poetic justis

 

A recent case has raised concern over the level of protection afforded under the traditional corporate veil. We need to watch this closely to ascertain whether this is an isolated case or a developing trend. According to a recent case in the Appellate Court for the First District, which for practical purposes is Cook County, a non-shareholder who is not an officer, director, or employee of a corporation, may be found individually liable for a judgment against a corporation.

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On January 1, 2014, a new regulation by the Consumer Finance Protection Bureau went into effect that prohibits a lender from initiating foreclosure on a residential loan until the debtor is 120 days past due. For those who are unaware, this bureau is an "independent" agency established by the "Dodd-Frank Act" to regulate every lender and debt collector under the sun. Like many regulations set forth by the bureau, conflicting authority has developed over this one. Specifically, lenders need to know whether sending a demand letter is prohibits during this 120 day period.

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Recently a Miami Crime Stoppers official was ordered to hand over a piece of paper that included an anonymous tip leading to a cocaine-related arrest, and instead the witness swallowed the evidence as he sat in the courtroom. As a result, the witness was issued a contempt citation and might get as much as two weeks in jail for disobeying the judge's order.

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Welcome to our new website & to our legal blawg Poetic Justis! Formerly known as Peoria Legal Blawg, we have re-launched our website to better focus on our new blawg and the artwork of Mr. VanFleet’s children, which will be featured and periodically rotated as the background theme of our entire website. Please join us each month to follow our legal based blawg posts and a special poem written by Mr. VanFleet himself!

VanFleet Law Offices

The VanFleet Law Firm has a strong history in Commercial Litigation, Banking Law and General Business Law matters. Founded by Joseph VanFleet in 1998, the practice has grown and flourished over the years thanks to the talent, expertise and tenacity of the VanFleet legal team. Today, it provides counsel to a broad range of local, regional, national and international clients.

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