Navigating Financial Challenges With Experience And Compassion

Richard G. Larsen

Richard G. Larsen

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Practice Areas:

  • Bankruptcy 90%
  • Commercial Litigation 10%

Biography

Professional Experience

Richard Larsen concentrates on all aspects of bankruptcy law and commercial litigation. He is a recognized and experienced practitioner representing the interests of individuals, financial institutions, businesses, debtors and creditors in Chapters 7, 11, 12 & 13 of the Bankruptcy Code. He also represents clients in non-bankruptcy workouts, collections, liquidations and other business disputes. For thirty-six years he has represented Chapter 7 Panel Trustees in contested bankruptcy litigation, including numerous trials in the bankruptcy court. Mr. Larsen successfully defended a business client in a bankruptcy appeal in the 7th Circuit Court of Appeals in Chicago. Geographically, Mr. Larsen’s practice includes all the courts in Northern Illinois, namely, DeKalb, Kane, McHenry, DuPage, Will, Kendall, LaSalle, Ogle, Lee, Winnebago, Cook and Boone. He has spent his career “riding the circuit” having appeared in virtually every Bankruptcy and State Court in Northern Illinois on a regular basis. Mr. Larsen is married and has three adult children. He enjoys golf and is an avid runner and participates in many local half-marathons and other races. Mr. Larsen completed his first full marathon (26.2 miles) in the Fox Valley Marathon September 22, 2019.

Articles and Publications

Mr. Larsen is a contributing author to the 2022 IICLE Business Bankruptcy Handbook and a winner of the 1990 Illinois State Bar Association Lincoln Award in legal writing.

Recent News

Attorney Larsen recently represented a local bank in an appeal before the 2nd District Court where his client was affirmed regarding a priority dispute between Mr. Larsen's client, a mortgage lender, and another lending institution claiming a citation lien. (BMO Harris vs. Contarino, et.al., 2017 Ill. App (2d) 160371 (2nd District 2017).​

Attorney Larsen has also recently confirmed the Chapter 11 cases of R-BOC Representatives, Inc. Case #17-28555 before the Northern District of Illinois. Attorney Larsen represented the debtor in R-BOC Representatives, Inc. case ​

Mr. Larsen confirmed a complex and contested individual Ch 11 case in Rockford (Bankr. N.D. IL. Western Div.) IN RE Philip Hellyer 16-82465 on April 18, 2018.​

Mr. Larsen also continues to volunteer at the Bankruptcy Help Desk for the Northern District of Illinois and serves on the panel of volunteer lawyers.​​

Education

  • Northern Illinois University College of Law, DeKalb, Illinois
    • J.D. - 1986
    • Honors: magna cum laude
  • Aurora University, Aurora, Illinois
    • B.A. - 1982
    • Honors: magna cum laude
    • Major: Political Science

Bar Admission

  • Illinois, 1986
  • U.S. District Court Northern District of Illinois, 1986
  • U.S. District Court Central District of Illinois, 2012
  • U.S. Court of Appeals 7th Circuit, 1997

Representative Cases

  • Olsen v Floit, 219 F. 3d 655 (2000) (7th Circuit Court of Appeals)
  • Berland v Mussa, 215 B.R. 158 (1997)
  • In Re: Donna J. Neely, 608 B.R. 806 (Bancr. N.D. Ill. 2019) (United States Bankruptcy Court N.D. Ill. 1997)

Classes & Seminars

  • Defense of Preference Cases, DuPage County Bar, 2021
  • Common Issues in Corporate Bankruptcy, Kane County Bar, 2022

Past Positions

  • Myler Ruddy & McTavish, Partner, 1986 to 2012
  • Klien, Stoddard Buck & Lewis, Associate, 2013 to 2013

Pro-Bono Activities

  • Volunteer Bankruptcy Court Help Desk, 2015

Published Works

  • Business Bankruptcy-Special Problems Dealing with the Farm Debtor (Ch 16), IICLE, Ch 16 of Business Bankruptcy Handbook dealing with Farm (ch 12) Bankruptcy., 2022

Professional Associations

  • Kane County Bar Association, 1986 - Present
  • DuPage County Bar Association, 2013 - Present
  • DuPage County Bar Bankruptcy Committee, Vice Chair, 2020 - 2021
  • DuPage County Bar Bankruptcy Committee, Chair, 2021 - Present

Current Employment Positions

  • Partner

Languages

  • English