Blog Posts in June, 2010
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" »