SMS Financial CH, LLC v. Feurer

2025 IL App (1st) 250033
CourtAppellate Court of Illinois
DecidedNovember 4, 2025
Docket1-25-0033
StatusPublished

This text of 2025 IL App (1st) 250033 (SMS Financial CH, LLC v. Feurer) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
SMS Financial CH, LLC v. Feurer, 2025 IL App (1st) 250033 (Ill. Ct. App. 2025).

Opinion

2025 IL App (1st) 250033

SECOND DIVISION November 4, 2025

Nos. 1-25-0033, 1-25-0120, cons.

IN THE APPELLATE COURT OF ILLINOIS FIRST JUDICIAL DISTRICT

SMS FINANCIAL CH, LLC, as Assignee of BMO ) Appeal from the Circuit Court of Harris, N.A., f/k/a Harris N.A., as Assignee of the ) Cook County. Federal Deposit Insurance Corporation, as Receiver ) for Amcore Bank, ) ) Plaintiff-Appellee, ) ) v. ) No. 2010 L 50115 ) CHRISTOPHER FEURER, ) ) Defendant ) ) (Hudson Investment, LLC, Citation Respondent- ) Honorable James E. Hanlon, Jr., Appellant). ) Judge, presiding.

JUSTICE D.B. WALKER delivered the judgment of the court. Presiding Justice Van Tine and Justice Ellis concurred in the judgment and opinion.

OPINION

¶1 Plaintiff SMS Financial CH, LLC (SMS), filed a petition seeking an order directing citation

respondent-appellant Hudson Investment, LLC (Hudson), to turn over defendant Christopher

Feurer’s assets that had been transferred to Hudson. SMS moved for summary judgment on count

I, and Hudson filed a combined cross-motion for summary judgment on count I and an additional

summary judgment motion on count II. The trial court granted SMS’s motion and denied

Hudson’s. Hudson now appeals, contending first that the court erroneously found, pursuant to 1-25-0033, 1-25-0120 (cons.)

sections 12-801 and 12-803 of the Wage Deduction Statute 1 (735 ILCS 5/12-801 to 12-819 (West

2022)) and section 2-1402 of the Code of Civil Procedure (Code) (735 ILCS 5/2-1402 (West

2022)), 2 that Feurer’s wages that his employer paid to Hudson were no longer exempt. Hudson

further contends that the court erred in denying its motion for summary judgment on count II on

the basis that Feurer’s transfer of his wages to Hudson constituted a fraudulent transfer. For the

following reasons, we dismiss this appeal in part and affirm in part the judgment of the trial court.

¶2 BACKGROUND

¶3 The parties in this appeal are numerous, and the underlying facts are labyrinthine.

Fortunately, the question before us is somewhat straightforward: whether a judgment debtor’s

wages, once paid, are permanently exempt from a judgment creditor’s collection efforts. For the

following reasons, we hold that they are not.

¶4 The Parties

¶5 Defendant Christopher Feurer has been the chief executive officer of Jameson Realty

Companies, the Chicago affiliate of Sotheby’s International real estate brokerage group, since

2008. Feurer stated in a subsequent affidavit that “the Jameson companies” have had several

reorganizations over the history of this action and that “Jameson Real Estate Brokerage, LLC,” is

currently the main operating company and Feurer’s employer. 3 On January 30, 2002, Peerage US

Corporation acquired a majority interest in Jameson, and as a result, Feurer obtained an “indirect

one percent interest” in Jameson via a new holding company, Cohiba Holdings, LLC (Cohiba).

Feurer is the sole member of Cohiba.

1 For the sake of simplicity, we refer to the various statutory sections under article XII, part 8, of the Code of Civil Procedure (735 ILCS 5/12-801 to 12-819 (West 2022)) as the “Wage Deduction Statute.” 2 Hudson erroneously cites this statute as “735 ILCS 5/12-1202.” 3 For clarity, we refer to all Jameson entities as simply “Jameson.”

2 1-25-0033, 1-25-0120 (cons.)

