapala … Continue reading
A press release from the U.S. Attorney’s Office: FORMER MACHESNEY PARK MAN SENTENCED TO 8 MONTHS IN FEDERAL PRISON FOR CONCEALMENT OF ASSETS FROM A BANKRUPTCY TRUSTEE ROCKFORD — A former Machesney Park, Ill. man was sentenced today in federal … Continue reading
A press release from the U.S. Attorney’s Office: Woodstock Woman Pleads Guilty To False Statements In Bankruptcy ROCKFORD — SOULA APOSTOLOPOULOS, 46, of Woodstock, Ill., formerly of Barrington Hills, Ill., pled guilty today before U.S. District Judge Philip G. Reinhard … Continue reading
A press release from the U.S. Attorney’s Office: FORMER TINLEY PARK MAN CHARGED WITH BANKRUPTCY FRAUD FOR CONCEALING SEVEN LUXURY CARS WORTH $294,000 CHICAGO — A former Tinley Park resident was charged by information today with concealing his ownership of … Continue reading
A press release from the U.S. Attorney’s Office: DENTIST AND WIFE CHARGED WITH BANKRUPTCY FRAUD ROCKFORD — A husband and wife, both formerly of Barrington Hills, Ill., were indicted today by a federal grand jury in Rockford on separate counts … Continue reading
Since the following court decision expands protections for bloggers, such as McHenry County Blog, it is being reprinted in full. My thanks for an alert Friend of McHenry County Blog for telling me about it. Highlighting and additional paragraphing has … Continue reading
A press release from the U.S. Attorney’s Office: McHENRY COUNTY MAN PLEADS GUILTY TO MAKING A FALSE DECLARATION IN BANKRUPTCY CASE ROCKFORD — A Wonder Lake, Ill. man pleaded guilty today in federal court before U.S. District Judge Frederick J. … Continue reading
A press release from Grafton Township Supervisor Linda Moore: Trustees Bankrupting Grafton Township with Budget Plan Over $500,000 was spent by Trustees Zirk, Murphy and LaPorta on the failed effort to build a new town hall before I was sworn … Continue reading
When it became public information that former Metra Executive Director Phil Pagano’s wife Barbara had filed bankruptcy, a reasonable question seemed to be “Has the Metra Board made any filings in the Barbara Pagano bankruptcy case?” In reply to my … Continue reading
In an interview with Craig Dellimore with WMMB-Radio, U.S. Senator Mark Kirk indicated that he would be willing to vote to allow state government in Illinois to declare bankruptcy: “Between a bailout, which has no possibility of passing in the … Continue reading
So you tell your employer to put some of your money in a health care expense (or salary reduction) account so you can pay medical bills with tax free money. You better hope that your employer didn’t hire an outfit … Continue reading
McHenry County just keeps making Chicago news. Today on the front page of the Chicago Tribune is an article about former Metra Executive Director Phil Pagano’s wife’s having filed for bankruptcy. Back in September. In Rockford. Pagano apparently left his … Continue reading
The Turnberry Country Club is having financial problems. That’s been rumored for quite a while. But the club did not declare bankruptcy. The ownership is in transition says Lakewood Village President Erin Smith. Her husband Mike was the last president … Continue reading
My eleven-year old and a friend were playing a Wii game called “Rampage” It’s one of those monsters versus people and buildings games where the players reek mayhem throughout a major city and, having conquered, move on to another. My … Continue reading
