Your employee files for bankruptcy—Can you terminate employment?
By Michael R. Lied & Tyler D. Petersen
Commercial Banking, Collections, and Bankruptcy,
May 2003
Your bank operates in a small town, maybe even in a town that is not so small. One of your lending officers files for bankruptcy, and the filing is reported in the newspaper.
New powers for Illinois banks
By Sandra M. Traicoff & Tyler D. Petersen
Commercial Banking, Collections, and Bankruptcy,
March 2000
Recent legislation at both the state and federal levels has expanded the scope of powers authorized for Illinois banks.
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