Blog Posts in 2010
Posted on Oct 13, 2010 By Marc Wagman
In recent news, the attorney generals of all the states around the country have launched joint investigations into the foreclosure proceedings by some banks. According to this article , the probe is ...
Continue reading "Foreclosure Probe Launched in 50 States by those States Attorneys General. " »
Posted on Oct 5, 2010 By Marc Wagman
A high percentage of my potential clients or people I talk to everyday perceive a Chapter 7 bankruptcy as the only way to go in resolving their debts ( Learn More About Chapter 7 ). However, for ...
Continue reading "A Chapter 13 Bankruptcy Can Be the Best Repayment Deal That You Can Possibly Make!" »
Posted on Sep 29, 2010 By Marc Wagman
The Federal Trade Commission recently issued new regulations covering the debt settlement industry. These new rules prohibit the debt settlement companies from doing the following: 1. Prohibiting them ...
Continue reading "The Federal Trade Commission Cracks Down on Debt Settlement Companies!" »
Posted on Sep 28, 2010 By Marc Wagman
The 2005 amendments to the bankruptcy code placed a significant document hurdle on the debtor and the attorney prior to the filing of a bankruptcy. One of the significant changes was the means test , ...
Continue reading "What Documents Does My Office Need to File a Bankruptcy?" »
Posted on Sep 7, 2010 By Marc Wagman
My wonderful wife likes to watch the Real Housewives Series on Bravo, especially the Real Housewives of New Jersey series. I started to watch the series with her last year and I have to say that it ...
Continue reading "Real Housewives Of New Jersey Teresa & Joe Giudice Accused of Hiding Assets In Their Bankruptcy Filing!" »
Posted on Sep 3, 2010 By Marc Wagman
This article Banks Feast on Bankrupt Consumers , speaks about how the credit card industry and banking lobby pushed through the 2005 bankruptcy reform act. The bankruptcy reforms enacted by Congress, ...
Continue reading "The Chapter 7 Bankruptcy Dilema " »
Posted on Aug 5, 2010 By Marc Wagman
A foreclosure in Illinois is a judicial foreclosure which means that it is administered by the courts. Specifically, the foreclosure is filed as a chancery case in that division if there is one in the ...
Continue reading "The Illinois Foreclosure Timeline!" »
Posted on Aug 4, 2010 By Marc Wagman
Debt consolidators are everywhere and their advertisements can be heard on the internet, the radio, and now on TV. A reputable debt consolidator will attempt to negotiate a settlement for debts which ...
Continue reading "What is Debt Consolidation and How Does It Differ From Bankruptcy? " »
Posted on Jul 30, 2010 By Marc Wagman
Bankruptcy fraud is a serious issue for both the attorney and of course the Debtor who files the bankruptcy petition. My wonderful wife likes to watch the show "The Housewives of New Jersey" ...
Continue reading "Bankruptcy is for the Honest but Unfortunate Debtor" »
Posted on Jul 28, 2010 By Marc Wagman
When a person falls behind on their mortgage they may have a few choices of how to fix the loan or save the home. This Chapter 13 article does a good job of discussing the positives and negative ...
Continue reading "Chapter 13 Can Help you with your Home and Mortgage" »
Posted on Jul 20, 2010 By Marc Wagman
Many home owners have spent the last two years struggling to pay their mortgages when interest rates jumped on their loans and the economy tanked, most were seeking relief with a loan modification. ...
Continue reading "Where are the Bankruptcy Code Amendments needed by Home Owners?" »
Posted on Jul 9, 2010 By Marc Wagman
The Federal Trade Commission reports that complaints about debt collectors have risen 50% in 2009 and this year they expect a 13% increase over last years number of complaints See the Article . In ...
Continue reading "Abusive Practices By Debt Collectors " »
Posted on Jun 29, 2010 By Marc Wagman
As many Chicagoland area residents consider their financial woes and the possibility of filing a Chicago Bankruptcy they must realize they are not in this alone. Bankruptcy may be a very real ...
