Blog Posts in January, 2011
Posted on Jan 17, 2011 By Marc Wagman
As stated in this recent article there are over 100 banks ready to file bankruptcies of their own. What does this mean for you the Bankruptcy Consumer filer? Well it means that when dealing with banks ...
Continue reading "Banks to Bankruptcy!" »
Posted on Jan 17, 2011 By Marc Wagman
At times, it may seem that divorce frequently comes after bankruptcy , or vice versa. Why do divorce and bankruptcy sometimes go hand in hand? It is commonly known that money problems can cause a ...
Continue reading "Divorce & Bankruptcy Sometimes Go Hand in Hand" »
Posted on Jan 13, 2011 By Marc Wagman
As the economy continues to struggle even some corporate giants who have been around for years are falling victim to the economical crisis. As discussed in a recent article on buzzle.com many big ...
Continue reading "Even big businesses file Bankruptcy" »
Posted on Jan 12, 2011 By Marc Wagman
The 341 meeting is required under the bankruptcy code. It is a rather informal meeting where the trustee (a hearing officer) appointed to the bankruptcy will review the Debtor's bankruptcy ...
Continue reading "The Meeting of Creditors or 341 Meeting" »
Posted on Jan 10, 2011 By Marc Wagman
Determining whether Chapter 13 is the right type of bankruptcy is something that can only be decided based upon all the specific facts of a debtor's unique financial situation. However, there are ...
Continue reading "When is Chapter 13 the Right Option?" »
Posted on Jan 3, 2011 By Marc Wagman
In order for a Chicago debtor to qualify to file under Chapter 7 of the U.S. Bankruptcy Code, he or she must first pass the means test . This test is designed to determine whether a debtor has the ...
Continue reading "Passing the Means Test - Chapter 7 Bankruptcy in Chicago" »