Blog Posts in September, 2011
Posted on Sep 30, 2011 By Charles Glanzer
Every time you use your debit card to pay for purchases, the merchant must pay a "swipe fee" to the card issuing bank. The old formula averaged about 1.14 percent of the purchase price, and ...
Continue reading "The Banking Empire Strikes Back - Chicago Bankruptcy Lawyer" »
Posted on Sep 28, 2011 By Charles Glanzer
In "the old days" (before 2005) a bankruptcy debtor with a mortgage problem could file a Chapter 7 bankruptcy and discharge all of his unsecured debts, then immediately turn around and file ...
Continue reading "Chapter 20 Bankruptcy Makes Its Return - Chicago Bankruptcy Attorney" »
Posted on Sep 26, 2011 By Charles Glanzer
Attorneys have many obligations to their clients. Chiefly, an attorney is expected to represent a client honestly, zealously, and independently. Conflicts do not occur very often for attorneys who ...
Continue reading "Clients Must Pay Chapter 7 Attorney Fees Up Front - Chicago Bankruptcy Lawyer" »
Posted on Sep 23, 2011 By Charles Glanzer
One of the most beneficial provisions of the federal Bankruptcy Code is the automatic stay which stops all creditor action once a Chapter 7 or Chapter 13 bankruptcy is filed. Creditors can no longer ...
Continue reading "Bankruptcy Stops Wage Garnishments Cold - Chicago Bankruptcy Attorney" »
Posted on Sep 21, 2011 By Charles Glanzer
When Does My Bankruptcy Case End? "When does my bankruptcy case end?" may sound like a simple question, but the answer can be very confusing. There are several different milestones that ...
Continue reading "When Does My Bankruptcy Case End?" »
Posted on Sep 19, 2011 By Charles Glanzer
The Wall Street Journal reports that 15,000 individuals took advantage of a recent Internal Revenue program offering limited amnesty for taxpayers with undeclared offshore accounts. The deadline for ...
Continue reading "IRS Tax Amnesty Programs Collects Billions" »
Posted on Sep 15, 2011 By Charles Glanzer
Many people believe that bankruptcy is only for those low income families with no assets and no income. That is simply not the case. The recession that has plagued our country has impacted all ...
Continue reading "More College Graduates Are Filing Bankruptcy" »
Posted on Sep 13, 2011 By Charles Glanzer
A recent survey of 2,500 employed adults found that one-fourth used all of their income for bills and expenses, leaving nothing extra at the end of the month. This survey was conducted in early ...
Continue reading "More Americans Living Paycheck to Paycheck" »
Posted on Sep 12, 2011 By Charles Glanzer
One of my clients recently told me during an initial consultation, "I make too much money to file bankruptcy !" I hear this all the time from people who make decent money but are really ...
Continue reading "I Need Help! Is Bankruptcy the Answer?" »
Posted on Sep 9, 2011 By Charles Glanzer
It's funny how perspective can shape reality. For instance, some people view a personal bankruptcy filing as the final step in a long road of financial failure. On the other hand, many others view ...
Continue reading "Is your Bank Account Half Full Or Half Empty?" »
Posted on Sep 7, 2011 By Charles Glanzer
A Chapter 13 bankruptcy case lasts between three to five years. That is three to five New Years, three to five Fourth of July fireworks, and three to five Superbowls. It is also three to five Tax Days ...
Continue reading "Tax Refunds After Filing Chapter 13 Bankruptcy" »
Posted on Sep 5, 2011 By Charles Glanzer
There is an old saying among bankruptcy attorneys, "Pigs get fat and hogs get slaughtered." Bankruptcy attorneys know that the bankruptcy laws are intended to give an honest debtor a fresh ...
Continue reading "Chapter 7 Debtors Should Beware Hoggish Behavior" »
Posted on Sep 2, 2011 By Charles Glanzer
1. Bankruptcy Can Actually Improve Your Credit Score Most "credit experts" say that filing bankruptcy is the worst thing you can do to a person's credit score. Unfortunately, most people ...
Continue reading "Five Things The Bankruptcy Court Won't Tell You" »