Derek Matthew Johnson's Legal Cases (3)

Chapter 7 bankruptcy

In re Tires N' Tracks, Inc., 498 B.R. 201 (Bankr. N.D. Ill. 2013)

Aug 27, 2013

OUTCOME: Mr. Peck's and Mr. Johnson's client obtained first priority over all other creditors for purposes of the distribution of the debtor's assets.

In a significant victory for their client, attorneys Reese J. Peck and Derek M. Johnson successfully argued to the Bankruptcy Court that the first secured lienholder lost its secured creditor status by ... dismissing its citation to discover assets in its state court proceedings against the debtor. As a result, the first secured lienholder became an unsecured creditor, and Mr. Peck's and Mr. Johnson's client (a subcontractor of the debtor and formerly the second secured lienholder) became the first secured lienholder.

Business

Salce v. Saracco, 409 Ill. App. 3d 977, 949 N.E.2d 284 (2d Dist. 2011)

Apr 05, 2011

OUTCOME: The Appellate Court affirmed the trial court's grant of Mr. Pointner's and Mr. Johnson's motion for judgment on the pleadings on behalf of their clients

Attorneys Scott E. Pointner and Derek M. Johnson successfully defended on appeal two shareholders against a lawsuit brought by a third shareholder demanding a capital call under the parties' shareholde ... r agreement for payment of outstanding loans.

Business

IRS Private Letter Ruling 201116002

Dec 29, 2010

OUTCOME: Mr. Worthen's and Mr. Johnson's client avoided having to pay a significant amount of corporate income taxes that would have been due if not for the IRS's grant of their private letter ruling request (http://www.irs.gov/pub/irs-wd/1116002.pdf)

Attorneys John S. Worthen and Derek M. Johnson obtained a private letter ruling from Internal Revenue Service granting relief for late election for qualified subchapter S trust under section 1362 of th ... e Internal Revenue Code.

Transform legal challenges into solutions.

Connect now to review your situation.

The Avvo Rating explained

The Avvo Rating explained