Chicago bankruptcy lawyer

Attorney Convicted: Concealing Brother’s Bankruptcy Assets In Trust Account

Jan R. Kowalski, a 59-year-old suspended Chicago bankruptcy lawyer from LaGrange, Illinois, was sentenced to 37 months in prison for aiding her brother, Robert M. Kowalski, in hiding over $357,000 from creditors during bankruptcy proceedings. Kowalski’s sentencing follows her guilty plea in 2018, during which she admitted to fabricating documents and making false statements to the federal bankruptcy court to conceal the money.

The case also involved Robert Kowalski, who was convicted earlier this year for multiple offenses, including bankruptcy fraud, embezzlement, and conspiracy. His criminal activities were linked to the former president of the Washington Federal Bank for Savings, who conspired with him to obtain collateral-free loans and conceal assets. The bank, which collapsed in 2017 due to insolvency and a substantial number of nonperforming loans, saw its president, John Gembara, die by apparent suicide.

A third sibling, William Kowalski, entered a deferred prosecution agreement and is cooperating with authorities. He admits that he and Robert embezzled approximately $190,000 to purchase a boat named after a spell from the Harry Potter series.

Jan Kowalski sought probation on the grounds of her caregiving responsibilities for her elderly mother and her 30-year-old son with special needs, for whom she has guardianship. Despite her plea, U.S. District Judge Virginia Kendall emphasized that Kowalski’s criminal activities occurred when her family needed her support, leading to her imprisonment and an order to pay $357,492 in restitution. The sentencing underscores the severe consequences of her actions and the broader legal implications for her family.

A Cautionary Tale For People Filing Bankruptcy

If you’re facing bankruptcy and are tempted to hide assets, the legal team from Therman Law Offices, LTD, has one word of advice: DON’T.

We hold ourselves to the highest ethical standards and can help you preserve as many of your assets as possible when filing for bankruptcy while still carefully following Illinois bankruptcy laws.

Professional Bankruptcy Advice From A Chicago Bankruptcy Lawyer

A Chicago bankruptcy lawyer typically assists individuals and businesses in navigating the complexities of bankruptcy law. They provide legal advice on whether to file for bankruptcy and which type of bankruptcy to pursue, such as Chapter 7 (liquidation), Chapter 13 (reorganization for individuals), or Chapter 11 (reorganization for businesses). They help clients prepare and file the necessary paperwork, represent them at bankruptcy hearings, and negotiate with creditors to develop repayment plans or settle debts.

Bankruptcy lawyers also offer guidance on protecting assets, understanding the impacts of bankruptcy on credit, and ensuring compliance with federal and state bankruptcy laws. They often deal with issues like discharging debts, stopping foreclosure, preventing wage garnishment, and handling lawsuits from creditors. Additionally, they may provide services related to debt counseling and financial restructuring to help clients regain financial stability.

Professional Advice For Filing Bankruptcy In Chicago

Given the emotional and financial stress associated with bankruptcy, a Chicago bankruptcy lawyer is crucial in offering legal insight, support, and reassurance throughout the process. At Therman Law Offices, LTD, our goal is to help people like you achieve a fresh financial start while complying with all legal requirements and maximizing the benefits of bankruptcy protection.

We have over 35 years of combined experience, and we can develop a bankruptcy strategy that considers your specific needs and circumstances – and fully complies with Illinois laws. Call us today for a consultation.

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