Photo of Steven D. Mroczkowski

Steven Mroczkowski concentrates his practice on construction law, complex commercial and business litigation, and financial services litigation and is a member of the Firm’s Financial Services Litigation Group. Steve represents owners, contractors, developers, small and large businesses, and creditors and financial institutions in all manner of disputes, including breach of contract, lien and bond claim litigation, construction defects, complex commercial foreclosures, liquidations, and bankruptcy preference and fraudulent transfer suits. He has appeared before state and federal trial courts, bankruptcy courts, and appellate courts and also represents clients in mediation and arbitration proceedings. Steve provides zealous, yet effective and efficient representation for his clients. He also works with clients to prevent disputes through contract drafting and document review, and provides valuable general counsel advisory services to his industry clients.

This article was originally published on Law360

The COVID-19 pandemic has caused, and continues to cause, massive humanitarian and economic upheaval with no clear end in sight. Borrowers are already scrambling to increase liquidity from their banks. Some will continue to operate openly, honestly, and in the best interests of the company and its stakeholders. Others will not.

Notwithstanding that lenders and governments are attempting to mitigate the crisis’s effects,[1] loan defaults are anticipated to be increasing, and accordingly, so will loan enforcement lawsuits.

In lawsuits stemming from the COVID-19 crisis, where the default was caused by more than just a lack of money—fraud, mismanagement, neglect, waste, misconduct—litigants, and the courts, may increasingly turn to equity receivers to help protect collateral and manage struggling businesses.
Continue Reading Illinois Courts May Increasingly Embrace Equity Receiverships