¶6 Citation respondent Hudson is a limited liability company that is owned by Feurer’s wife,

Kristen S. Feurer (Kristen), and the Kristen S. Feurer Revocable Trust. Florida Financial Group,

LLC (FFG), was organized on December 7, 2010, and Lucky Lumper Recovery, LLC (Lucky

Lumper), was organized on July 25, 2019. Kristen’s stepfather, 4 Robert Silver (Silver), is the

manager and sole member of both FFG and Lucky Lumper.

¶7 The Amcore/SMS Judgment

¶8 On January 28, 2010, the trial court entered a judgment by confession in favor of Amcore

Bank, N.A. (Amcore), and against Feurer for $245,627.15, in connection with a loan default. On

March 4, 2010, Amcore served a citation to discover assets on Feurer.

¶9 On June 15, 2010, the trial court issued an order granting a motion to substitute Harris N.A.

(Harris), “as assignee of Amcore ***” as party plaintiff. Harris’ motion stated that the Federal

Deposit Insurance Corporation (FDIC) “took over” Amcore on April 23, 2010, and Harris

subsequently acquired the assets of Amcore, including the judgment against Feurer.

¶ 10 On August 4, 2011, BMO Harris Bank N.A. (BMO) filed a motion to correct its name from

Harris N.A. to BMO Harris Bank N.A., advising the trial court that this correction reflected a name

change effective July 6, 2011. The court granted the motion on August 10, 2011.

¶ 11 The FFG and Lucky Lumper Judgments

¶ 12 On August 12, 2011, FFG filed two breach-of-contract complaints in the circuit court of

Cook County. 5 Both complaints alleged breach of contract with respect to the nonpayment of

promissory notes. The first complaint (case No. 2011 L 008478) (the 8478 complaint) was against

4 Kristen admitted in a sworn pleading that Silver was her “stepfather.” We note, however, that FFG and Lucky Lumper both denied SMS’s allegation that Silver was Kristen’s “father.” 5 This court may take judicial notice of the public documents that are included in the records of other courts. See In re Linda B., 2017 IL 119392, ¶ 31 n.7; Empire Indemnity Insurance Co. v. Chicago Province of the Society of Jesus, 2013 IL App (1st) 112346, ¶ 20 n.4; Ill. R. Evid. 201 (eff. Jan. 1, 2011); R. 803(8) (eff. Jan. 25, 2023).

3 1-25-0033, 1-25-0120 (cons.)

Feurer alone and the second complaint (case No. 2011 L 008479) (the 8479 complaint) was against

Feurer and Kristen. The 8478 complaint alleged that on August 21, 2009, Feurer executed a $3.4

million promissory note with Downers Grove National Bank (the Bank) but failed to make any

payments. The terms of the note, which FFG attached as an exhibit to its complaint, indicated that

the interest rate on the one-year note would be the Bank’s prime rate plus 1% (i.e., 4.25%) 6 but

the default rate would be 9.25%. According to FFG, the total balance of principal and interest due

was $3,572,183.53, as of July 31, 2011. On December 28, 2010, FFG agreed to pay the Bank

$75,000 in exchange for “all rights that [the Bank] had under the Note, and all related loan

documents related thereto.” Silver’s affidavit, which was also attached to FFG’s complaint, stated

that the interest charged on the note from December 31, 2010, through July 31, 2011, was only at

a “simple interest rate of 6%” and not the note’s default rate of 9.25%. On October 11, 2011, the

trial court entered a judgment of $3,572,183.53 in favor of FFG and against Feurer.

¶ 13 With respect to the 8479 complaint, FFG alleged that Feurer and Kristen executed a

$500,000 promissory note with “The PrivateBank and Trust Company” (PrivateBank) on

September 10, 2007. This note was then renewed on September 10, 2008. The terms of this one-

year note, which FFG also attached as an exhibit to the complaint, indicated that the interest rate

would initially be 6% but the default rate would be 12%. According to FFG, the total balance of

principal and interest due was $518,246.58, as of July 31, 2011. On December 28, 2010, FFG

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2025 IL App (1st) 250033, Counsel Stack Legal Research, https://law.counselstack.com/opinion/sms-financial-ch-llc-v-feurer-illappct-2025.