Case number: 1:25-bk-11551 - QCD Financial, LLC - Illinois Northern Bankruptcy Court

Case Information
  • Case title

    QCD Financial, LLC

  • Court

    Illinois Northern (ilnbke)

  • Chapter

    7

  • Judge

    Michael B Slade

  • Filed

    07/29/2025

  • Last Filing

    02/27/2026

  • Asset

    Yes

  • Vol

    i

Docket Header
U.S. Bankruptcy Court
Northern District of Illinois (Eastern Division)
Bankruptcy Petition #: 25-11551

Assigned to: Honorable Judge Michael B Slade
Chapter 7
Involuntary
Asset


Date filed:  07/29/2025
341 meeting:  02/20/2026
Deadline for filing claims:  05/28/2026
Deadline for filing claims (govt.):  05/28/2026

Petitioning Creditor

City of Chicago, Illinois

Chicago City Hall
121 N. LaSalle St., Ste. 400
Chicago, IL 60602

represented by
Elizabeth Conard

121 N LaSalle St
Chicago, DC 60602
312-744-8362
Email: ELIZABETH.CONARD@CITYOFCHICAGO.ORG

David Paul Holtkamp

121 N. LaSalle
Ste. 400
Chicago, IL 60602
312-744-6967
Email: David.Holtkamp2@cityofchicago.org

Laura Lefkow-Hynes

The City of Chicago
121 N. LaSalle St.
Ste 400
Chicago, IL 60602
312-742-0812
Email: laura.lefkow-hynes@cityofchicago.org

Kristina Anne McClure

City of Chicago
121 N LaSalle St
Ste 400
Chicago, IL 60602
312-744-7623
Email: kristina.mcclure@cityofchicago.org

Alleged Debtor

QCD Financial, LLC

3 Grant Square, #212
Hinsdale, IL 60521
DU PAGE-IL

represented by
Saulius Modestas

Modestas Law Offices, P.C.
401 S. Frontage Road
Suite C
Burr Ridge, IL 60527
312-251-4460
Fax : 312-277-2586
Email: smodestas@modestaslaw.com

Trustee

Gus A Paloian

Seyfarth, Shaw, Et Al
233 S. Wacker Drive
Suite 8000
Chicago, IL 60606
(312) 460-5360
TERMINATED: 01/13/2026

 
 
Trustee

Ariane Holtschlag, trustee

1245 S Michigan #115
Chicago, IL 60605
773-645-0737

 
 
U.S. Trustee

Adam G. Brief

Office of the U. S. Trustee, Region 11
219 South Dearborn
Room 873
Chicago, IL 60604
312-886-5785
 
 

Latest Dockets

Date Filed#Docket Text
02/25/202637Notice Fixing Time For Filing . Proofs of Claims due by 5/28/2026. Government Proof of Claim due by 5/28/2026. (Molina, Nilsa) (Entered: 02/25/2026)
02/24/202636Initial Report of Assets - Trustee has found assets in this estate to be administered for the benefit of creditors, or believes there is a likelihood that such assets will be recovered within a reasonable period of time. The Trustee requests that notice be sent to creditors fixing time for filing claims. (Holtschlag, trustee, Ariane) (Entered: 02/24/2026)
02/23/202635Case Status Hearing Continued (RE: 1 Involuntary Petition (Chapter 7)). Case status hearing to be held on 3/23/2026 at 10:00 AM at Appear In Courtroom 642, 219 S. Dearborn St, Chicago, IL 60604 or Using Zoom- Judge Slade. (O'Neal, Michelle) (Entered: 02/23/2026)
02/23/202634Trustee Certification of Services Rendered Under 11 U.S.C. Section 330(e). I rendered the following service in the case and am eligible for payment under 11 U.S.C. Section 330(e): Conducted or filed a document required by rule or statute related to a meeting of creditors required by 11 U.S.C. Section 341. I declare under penalty of perjury that the foregoing is true and correct. (Executed on 2/23/2026) Filed by Trustee Gus A Paloian (RE: 29 Trustee's Notice of Continued Meeting of Creditors (via Trustee's 341 Filing)). (Paloian, Gus) (Entered: 02/23/2026)
01/26/202633(E)Case Status Hearing Continued (RE: 1 Involuntary Petition (Chapter 7)). Hearing continued on 02/23/2026 at 10:00 AM at Appear in Courtroom 642, 219 S. Dearborn St, Chicago, IL 60604, or Using Zoom - Judge Slade. (Utter, Matthew) (Entered: 01/26/2026)
01/20/202632Trustee's Notice of Continued Meeting of Creditors. 341(a) meeting to be held on 02/20/2026 at 03:00 PM via Zoom - Holtschlag: Meeting ID 666 403 2831, Passcode 7880310372, Phone 1-872-201-2009. (Holtschlag, trustee, Ariane) (Entered: 01/20/2026)
01/15/202631Appearance Filed by Kristina Anne McClure on behalf of City of Chicago, Illinois. (McClure, Kristina) (Entered: 01/15/2026)
01/13/202630Letter of Resignation and Appointment. Gus A Paloian resigned from the case and Trustee Ariane Holtschlag, trustee appointed to the case. Filed by U.S. Trustee Adam G. Brief, Trustee. (Brief, Adam) (Entered: 01/13/2026)
01/09/202629Trustee's Notice of Continued Meeting of Creditors. 341(a) meeting to be held on 1/22/2026 at 01:00 PM via Zoom - Paloian: Meeting ID 606 284 9180, Passcode 0161213137, Phone 1-872-201-2698. (Paloian, Gus) (Entered: 01/09/2026)
01/08/202628UST Report of Undisputed Election Filed by U.S. Trustee Adam G. Brief. (Brief, Adam) (Entered: 01/08/2026)