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Michael Schumann is an Associate in the firm's Creditor's Rights & Bankruptcy practice. He brings over a decade of legal experience, specializing in complex real estate and commercial litigation. His expertise spans foreclosure litigation, title curative actions, and regulatory compliance. Mr. Schumann’s practice is rooted in a deep understanding of real estate law, representing developers, financial institutions, and corporations in both state and federal courts.

Representative Experience

  • Vacated a $50,000.00 judgment outside of 30 days.
  • Negotiated settlement in a demolition matter, in which the only surviving heirs were minors.
  • Created and implemented the foreclosure mediation process for a large loan servicer.

Publications & Presentations

  • Co-Author, "CFPB Withdraws 67 Guidance Documents", May 13, 2025
  • Prompt' Payment No Longer Necessary to Extinguish Pre-Foreclosure Sale Condo Assessments, Illinois State Bar Association, Section Newsletter Articles, May 2018
  • Timing is Key: “Prompt" Payment Needed to Extinguish Pre-Foreclosure Sale Condo Assessment, American Legal & Financial Network (ALFN), Angle, Fall 2017
  • Foreclosure Mediation Process Overview On-Site at PHH Mortgage
  • Foreclosure Intake/First-Legal Process Overview for Select Portfolio Servicing

Education

  • J.D., DePaul University College of Law, Chicago, Illinois, 2011
  • B.A. in Economics, University of Illinois, Urbana, Illinois, 2008

Bar & Court Admissions

  • Illinois, 2011
  • Wisconsin, 2023
  • U.S. District Court for the Northern District of Illinois, 2012
  • U.S. Bankruptcy Court for the Northern District of Illinois, 2012
  • U.S. District Court for the Central District of Illinois, 2023
  • U.S. Bankruptcy Court for the Central District of Illinois, 2023
  • U.S. District Court for the Southern District of Illinois, 2023
  • U.S. Bankruptcy Court for the Southern District of Illinois, 2023
  • U.S. Court of Appeals Seventh Circuit, 2023
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Financial Services

CFPB Withdraws 67 Guidance Documents

May 13, 2025

Financial Services

Wisconsin Introduces True Lender Legislation

January 22, 2026

Financial Services

Time Limit for Vacating Void Judgments?

January 21, 2026

Financial Services

The CARES Act: Flexibility for Lenders

March 26, 2020

Secured Lender

The CARES Act: Creditors' Rights & Bankruptcy

March 26, 2020

Real Estate

The CARES Act: Issues for Real Estate

March 26, 2020

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Michael Schumann is an Associate in the firm's Creditor's Rights & Bankruptcy practice. He brings over a decade of legal experience, specializing in complex real estate and commercial litigation. His expertise spans foreclosure litigation, title curative actions, and regulatory compliance. Mr. Schumann’s practice is rooted in a deep understanding of real estate law, representing developers, financial institutions, and corporations in both state and federal courts.

Representative Experience

  • Vacated a $50,000.00 judgment outside of 30 days.
  • Negotiated settlement in a demolition matter, in which the only surviving heirs were minors.
  • Created and implemented the foreclosure mediation process for a large loan servicer.

Publications & Presentations

  • Co-Author, "CFPB Withdraws 67 Guidance Documents", May 13, 2025
  • Prompt' Payment No Longer Necessary to Extinguish Pre-Foreclosure Sale Condo Assessments, Illinois State Bar Association, Section Newsletter Articles, May 2018
  • Timing is Key: “Prompt" Payment Needed to Extinguish Pre-Foreclosure Sale Condo Assessment, American Legal & Financial Network (ALFN), Angle, Fall 2017
  • Foreclosure Mediation Process Overview On-Site at PHH Mortgage
  • Foreclosure Intake/First-Legal Process Overview for Select Portfolio Servicing

Education

  • J.D., DePaul University College of Law, Chicago, Illinois, 2011
  • B.A. in Economics, University of Illinois, Urbana, Illinois, 2008

Bar & Court Admissions

  • Illinois, 2011
  • Wisconsin, 2023
  • U.S. District Court for the Northern District of Illinois, 2012
  • U.S. Bankruptcy Court for the Northern District of Illinois, 2012
  • U.S. District Court for the Central District of Illinois, 2023
  • U.S. Bankruptcy Court for the Central District of Illinois, 2023
  • U.S. District Court for the Southern District of Illinois, 2023
  • U.S. Bankruptcy Court for the Southern District of Illinois, 2023
  • U.S. Court of Appeals Seventh Circuit, 2023

Insights

Financial Services

CFPB Withdraws 67 Guidance Documents

May 13, 2025

Financial Services

Wisconsin Introduces True Lender Legislation

January 22, 2026

Financial Services

Time Limit for Vacating Void Judgments?

January 21, 2026

Financial Services

The CARES Act: Flexibility for Lenders

March 26, 2020

Secured Lender

The CARES Act: Creditors' Rights & Bankruptcy

March 26, 2020

Real Estate

The CARES Act: Issues for Real Estate

March 26, 2020

See LessSee All