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Blog Posts in December, 2011

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Chicago Bankruptcy Attorney Explains Bankruptcy and Child Support

Your Chicago bankruptcy attorney will explain that individuals who are paying child support and dealing with other financial burdens may be considering filing bankruptcy as a solution to their ...
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Chicago Bankruptcy Attorney and Bankruptcy Among Military Members

A Chicago bankruptcy attorney can explain that military members in the United States get some special protections from the government if they're facing bankruptcy. The Servicemembers' Civil ...
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Fresh Start on a New Year

The first few months of the year are a busy time for bankruptcy attorneys. There are two reasons for this: first. First, it is the start of a new year and a good time for a change. The holiday season ...
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Chicago Bankruptcy Attorney and Discharge in Bankruptcy

A bankruptcy discharge releases the debtor from some or all of their debts. This means that they are not required to pay the debts that were discharged and the people that they owe are no longer able ...
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A New Credit Reporting Agency Is Watching You

Most Americans are familiar with the three major credit reporting agencies: Experian, Equifax, and TransUnion. Each credit bureau assembles consumer credit transactions into a credit report and ...
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Chicago Bankruptcy Attorney and Different Types of Bankruptcy

Chicago bankruptcy attorney will explain bankruptcy comes in many shapes and sizes and there are different chapters for different situations. While Chapter 7 and Chapter 13 are the most common forms ...
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How To Buy A Home After Bankruptcy

There are many myths surrounding bankruptcy. Fortunately, these myths can be quickly dispelled during a free consultation with an experienced bankruptcy attorney. One of the most serious myths is that ...
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Chicago Bankruptcy Attorney: Basic Overview of Bankruptcy

Your Chicago bankruptcy attorney will explain that when Congress enacted the federal bankruptcy laws one of their main goals was to give Americans struggling with debt a fresh start. It's designed ...
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Chicago Bankruptcy Attorney and The Clawback Provision in a Chapter 7 Bankruptcy

Your Chicago bankruptcy attorney knows that some people that file a Chapter 7 bankruptcy realize that their assets may be seized to pay some of their creditors. So, you what to do what you can to ...
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Debt Settlement and Your Taxes

Debt settlement ads are very attractive to individuals struggling with debt. The promise is to reach an agreement you can afford to pay. The debtor agrees to pay a percentage of the debt (usually in a ...
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Chicago Bankruptcy Attorney Helps You Prepare for a Bankruptcy

The first step in preparing for a bankruptcy is contacting a Chicago bankruptcy attorney. Before you thought about filing for bankruptcy you probably spent a lot of time thinking about it, preparing ...
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Chicago Bankruptcy Attorney Explains Credit Card Charges and Bankruptcy

Consult a Chicago bankruptcy attorney about credit card charges and how they're handled in a bankruptcy case. Get the real scoop before you file for bankruptcy. Should you pay on your credit cards ...
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Chicago Bankruptcy Attorney and the Causes of Bankruptcy

Any Chicago bankruptcy attorney knows that there are a variety of reasons that people file for bankruptcy but there are a few reasons that keep cropping up. If you're thinking about filing for ...
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Chicago Bankruptcy Attorney and Bankruptcy and Your Home

If you're worried about your debt level and losing your home you should contact a Chicago bankruptcy attorney. With unemployment and foreclosure rates so high across the United States it's not ...
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Chicago Bankruptcy Attorney and Wildcard Exemptions

When you file for bankruptcy your Chicago bankruptcy attorney will explain exemptions to you and will introduce you to the wildcard exemption. In federal bankruptcy exemptions and in many state ...
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Saving a Credit Card for a Rainy Day?

From time to time a Chapter 7 client will ask me, "Can I keep a credit card with a zero balance?" The answer is, "Yes. . .but." Be honest: As a bankruptcy debtor you are required ...
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Chicago Bankruptcy Attorney and Chapter 13 Bankruptcy Steps

A Chicago bankruptcy attorney can explain to you that filing a bankruptcy is not something to take lightly. Each case is different and your attorney will go over your case in detail, but the following ...
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Chicago Bankruptcy Attorney and Chapter 7 Bankruptcy Steps

A Chicago bankruptcy attorney can explainthat filing a bankruptcy is an opportunity to begin your financial life anew. Chicago Bankruptcy Lawyer, What a Bankruptcy Does Most bankruptcies will wipe out ...
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Chicago Bankruptcy Attorney and Bankruptcy Exemptions

Your Chicago bankruptcy attorney will help you navigate through your bankruptcy exemptions whether you file a Chapter 7 or a Chapter 13 bankruptcy. Exemptions are very important to the proceedings. It ...
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Lifting the Automatic Stay

The bankruptcy automatic stay is an enormously broad and powerful piece of legal protection. The stay is a temporary injunction that prohibits creditors from proceeding with collection actions against ...
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Chicago Bankruptcy Attorney and Bankruptcy Basics

Contact a Chicago bankruptcy attorney if you find that you're falling deeper and deeper into debt and cannot seem to make ends meet no matter what you do. Bankruptcy may be an option for you, but ...
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Lien Stripping and Cram-Down in Chapter 13 Bankruptcy

When an individual chooses to file a Chapter 13 bankruptcy, debts are repaid over three to five years. The debtor pays unsecured creditors (e.g. medical bills, credit cards, etc.) whatever he or she ...
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Winning the Lottery May Not Help

Who hasn't fantasized about winning the lottery when you are cash strapped? It seems that winning the lottery would solve all of your financial problems. Not so fast. A March 2010 study by ...
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Three Bad Bankruptcy Mistakes Before Filing Bankruptcy

The bankruptcy laws are confusing and complicated. Fortunately Congress and the US Supreme Court have given us a guidepost by stating that the bankruptcy laws exist to help debtors who are poor and ...
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Nuns in Bankruptcy Court

What an unusual headline: "More Nuns in Bankruptcy Court." That was the news story on Senior Housing News, a website that reports on the senior housing industry. This story, which was also ...
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