Noonan & Lieberman has a thriving commercial foreclosure practice. It represents creditors in foreclosures involving condominium projects, office buildings, retail developments, vacant land, multi-unit and multi -family apartment complexes, hotels, strip malls, and industrial property.

It is important that each commercial foreclosure have the proper strategy defined before litigation is initiated. We believe that commercial foreclosures require a firm with a specialized understanding of Illinois foreclosure law, as well as experience with complicated legal issues which typically arise in these types of cases. Evicting commercial tenants; negotiating and terminating commercial leases; executing on assignments of rents; appointing and representing receivers and mortgagees in possession proceedings; pursuing a creditor’s remedies under the UCC; attaching chattel and personal property; and enforcing commercial and personal guaranties are just some of the issues that we have litigated on behalf of commercial creditors. While we strive to obtain judgment for our clients as swiftly as possible, we always look for ways to facilitate recovery of possession as expeditiously and economically as possible.

Noonan & Lieberman also represents its commercial creditor clients in navigating the shifting terrain of modern bankruptcy, insolvency, and recovery law. We specialize in maximizing the effective pursuit of a creditor’s rights and remedies in both litigation and out-of-court workout and recovery situations. We are results-driven, creative, and ready to advise clients in connection with all aspects of bankruptcy and non-bankruptcy liquidation, financial restructuring, and reorganization. We routinely counsel financial institutions and other creditors on protecting their collateral and realizing the maximum return on administrative and unsecured claims. Noonan & Lieberman will defend our commercial clients in bankruptcy preference, fraudulent transfer, and other litigation.
Noonan and Lieberman also represent landlords, property management companies, financial institutions, and our other commercial clients in recovering possession of commercial and investment real property in eviction and forcible entry and detainer actions. The firm actively works with the various counties’ sheriff’s departments to assure that our client’s possession claims are handled smoothly and expeditiously.

Cost-effective

Our firm is the same size as specialized practice groups at many larger firms. However, our model allows us to focus our attention on the particular needs of our clients, and to deliver positive results at a lower cost.

We have been retained as regional or state counsel for some of the largest financial service institutions in the country. Our clients also include several smaller, local depository institutions and lenders.

Comprehensive

Our practice encompasses trial and appellate court representation before federal and state courts throughout the Midwest, and involves all variants of remedial actions, mass actions, class actions, claims for injunctive and declaratory relief, as well as arbitrations and mediations.

In particular, we have extensive experience in the defense of lawsuits (including putative class actions and contested foreclosures) brought under federal, state and local consumer lending laws.

We also provide counseling and litigation support concerning regulatory actions and inquiries, consumer bankruptcies, debt collections, real estate tax and mechanics liens, employment-related disputes, loan repurchase and indemnification disputes, as well as disputes with title insurers and other settlement service providers.

Well-informed

We help our clients stay abreast of current developments and trends in the law in order to develop strategies to minimize their exposure to private litigation and regulatory enforcement actions.

We provide federal and limited multi-state consumer lending regulatory compliance advice, including assistance with licensing and reporting issues, evaluations and modifications of new or existing loan products and practices, servicing and debt collection practices, consumer bankruptcies, marketing practices and advertising campaigns, as well as proposed or existing arrangements with settlement service providers. We frequently assist our clients to obtain interpretive letters, to develop or improve litigation strategies in cases around the country, and to organize and coordinate national compliance projects and surveys.

In addition, we represent secured creditors in all facets of workouts and other bankruptcy litigation, including fraudulent conveyances, preference defense, forbearance agreements, adequate protection, cash collateral, and motions to lift automatic stay. We also represent lenders and assignees in the defense of adversary actions.