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

    07/27/2026

  • 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
Tax ID / EIN: 00-0000000
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
represented by
Ariane Holtschlag

Paulsen & Holtschlag LLC
1245 S Michigan #115
Chicago, IL 60605
773-645-0737
Email: aholtschlag@ph-firm.com

Jeffrey K. Paulsen

Paulsen & Holtschlag LLC
1245 S. Michigan, No. 115
Chicago, IL 60605
847-644-9385
Email: jpaulsen@ph-firm.com

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
07/27/202650Case Status Hearing Continued (RE: [1] Involuntary Petition (Chapter 7), [11] Order on Motion for Relief). Status hearing to be held on 8/31/2026 at 10:00 AM at Appear In Courtroom 642, 219 S. Dearborn St, Chicago, IL 60604 or Using Zoom- Judge Slade. (Castellano, Nancy)
07/27/202649Notice of Motion and Motion to Approve Sale Procedures Filed by Ariane Holtschlag on behalf of Ariane Holtschlag, trustee. Hearing scheduled for 8/31/2026 at 09:30 AM at Appear In Courtroom 642, 219 S. Dearborn St, Chicago, IL 60604 or Using Zoom- Judge Slade. (Attachments: # (1) Exhibit 1 # (2) Exhibit 2 # (3) Exhibit 3 # (4) Proposed Order) (Holtschlag, Ariane)
07/06/202648Order Granting Application to Employ Peter N Metrou and Metrou & Nemiroff, P.C. (Related Doc # [47]). Signed on 7/6/2026. (Hamilton, Annette)
06/23/202647Notice of Motion and Application to Employ Peter N. Metrou and Metrou & Nemiroff, P.C. as Special Counsel Filed by Ariane Holtschlag on behalf of Ariane Holtschlag, trustee. Hearing scheduled for 7/6/2026 at 09:30 AM at Appear In Courtroom 642, 219 S. Dearborn St, Chicago, IL 60604 or Using Zoom- Judge Slade. (Attachments: # (1) Exhibit 1 # (2) Proposed Order) (Holtschlag, Ariane)
06/22/202646Case Status Hearing Continued (RE: [1] Involuntary Petition (Chapter 7), [11] Order on Motion for Relief). Case Status hearing to be held on 7/27/2026 at 10:00 AM at Appear In Courtroom 642, 219 S. Dearborn St, Chicago, IL 60604 or Using Zoom- Judge Slade. (Castellano, Nancy)
05/11/202645(E)Case Status Hearing Continued (RE: [1] Involuntary Petition (Chapter 7)). Case Status hearing to be held on 06/22/2026 at 10:00 AM at Appear in Courtroom 642, 219 S. Dearborn St, Chicago, IL 60604, or Using Zoom - Judge Slade. (Utter, Matthew)
04/06/202644Order Granting Application to Employ Nick Metrou and the firm of Legacy Properties, A Sarah Leonard Company, LLC (Related Doc # 41). Signed on 4/6/2026. (Hamilton, Annette) (Entered: 04/07/2026)
04/06/202643Order Granting Application to Employ Jeffrey K. Paulsen and the law firm of Paulsen & Holtschlag, LLC for Ariane Holtschlag, trustee (Related Doc # 40). Signed on 4/6/2026. (Hamilton, Annette) (Entered: 04/07/2026)
03/25/202642Proposed Order - Granting Trustee's Application to Employ Nick Metrou and Legacy Properties as Realtor Effective March 11, 2026 Filed by Ariane Holtschlag on behalf of Ariane Holtschlag, trustee (RE: 41 Application to Employ). (Holtschlag, Ariane) (Entered: 03/25/2026)
03/25/202641Notice of Motion and Application to Employ Nick Metrou and Legacy Properties as Realtor Filed by Ariane Holtschlag on behalf of Ariane Holtschlag, trustee. Hearing scheduled for 4/6/2026 at 09:30 AM at Appear In Courtroom 642, 219 S. Dearborn St, Chicago, IL 60604 or Using Zoom- Judge Slade. (Attachments: # 1 Exhibit 1 # 2 Exhibit 2) (Holtschlag, Ariane) (Entered: 03/25/2026)