About Teller Levit & Silvertrust
Our goal is to provide you with quality service today!
Teller, Levit and Silvertrust, P.C. (founded in 1920 by Caroll Teller, Louis Levit and Leon Silvertrust) has specialized in the practice of commercial law since its inception. From its headquarters in the heart of Chicago, TL&S serves commercial creditors throughout the United States and internationally.
The client roster reflects a wide spectrum of businesses including: publicly held corporations, insurance companies, financial institutions, leasing companies, shopping center owners, manufacturers, distributors and wholesalers, closely held companies, law firms, accounting firms and commercial collection agencies.
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Services We Offer
Teller, Levit & Silvertrust, P.C. has specialized in the practice of creditors' rights law since its inception in 1920. TL&S provides a broad range of legal services. The firm has extensive experience in each of the following practice areas:
Creditors' Rights & Commercial Litigation
We have extensive experience in the pursuit of effective remedies to assist all types of creditors in obtaining collection of their just debts. We can prosecute breach of contract claims arising out of many types of business transactions such as:
Uniform Commercial Code
The UCC laws affect most types of businesses (financial institutions, lenders, mortgage companies, finance companies, retailers, wholesalers, distributors, suppliers, shipping companies, and others purchasing or selling goods and services). TL&S is well equipped to handle all UCC issues that arise, including the following: Transactions involving the sale of goods or services, Leases, Commercial Paper (NSF checks and promissory notes), Bank Deposits and Collections, Funds Transfers, Letters of Credit, Bulk Transfers, Warehouse Receipts, Bills of Lading, Documents of Title, Investment Securities and Secured Transactions.
Complex Contract Litigation
TL&S is available to handle complex commercial lawsuits in both the State and Federal Courts of Illinois in cases such as breach of contract, fraud, statutory causes of action and injunctions. The key to our outlook is being responsive to clients' needs; whether taking an aggressive approach at trial or exploring amicable settlements.
Insurance Premium & Audits
We collect outstanding insurance premium receivables on commercial liability, workers' compensation or other policies, for collection of premiums due, audit claims, short rate claims, and any other premium due claims.
Interstate Freight Collections
We collect outstanding claims for carriage of freight, including claims involving the Interstate Commerce Commission rules and tariffs, as well as transport of goods under Bills of Lading.
Construction & Mechanic Lien Litigation
We represent creditors in construction-related claims, from collection of receivables to notification, filing and enforcement of liens and State or Federal bond claims.
Collection of Professional Fees (CPA's & Attorney's)
As attorneys, we understand the sensitivity required to collect on past due professional fees. We have experience in resolving these matters in ways that will not jeopardize our clients' standing as professionals in their own areas of expertise. Very often, it is more economical to outsource this process to TL&S and let our professional clients focus on their core business.
Landlord & Tenant Law
We can commence actions to evict a tenant who has breached a rental agreement by failing to make timely payments or for any other breach of the agreement. We can obtain possession of the property for the creditor and collect any money owed under the rental agreement, as well as any damages.
We pursue the remedies available to a creditor with a lien or right of possession to personal property through the means provided under the UCC and state law - including repossession and replevin actions. We can commence foreclosure action on real estate owned by the debtor to sell the realty, purchase at foreclosure and/or protect any deficiency balance, place and enforce judgment liens, or take action to protect the creditor's interest where the foreclosure is initiated by another party on real estate on which the creditor has a lien.
If the disputed issue cannot be amicably resolved, our representation moves forward through pre-trial, trial and appellate proceedings. Our experience, expertise and history have prepared us well to handle any case for trial or arbitration. When appropriate, we work to resolve the matter by settlement on a cost-effective basis for our clients.
Post Judgment Collections
Very often, obtaining a judgment is not as complicated as turning that piece of paper into funds. At TL&S, we are experienced in obtaining and collecting on judgments, and know the steps to go beyond a ruling to finding assets and collecting them on behalf of our clients.
Bankruptcy Litigation & Representation of Trustees
We represent creditors in bankruptcy matters, including filing proofs of claim, debtors' exams, defending actions to void judgments or other liens, and defending claims or actions alleging preferential payments or transfers.
Student Loan Retail Collections
We pursue claims for creditors against individual consumers for debts incurred for family or household purposes, as governed by the Fair Debt Collection Practices Act for retail student loans.
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