Illinois House Bill 28, known as the Illinois Receivership Act, has made significant progress in the 104th General Assembly. The bill aims to establish a legal framework allowing courts to appoint receivers—individuals or entities tasked with managing and disposing of property under court supervision. This includes real property, business assets, and related personal property. The Act outlines the powers and duties of receivers, criteria for their appointment, and the rights of property owners. Notably, it excludes certain properties, such as those improved by one to six dwelling units, unless specific conditions are met.

The bill was introduced on December 5, 2024, and underwent several amendments in early 2025. On April 8, 2025, the Illinois House passed the bill with unanimous support (116-0). Subsequently, the Illinois Senate received the bill on April 9, 2025, and referred it to the Assignments Committee. On May 1, 2025, the Senate Judiciary Committee approved the bill with a 7-0 vote, and it was placed on the Senate Calendar for a third reading scheduled for May 13, 2025.

Sponsors:

• Rep. Jawaharial Williams [D]
• Rep. Daniel Didech [D]
• Rep. Rick Ryan [D]
• Rep. Harry Benton [D]
• Rep. Camille Lilly [D]
• Sen. Robert Martwick [D]

History:

• 05-08-2025 Senate Placed on Calendar Order of 3rd Reading May 13, 2025
• 05-08-2025 Senate Second Reading
• 05-01-2025 Senate Placed on Calendar Order of 2nd Reading May 6, 2025
• 05-01-2025 Senate Do Pass Judiciary; 007-000-000
• 04-23-2025 Senate Assigned to Judiciary
• 04-10-2025 Senate Referred to Assignments
• 04-10-2025 Senate First Reading
• 04-10-2025 Senate Chief Senate Sponsor Sen. Robert F. Martwick
• 04-09-2025 Senate Placed on Calendar Order of First Reading April 10, 2025
• 04-09-2025 Senate Arrive in Senate
• 04-08-2025 House Added Co-Sponsor Rep. Camille Y. Lilly
• 04-08-2025 House Added Chief Co-Sponsor Rep. Harry Benton
• 04-08-2025 House Added Chief Co-Sponsor Rep. Rick Ryan
• 04-08-2025 House Third Reading – Short Debate – Passed 116-000-000
• 04-04-2025 House Added Chief Co-Sponsor Rep. Daniel Didech
• 04-04-2025 House Chief Sponsor Changed to Rep. Jawaharial Williams
• 03-18-2025 House Placed on Calendar Order of 3rd Reading – Short Debate
• 03-18-2025 House House Floor Amendment No. 2 Adopted
• 03-18-2025 House House Floor Amendment No. 1 Adopted
• 03-18-2025 House Second Reading – Short Debate
• 03-05-2025 House House Floor Amendment No. 2 Recommends Be Adopted Judiciary – Civil Committee; 017-000-000
• 03-04-2025 House House Floor Amendment No. 2 Rules Refers to Judiciary – Civil Committee
• 02-27-2025 House House Floor Amendment No. 2 Referred to Rules Committee
• 02-27-2025 House House Floor Amendment No. 2 Filed with Clerk by Rep. Daniel Didech
• 02-26-2025 House House Floor Amendment No. 1 Recommends Be Adopted Judiciary – Civil Committee; 018-000-000
• 02-25-2025 House House Floor Amendment No. 1 Rules Refers to Judiciary – Civil Committee
• 02-20-2025 House House Floor Amendment No. 1 Referred to Rules Committee
• 02-20-2025 House House Floor Amendment No. 1 Filed with Clerk by Rep. Daniel Didech
• 02-19-2025 House Placed on Calendar 2nd Reading – Short Debate
• 02-19-2025 House Do Pass / Short Debate Judiciary – Civil Committee; 018-001-000
• 02-04-2025 House Assigned to Judiciary – Civil Committee
• 01-09-2025 House Referred to Rules Committee2025-01-09 House First Reading
• 12-05-2024 House Pre-filed with Clerk by Rep. Daniel Didech

If the Senate passes the bill, it will proceed to the Governor for final approval. Given the bipartisan support and the bill’s current trajectory, it is expected to become law in the near future.

Why Appoint Illinois Receiver as Your Court-Appointed Receiver

In the evolving landscape of Illinois receivership law, particularly with the anticipated enactment of the Illinois Receivership Act (HB0028), selecting a seasoned and reliable receiver is paramount. The office of Illinois Receiver, led by Arthur R. van der Vant, stands out as a premier choice for court-appointed receiverships across Cook, DuPage, Lake, Kane, Kendall, McHenry, and Will Counties.

Why Choose Illinois Receiver?

• Extensive Expertise: With over 37 years in real estate and property management, Arthur R. van der Vantbrings a wealth of experience, including certifications like CCIM, CAI, AARE, and PRI.
• Proven Track Record: Endorsed by professionals from the FDIC, MB Financial Bank, and Freedom Title, Illinois Receiver has consistently demonstrated excellence in managing complex receivership cases.
• Comprehensive Services: Beyond asset management, Illinois Receiver offers services in sales, property maintenance, and tenant management, ensuring holistic solutions for all receivership needs.
• Swift Action: Capable of mobilizing within 24 hours, Illinois Receiver ensures timely intervention to protect and preserve asset value.
• Transparent and Reasonable Fees: Billed in 1/10 hour increments, the fees are designed to be cost-effective, ensuring value without compromising on quality.

Aligning with the Illinois Receivership Act

The Illinois Receivership Act introduces standardized procedures, due process protections, and clear guidelines for receivers. Appointing Illinois Receiver ensures adherence to these provisions, fostering trust and efficiency in the receivership process. For a receiver who combines legal acumen, operational efficiency, and a client-centric approach, Illinois Receiver is the optimal choice. Entrust your receivership cases to Illinois Receiver to experience professionalism and results that align with the highest standards of the Illinois Receivership Act.

For more information or to initiate a receivership appointment, visit IllinoisReceiver.comor contact (312) 607-4646.

By: Arthur R. van der Vant