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Creditor alleges fraudulent transfers

MADISON - ST. CLAIR RECORD

Friday, November 22, 2024

Creditor alleges fraudulent transfers

Law money 09

EDWARDSVILLE — A creditor is suing several business controllers for allegedly unlawfully transferring assets and interests and failing to make payments.

John R. Toman filed a complaint on Dec. 21, in the Madison County Circuit Court against Michael Solomon, Cheryl Solomon, Phillip Solomon, and Zone Group LLC, alleging they violated the Illinois Uniform Fraudulent Transfer Act.

According to the complaint, the plaintiff alleges that in 2016, as a result of defendants unlawful acts, plaintiff has been damaged in the amount of $573,763.10, plus interest.

Toman alleges the defendants unlawfully transferred assets and interests with no considerations and failed to pay creditors when payments became due.

The plaintiff requests a trial by jury and seeks damages amounting to $573,763.10, plus interest, court costs and such other just and equitable relief.

He is represented by Phillip H. Hamilton of Farrell, Hamilton & Julian PC in Godfrey.

Madison County Circuit Court case number 16-L-1733

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