Chicago Bankruptcy Blog
Posted on May 20, 2013
Throughout the United States, consumers are protected by state and federal exemption laws when filing for bankruptcy. Although some personal bankruptcies require the debtor to liquidate assets and use ...
Continue reading "What Type of Property is Protected During Bankruptcy?" »
Posted on May 17, 2013
Throughout the country, most debtors choose to file personal bankruptcies under Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code. While everyone is afforded the option to file under Chapter 13, it ...
Continue reading "Who is Eligible to File for Chapter 7 Bankruptcy?" »
Posted on Apr 24, 2013
If you have made the decision to file for bankruptcy, it is important that you take the time to prepare for the process ahead. Although this financial solution is a viable way to discharge a ...
Continue reading "Can I Make Large Purchases Before Filing for Bankruptcy?" »
Posted on Apr 22, 2013
Under United States law, you are only considered to be a debtor, or someone who owes money, if you reside in or own a home, business, municipality or property. Depending on your situation, and what ...
Continue reading "Who is Considered to be a Debtor in Chicago, IL?" »
Posted on Apr 22, 2013
A lot of my clients are a little confused when it comes to Chapter 13. A Chapter 13 is reorganization or repayment bankruptcy. An actual plan is filed with the court. That plan pays any past due ...
Continue reading "Chicago Bankruptcy Attorney Explains Chapter 13!" »
Posted on Apr 18, 2013
When an individual makes the decision to file for bankruptcy in the United States, they will be entitled to the protections of an " automatic stay." This is an action that will be ordered by ...
Continue reading "What are the Benefits of an Automatic Stay in Bankruptcy?" »
Posted on Feb 25, 2013
A Chapter 7 bankruptcy is a liquidation bankruptcy. In some case filings there are unprotected assets that a trustee could administer after paying the debtor his exemptions. The most common asset as a ...
Continue reading "An asset Chapter 7 case!" »
Posted on Feb 24, 2013
Being a Chicago bankruptcy attorney with a lot of experience and great knowledge of the bankruptcy code. I sometimes get the question of what do I have to pay if I surrender a property in bankruptcy. ...
Continue reading "Condo Fees after filing bankruptcy!" »
Posted on Feb 20, 2013
As a Chicago bankruptcy attorney, I am getting the question now more often then ever whether student loans can be discharged in bankruptcy? Pursuant to the bankruptcy code student loans are ...
Continue reading "Discharging student loans in bankruptcy?" »
Posted on Feb 5, 2013
Those who have found themselves in a dire financial situation may be faced with more serious issues than the stress of overwhelming debt. Some have begun to receive incessant phone calls and letters ...
Continue reading "Filing an Emergency Bankruptcy in Chicago, Illinois" »