The Illinois Attorneys Settlement Statement, also known as the Judges Frazier Proud and Wilkerson Settlement Statement, is a legal document used in civil cases in the state of Illinois. It is typically filled out by attorneys representing both parties in a dispute and outlines the terms of a settlement agreement. The statement is used to inform the court of the details of the agreement, including the terms and conditions for all parties involved. It is important to note that the statement does not constitute a legally binding contract, but merely serves as evidence that a negotiated agreement has been reached. There are two main types of Illinois Attorneys Settlement Statements: the Formal Settlement Statement and the Informal Settlement Statement. The Formal Settlement Statement is used for cases that will appear before a court or judge, while the Informal Settlement Statement is used for cases that are settled without the involvement of the court. Both types of statements must include the names and addresses of the parties, a description of the issues in dispute, the terms of the agreement, and the signatures of the parties involved.