Continue reading "Even Governments may be filing Bankruptcies Soon" »
Posted on Jun 28, 2010 By Marc Wagman
Many of our clients come int our Chicago Bankruptcy offices and state that they feel bad or morally wrong for wanting to file a Chicago Bankruptcy Case . However, as evidenced in this business ...
Continue reading "It Is Okay to File Bankruptcy" »
Posted on Jun 21, 2010 By Marc Wagman
Whether you file a Chapter 7 Learn More about Chapter 7 or a Chapter 13 Learn More about Chapter 13 either type of bankruptcy will stay on your credit report for 10 years. Nevertheless, filing either ...
Continue reading "How a Bankrutpcy Can Actually Help Your Credit Score." »
Posted on Jun 15, 2010 By Marc Wagman
After all the big bailouts in the last year most banks survived, yet many banks still refuse to begin lending to potential property purchasers or small businesses. This latter issue has caused many ...
Continue reading "Small Business owners still suffering from Banks non lending practices" »
Posted on Jun 14, 2010 By Marc Wagman
The automatic stay is a provision in the bankruptcy code under 11 USC 362. Whether a person files a Chapter 7 Learn More about Chapter 7 or a Chapter 13 Learn more about Chapter 13 an automatic stay ...
Continue reading "How the Automatic Stay protects you when you file a bankruptcy. " »
Posted on Jun 13, 2010 By Marc Wagman
For the first time in modern Bankruptcy history illness and the related medical bills are the number one cause of Bankruptcy. This is caused by a number of factors and the uniqure double whammy a long ...
Continue reading "One Major Cause Of Bankruptcy Are Medical Bills!" »
Posted on Jun 12, 2010 By Marc Wagman
When I am sitting in my car in traffic on the radio there is someone selling the idea of Debt Consolidation. I think to myself are people really falling for this v. filing a bankruptcy. The Wall ...
Continue reading "Watch Out For Debt Consolidators v. filing a Bankruptcy with an Experienced Chicago Bankruptcy Attorney " »
Posted on Jun 11, 2010 By Marc Wagman
Major Warning signs: There is a foreclosure sale of the debtor’s home the next day or a foreclosure filed and proceeding; the debtor’s only car was mysteriously repossessed in the dark of ...
Continue reading "When to file bankruptcy?" »
Posted on Jun 10, 2010 By Marc Wagman
When filing a bankruptcy either a Chapter 7 Learn More About Chapter 7 or Chapter 13 Learn More about Chapter 13 a Debtor goes through the "Means Test" Learn More about the Means Test a ...
Continue reading "Projected Monthly Income for Chapter 13 Purposes the New Supreme Court Opinion" »
Posted on Jun 3, 2010 By Marc Wagman
Often, a potential client will call our office and ask " How much do you charge for a bankruptcy? " The question is almost impossible to answer without some questions of our own. Imagine if ...
Continue reading "How Much Does a Bankruptcy Cost?" »
Posted on Jun 3, 2010 By Marc Wagman
The number of Americans filing for personal bankruptcy rose by nearly a third in 2009, a surge driven largely by foreclosures and job losses. And more people are filing for Chapter 7 Chapter 7 ...
Continue reading "Personal bankruptcy filings rise fast" »
Posted on Jun 1, 2010 By Marc Wagman
In this article , there are many options discussed in how to get out of your debt, including the choice of Bankruptcy . The article specifically states that borrowing more money at high interests ...
Continue reading "Truths about Credit Consolidation and Borrowing More Money to pay your debt" »
Posted on May 25, 2010 By Marc Wagman
President Obama declares in this article , that when analyzing the US Budget that nationally the debt will double and this WILL lead to long term increased unemployment. If you are someone who is ...
Continue reading "President Obama Declares National Bankruptcy Issue" »