Louis Weltman v. Jacob Hakalir

UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION In re: ) Chapter 7 ) JACOB HAKALIR, ) No. 19 B 5093 ) Debtor. ) ______________________________________ ) ) LOUIS WELTMAN, ) ) Plaintiffs, ) ) v. ) No. 19 A 817 ) JACOB HAKALIR, ) ) Defendant. ) Judge Goldgar MEMORANDUM OPINION Jacob Hakalir ran Jordan Equity Group, and his brother, Evan, ran Andy and Evan Industries. In 2017, Hakalir asked Louis Weltman to lend him money so that Evan’s company could invest in a line of children’s clothing and Jordan could participate in a real estate venture. Hakalir assured Weltman…