Blog Posts in September, 2011
Posted on Sep 30, 2011 By Marc Wagman
As a Chicago bankruptcy attorney , I sometimes get a potential client or client in that has not filed tax returns for a long period of time. In a Chapter 13 bankruptcy the Debtor is required to file ...
Continue reading "Filing your tax return is a requirement to file a bankruptcy!" »
Posted on Sep 29, 2011 By Marc Wagman
As a Chicago bankruptcy attorney , I am currently getting a plethora of motions to dismiss for the failure of my clients to send in a copy of their 2010 tax return to the trustee. Further, it seems ...
Continue reading "What about my tax refund in a Chapter 13?" »
Posted on Sep 28, 2011 By Marc Wagman
A reaffirmation agreement is a secondary contract keeping you liable on secured property. As a Chicago bankruptcy lawyer , I have had questions over the years of whether or not a persons case can be ...
Continue reading "Can you reaffirm a debt after the bankruptcy discharge?" »
Posted on Sep 27, 2011 By Marc Wagman
Filing a bankruptcy will impact your credit whether it is a Chapter 7 bankruptcy or a Chapter 13 bankruptcy . How much it will impact your credit score varies on the persons credit score and whether ...
Continue reading "How will my credit be affected by a bankruptcy?" »
Posted on Sep 26, 2011 By Marc Wagman
In Illinois a deficiency for a mortgage is allowed pursuant to state law. A deficiency is a shortfall after a foreclosure sale. In practical terms however, if you only have a first mortgage generally ...
Continue reading "Deficiency Judgments on Mortgages in Illinois!" »
Posted on Sep 22, 2011 By Marc Wagman
According to this article , Joe Giudice the husband of Teresa Giudice has withdrawn his Chapter 7 bankruptcy petition. The reality TV stars are allegedly going to repay some creditors. Their ...
Continue reading "Real Housewives Husband Joe Guidice withdraws bankruptcy petition." »
Posted on Sep 20, 2011 By Marc Wagman
Payday loan stores are all around in Illinois. They are all around because Illinois does not currently protect consumers from the high interest rates that a payday loan store charges and the business ...
Continue reading "Payday loans are a recipe for disaster!" »
Posted on Sep 15, 2011 By Marc Wagman
According to this article on CNN, poverty rates have increased to there highest level since 1993. In addition, the middle class is being sqeezed in the current recession and they are losing wealth. ...
Continue reading "Poverty rates rise in America" »
Posted on Sep 13, 2011 By Marc Wagman
In this article by CNN, bankruptcy "has gotten more educated over the past five years. Financial distress has spread to more of the population and those who have higher education. The statistics ...
Continue reading "Bankruptcy among college graduates grows!" »
Posted on Sep 12, 2011 By Marc Wagman
I often will get a call from a potential client asking what does it cost to file a bankruptcy? Well that answer depends on the type of case is it a Chapter 7 bankruptcy or a Chapter 13 bankruptcy. ...
Continue reading "What does it cost to file bankruptcy?" »
Posted on Sep 7, 2011 By Marc Wagman
A lot of my clients or potential clients ask about whether or not they can get a loan modification. Loan modifications are sometimes difficult to get depending on the lender you have. The requirements ...
Continue reading "Home Affordable Eligibility or HAMP." »
Posted on Sep 2, 2011 By Marc Wagman
Since according to my website the most popular blog I have written ever on this site is about the Real Housewives of New Jersey Joe and Teresa Guidice's alleged bankruptcy fraud. I will give you a ...
Continue reading "Bankruptcy Fraud Don't Do IT!" »