NEW LEVY RULES WITHDRAWN - CREDITOR'S RIGHT TO LEVY ON PROPERTY REMAINS UNALTERED

In our last newsletter we reported on a problem that made it all but impossible for commercial creditors to make levies on inventory and equipment after obtaining judgment. This was caused by new levy rules implemented by the Office of the Sheriff of Cook County.

Teller, Levit & Silvertrust, P.C. brought suit against the Sheriff seeking a determination that the new rules were improper in that they diminished traditional rights belonging to ail judgment creditors in this state. We are pleased to report that after this action was instituted the Sheriff withdrew the new rules and returned to traditional levy rules which had been in force since statehood and which were based upon the common law of England. We were able to enlist the support of another law firm that joined with us in this action. Let us hope that this is the last we will see of change in this area of the law.

The material contained herein is not to be relied upon as a substitute for consultation with your attorney.