Bankruptcy — legal, equitable interest to a claim

Posted December 17, 2014 2:49 PM

Where a party files for bankruptcy, all legal or equitable interests become part of the bankruptcy estate unless specially exempted, even if not listed as an asset, and, as such, that party cannot pursue these claims either individually or as a class representative. The Illinois Appellate Court, 1st District, 6th Division, affirmed the decision of Cook County Circuit Judge Rodolfo Garcia. On May 18, 2012, Rachel Deweese and Shakena Jamerson filed suit against Stratford Career Institute Inc. They filed suit both on …

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