Blog Posts in December, 2011
Posted on Dec 30, 2011 By Marc Wagman
Happy New Year to all those reading this post. As a Chicago bankruptcy attorney , the New Year is a busy time for bankruptcy attorneys as clients again start to focus on their finances. Usually ...
Continue reading "Chicago bankruptcy attorney explains why tax season is a good time to file bankruptcy!" »
Posted on Dec 16, 2011 By Marc Wagman
According to this article , a study by the American Bankruptcy Institute finds that the 2005 bankruptcy reform act has increased the burdens and costs on Debtors filing for bankruptcy. The results of ...
Continue reading "Chicago Bankruptcy attorney explains new American Bankruptcy Institute Study!" »
Posted on Dec 13, 2011 By Marc Wagman
To file either a Chapter 7 or a Chapter 13 bankruptcy a debtor must obtain credit counseling prior to the filing of either bankruptcy. As a Chicago bankruptcy attorney , my clients will often ask what ...
Continue reading "Chicago bankruptcy attorney explains credit counseling!" »
Posted on Dec 8, 2011 By Marc Wagman
When a creditor has a judgment and they find out where you bank they can freeze your bank account by sending over a copy of the judgment to the bank. This is called a levy of the bank account. The ...
Continue reading "Chicago bankruptcy attorney explains a frozen bank account!" »
Posted on Dec 7, 2011 By Marc Wagman
In this article , the attorney general of Massachussets has sued five major banks for deceptive practices and allegedly illegally foreclosing on homes in the state. Attorney generals in other states ...
Continue reading "Massachussets Attorney General Sues Five Major Banks over foreclosure practices!" »
Posted on Dec 5, 2011 By Marc Wagman
As a Chicago bankruptcy attorney , I will get calls from potential clients asking whether their Social Security or Disability payments can be garnished. The answer is no, Social Security and ...
Continue reading "Chicago bankruptcy attorney explains that Social Security Payments cannot be garnished!" »
Posted on Dec 3, 2011 By Marc Wagman
Often as a Chicago bankruptcy attorney , I will get asked the question when should I file for bankruptcy. Well that answer depends on your situation, but some warning signs that you may need to file ...
Continue reading "What are the warning signs that you need a bankruptcy?" »
Posted on Dec 1, 2011 By Marc Wagman
As a Chicago bankruptcy attorney , I often get the question what is the means test. The means test is a required form added to the bankruptcy schedules in 2005. It is a six month average of the ...
Continue reading "Chicago bankruptcy attorney explains the means test!" »