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Ariel Weissberg

Ariel Weissberg

Federal Bar Association
  • Bankruptcy, Real Estate Law, Business Law...
  • Illinois
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Summary

Ariel Weissberg is the managing partner of Weissberg and Associates, Ltd., 401 South LaSalle Street, Suite 403, Chicago, Illinois, 60605. Weissberg and Associates, Ltd. concentrates in the areas of business and commercial litigation, transactional matters and all aspects of insolvency and financial distress, including bankruptcy, loan work-outs and foreclosures. Mr. Weissberg founded Weissberg and Associates in July, 1984. Since then, he has built a varied and loyal clientele, comprised of small to medium-sized to publicly traded businesses, and individuals. He is sought out for complex business and financial planning, especially relating to credit facilities and crisis-management, and high-risk litigation. Beyond that, Mr. Ariel Weissberg is engaged as an expert witness in legal malpractice cases involving claims emanating from real estate and bankruptcy-related matters. Also, he serves as general counsel in senior management to a number of businesses, including well-established businesses engaged in real estate finance and development. Mr. Weissberg’s practice is concentrated in real estate matters, particularly real estate litigation and transactional work, with an emphasis in financially distressed real estate and insolvency. Mr. Weissberg is a trial lawyer, having litigated in state, federal and bankruptcy courts in Illinois relating to legal malpractice; industrial espionage and patent infringement; alter-ego, piercing the corporate veil and fraudulent conveyance litigation; bankruptcy discharge and dischargeability litigation; residential, commercial and industrial foreclosures; real estate reorganizations and hospitality reorganizations; real estate mortgage fraud actions; landlords matters relating to residential and commercial forcible entry and detainer actions and other lease disputes; in breach of real estate contract actions; mechanics lien foreclosure actions; residential and commercial lease disputes, including evictions; and representing credito

Practice Areas
  • Bankruptcy
  • Real Estate Law
  • Business Law
  • Appeals & Appellate
  • Foreclosure Defense
  • Legal Malpractice
  • Arbitration & Mediation
Fees
  • Free Consultation
  • Credit Cards Accepted
  • Contingent Fees
Jurisdictions Admitted to Practice
Illinois
Languages
  • English: Spoken, Written
Professional Experience
Federal Bar Association
- Current
Decalogue Society of Lawyers
- Current
Chicago Bar Association
- Current
Education
Saint Louis University School of Law
J.D. (1979)
-
Washington University in St. Louis
B.A. / History and Sociology (1976)
-
Awards
Certificate of Merit
American Bar Association
Professional Associations
State Bar of Illinois # 3125591
Member
Current
Speaking Engagements
Fraudulent Conveyances, Piercing the Corporate Veil, Attacking the Sham Divorce, ISBA Law Ed
ISBA
Piercing the Corporate Veil in Bankruptcy, Strafford Webinars
Strafford Webinars
Mortgage Foreclosures 2015, IICLE
IICLE
Websites & Blogs
Website
Legal Answers
4 Questions Answered

Q. Is it true if you maintain a section of property for seven years it is then yours.
A: In Illinois, no, the amount of time for achieving "adverse possession" is an open and conspicuous ownership for twenty consecutive years. Obviously, if you hold title to the property your ownership is more defined. There is some law that states if you have "color of title" and pay taxes on the subject real estate for seven consecutive years, then you have defined rights in the property, but these rights might still be subordinate to other title holders.
Q. I owe 6 finance companys and 3 other on line accounts like ginnys,seventh ave,home at 5 do i qualify for bankruptcy
A: The issue of "qualification" for bankruptcy is complex. As an individual, you qualify to be a debtor (see section 109 of the bankruptcy code) but the issue of whether you should file bankruptcy requires an investigator by a competent bankruptcy lawyer as to the status of your assets, liability, income and expenses. For example, you might not qualify for a Chapter 7 bankruptcy (liquidation) if your debts are not primarily business debts and you make more money than the "means test" allows. The means test is the test to determine if you qualify for a Chapter 7 or a Chapter 13. The means Test is a function of the total household income and expenses, and not just the individual debtors income and expenses. The foregoing is only part of the complexity in answering your question but I recommend a conference with a competent bankruptcy lawyer to solve your problems.
Q. I have a traffic fine from a camera violation...can I include it in my bankruptcy??
A: This debt is non-dischargeable because it is a governmental fine. You could stretch out the payment in a Chapter 13, but the debt can not be discharged in any bankruptcy, including a Chapter 7.
Q. How can yellow cab co drivers and affiliation member buy the company while it is chapter 11 now in chicago
A: Any sale in a bankruptcy case is essentially an auction, whereby prospective purchasers with higher and "better" offers can defeat a purchaser that is the "stalking horse" brought by the debtor or a trustee for court approval. Competing bidders that interested in making an offer for the purchase of assets in a bankruptcy, the offer should be in writing and advanced by an attorney knowledgeable in bankruptcy. I can offer assistance.
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Contact & Map
401 South LaSalle Street Suit 403
Chicago, IL 60605
USA
Telephone: (312) 663-0004 Ext. 6630004