Attorney Bill Wallo participated in a professional ethics panel at the American Bankruptcy Institute’s 23rd Annual Central States Bankruptcy Workshop

Attorney Bill Wallo participated in a professional ethics panel at the American Bankruptcy Institute’s 23rd Annual Central States Bankruptcy Workshop on June 16-19, 2016. The workshop was geared toward identifying the latest trends and strategies for both commercial and consumer bankruptcy cases on a broad variety of topics, and presenters included judges, bankruptcy attorneys, and expert consultants.  Attendees included lawyers, financial service professionals, accountants, and turnaround consultants.

The panel presentation was entitled “Professional Responsibility of Counsel in Consumer Cases: It Isn’t Just Filing Out Forms.” The moderator of the panel was the Hon. Donald R. Cassling, U.S. Bankruptcy Judge for the Northern District of Illinois, and the other panelists were Dean R. Nelson. Jr., an attorney from the Taunt Law Firm in Birmingham, Michigan, and Adam Brief, an Assistant U.S. Trustee from the Northern District of Illinois.

The presentation addressed the efficient, effective, and ethical aspects of bankruptcy practice, including the crucial aspects of petition preparation such as investigation of a debtor’s financial affairs, the appropriate use of staff, avoiding misuse of the electronic case filing system, and the consequences (and penalties) for failing to discharge these responsibilities in a competent manner.

Bill is a shareholder and member of Weld Riley’s business and litigation sections. He represents individuals, business owners, companies, and lenders in a variety of transactional matters, commercial litigation, and bankruptcy, insolvency, and financial restructuring. He previously served as the career law clerk to a bankruptcy judge, is a member of the board of directors of the Wisconsin State Bar’s Bankruptcy, Insolvency & Creditor Rights Section, and is a frequent speaker on bankruptcy and commercial issues.