Bankruptcy Blog
Posted on Jun 14, 2013
Credit card debt is the worst. They are designed to keep you in debt for the better part of your life. If you carry a balance on your credit cards and are just making the minimum monthly payments, it ...
Continue reading "Pay Off Your Credit Card Debt in a Chapter 13 Bankruptcy and Save Thousands" »
Posted on Jun 13, 2013
There is a common misconception that income taxes cannot be discharged in a chapter 7 bankruptcy. Well, this is true regarding some income tax debt but not all. Income taxes may be discharged in ...
Continue reading "DISCHARGING INCOME TAXES IN A CHAPTER 7 BANKRUPTCY" »
Posted on Apr 11, 2013
Bankruptcy can be daunting, which is why it is so important to have a professional and informed attorney on your side. With the right lawyer there to assist you, chances are that you will not be ...
Continue reading "All About Your Bankruptcy Attorney in Chicago" »
Posted on Jan 30, 2013
Lawsuits cause a lot of stress. Ten of thousands of lawsuits are filed every week by creditors seeking to collect on all types of debts, including credit cards, medical bills and foreclosure ...
Continue reading "BANKRUPTCY STOPS LAWSUITS AND FORECLSOURES" »
Posted on Jan 24, 2013
Since the Great Recession, otherwise known as the Long Recession, and the global recession of 2009, which marked a worldwide economic decline that started in December of 2007, and took a sharp ...
Continue reading "Guarding Against Foreclosure & Repossession with an Emergency Chapter 13" »
Posted on Jan 23, 2013
When you file a bankruptcy case, it will be under chapter 7, 11, or 13 of the federal Bankruptcy Code. Each chapter has its own advantages and rules. Sometimes, your circumstances may change and ...
Continue reading "Converting Your Bankruptcy Case From One Bankruptcy Chapter To Another" »
Posted on Dec 14, 2012
On December 12, 2012 Fox 32 News and myFOXchicago.com released a news story regarding a longtime friend of First Lady Michelle Obama, Yvonne Davila who could be in a lot of trouble for not disclosing ...
Continue reading "Charlie Glanzer Featured in Fox 32 News and Sun Times" »
Posted on Jun 15, 2012
Social media platforms including Facebook, Twitter, Google+, LinkedIn and others have become the secret source for bill collectors, creditors and bankruptcy Trustees; a Chicago bankruptcy lawyer will ...
Continue reading "BEWARE: Social Media Posts Can Affect Bankruptcy" »
Posted on Jun 14, 2012
A Chicago bankruptcy attorney is your advocate when filing for bankruptcy, unlike the bankruptcy Trustee assigned to your case. A Trustee is assigned in both Chapter 7 and Chapter 13 bankruptcy cases ...
Continue reading "What Is A Bankruptcy Trustee?" »
Posted on Jun 13, 2012
If you are upside down on your home and struggling to make your mortgage payments, a home loan modification can save your home. Lenders are under increased political pressure to reduce interest, ...
Continue reading "Bad Lender Modification Processes Are Common" »
Posted on Jun 13, 2012
Every state in the United States has their own Statute of Limitations on debt; they vary widely and a Chicago bankruptcy attorney can help Illinois residents weed through the laws. Different types of ...
Continue reading "Illinois Residents Protected By Statute of Limitations On Debt" »
Posted on Jun 12, 2012
Fear is one of the most powerful of all human emotions, during a bankruptcy a Chicago bankruptcy attorney can help alleviate fears and protect your best interest. One of the leading causes of ...
Continue reading "The Fair Debt Collection Practices Act And Your Rights" »
Posted on Jun 11, 2012
One of the chief purposes of bankruptcy is to discharge debts that you can't afford to pay which can provide you with a fresh financial start. Because it is not always in the best interest of the ...
Continue reading "Can I Discharge My Traffic Ticket in Bankruptcy?" »
Posted on Jun 11, 2012
An Chicago bankruptcy attorney gives individuals a leg-up when it comes to handling burgeoning debt. Bankruptcy was created to give people a fresh start with their finances and allow them to recover ...
Continue reading "Bankruptcy Gives Illinois Residents Fresh Start" »
Posted on Jun 8, 2012
Times are tough for everyone, including debt collectors. In some cases debts collectors try to "revive" dead debts in order to make a quick buck. Fortunately there are laws that protect ...
Continue reading "Old Debts Cause New Headaches" »
Posted on Jun 8, 2012
Bankruptcy lawyers in Chicago can help families overwhelmed with debt, including healthcare costs, and can seek help from harassing creditors. With the current state of the economy, and the high ...
Continue reading "Rising Healthcare Costs Forcing Chicago Families To Bankruptcy" »
Posted on Jun 7, 2012
Chicago’s aging population sadly has something else to fret about; by age alone, they are part of the fastest growing population turning to bankruptcy as a solution for their mounting debt. ...
Continue reading "Senior Citizens Fastest Growing Population To File Bankruptcy" »
Posted on Jun 6, 2012
The most important part about filing for bankruptcy in Chicago is to think of it as a tool to financial freedom, not as a punishment for being unable to pay your debts. Far too many people put off the ...
Continue reading "Chicago Bankruptcy Tools" »
Posted on Jun 6, 2012
Last time we took a look at the some National Football League offensive players who filed for bankruptcy protection. This article lists the best defensive players who filed bankruptcy. Bankruptcy ...
Continue reading "All-Time NFL Bankruptcy Defensive Team" »
Posted on Jun 5, 2012
Before contacting a bankruptcy lawyer, Chicago residents in financial trouble should understand the different types of bankruptcy. There are three types of bankruptcy which can be filed for most ...
Continue reading "Before You Contact A Chicago Bankruptcy Attorney" »
Posted on Jun 4, 2012
It is important, when facing a possible bankruptcy that a debtor takes all of their assets into consideration. This is why it is always best to file a bankruptcy through a reputable bankruptcy ...
Continue reading "Bankruptcy and Community Property - The Legal Ramifications in Illinois" »
Posted on Jun 4, 2012
Bankruptcy is not just for the poor and down-trodden. Sometimes the rich find themselves upside-down, even with millions of dollars in the bank. Actors, politicians, and famous athletes have all filed ...
Continue reading "All-Time NFL Bankruptcy Offensive Team" »
Posted on Jun 1, 2012
The federal bankruptcy process is chock full of hidden mines that can blow your case right out of the water. Most of these problem areas can be avoided with careful planning and pre-bankruptcy ...
Continue reading "Biggest Mistake In Bankruptcy" »
Posted on Jun 1, 2012
If you think that filing for bankruptcy through a Chicago bankruptcy lawyer is a way to ‘get out’ of paying your debts, you need to think again. Bankruptcy is a legitimate means of helping ...
Continue reading "Is Bankruptcy A Financial Debt Solution?" »
Posted on May 31, 2012
The two most-asked questions of Chicago bankruptcy lawyers are, “What happens to my home?” and “What happens to my car when I file for bankruptcy in Illinois?” It’s a ...
Continue reading "What Happens To Your Car When You File For Bankruptcy?" »