On December 8, 2008, Judge Jack B. Schmetterer of the United States Bankruptcy Court for the Northern District of Illinois entered an order granting the involuntary bankruptcy petition filed by Lakeshore Law Group on behalf of creditors of Sunrise Equities, Inc. after representatives of Sunrise repeatedly failed to appear in court or challenge the petition.

This morning’s order opens the door for the United States Trustee to take possession of Sunrise Equities’ assets and track down any funds that may have been improperly transferred to other entities, in order to compensate the creditors, including Lakeshore Law Group’s clients in this case.

Lakeshore Law Group will work in cooperation with the Trustee’s office to ensure that all available information and assets are pursued, and will provide ongoing updates on our website.

Lakeshore Law Group LLP will stop taking client forms for the Involuntary bankruptcy against Sunrise Equities, Inc. and Salman Ibrahim individually on December 31, 2008. Due to the large number of clients that have already signed up, and the time it will take to process proof of claim forms for our clients within the time that will be set by the court, we have established a cut-off date of December 31, 2008.

Please contact us using the Contact Us link if you have any questions regarding this deadline or other related Sunrise case information.