Blog Posts in 2012
68 results found. Viewing page 1 of 3.
Go to page
Posted on May 16, 2012 By Marc Wagman
If you miss a bill when you file a Chapter 7 or a Chapter 13 bankruptcy it is not the end of the world. As a Chicago bankruptcy attorney I know that clients are worried when they file for bankruptcy. ...
Continue reading "What happens if I miss a bill when I file for bankruptcy?" »
Posted on May 16, 2012 By Marc Wagman
Rarely as a Chicago bankruptcy attorney do I have a client who is close to the debt limits for a Chapter 13 bankruptcy in Chicago or the surrounding counties. However, the debt limit is a hard number ...
Continue reading "What is the debt limit and how does it affect me filing a Chapter 13 bankruptcy?" »
Posted on May 16, 2012 By Marc Wagman
As this article on Reuters reports , a person can still get a home loan after a Chapter 7 bankruptcy or a foreclosure. As a Chicago bankruptcy attorney I will routinely get the question when can I get ...
Continue reading "After a Chapter 7 bankruptcy it is still possible to get a home loan!" »
Posted on May 15, 2012 By Marc Wagman
When filing Chapter 7 bankruptcy with a Chicago bankruptcy attorney , a trustee is assigned to your case. In a Chapter 7 the trustee administers any non-exempt assets for the benefit of creditors, he ...
Continue reading "Who is the trustee and what do they do?" »
Posted on May 14, 2012 By Marc Wagman
As a Chicago bankruptcy attorney , I can tell you there are a lot of myths regarding bankruptcy. According to this article in US News and World Report these are common myths that people may believe ...
Continue reading "Some common misperceptions about bankruptcy!" »
Posted on May 11, 2012 By Marc Wagman
As a Chicago bankruptcy attorney , I speak with clients who have tried debt settlement. This article also discusses debt settlement and the problems with it. The way that debt settlement works is that ...
Continue reading "Debt settlement versus bankruptcy?" »
Posted on May 9, 2012 By Marc Wagman
A common question I get as a Chicago bankruptcy attorney is what is the process for a Chapter 7 bankruptcy? Upon a client coming in for an initial consultation and payment of the fees required to file ...
Continue reading "Chapter 7 from filing to discharge" »
Posted on May 9, 2012 By Marc Wagman
A common question or concern I get from a potential client as a Chicago bankruptcy attorney is who is going to find out about my bankruptcy? Bankruptcy is a matter of public record; however, in most ...
Continue reading "Chicago bankruptcy attorney explain who will find out about my bankruptcy filing!" »
Posted on May 8, 2012 By Marc Wagman
In my career as a Chicago bankruptcy attorney I have in the past represented clients in adversary proceedings. An adversary proceeding is a seperate lawsuit in a bankruptcy case. If it is filed ...
Continue reading "Chicago bankruptcy attorney explains an adversary proceeding!" »
Posted on May 8, 2012 By Marc Wagman
As a Chicago bankruptcy attorney , I speak to clients every week who really don't have enough money to pay for a bankruptcy. This article says that approximately 200,000 Americans will be shut out ...
Continue reading "Too broke for bankruptcy?" »
Posted on May 2, 2012 By Marc Wagman
One question I will get from time to time as a Chicago bankruptcy lawyer , is if I file bankruptcy isn't that just admitting that I am a failure? The answer is absolutely not. Filing bankruptcy is ...
Continue reading "Am I a failure if I file for bankruptcy?" »
Posted on May 2, 2012 By Marc Wagman
As a Chicago bankruptcy attorney , I have clients who have debt and sometimes their debt is rather old. The statute of limitations prevents a creditor from delaying filing a lawsuit against. In sum, ...
Continue reading "Chicago bankruptcy attorney explains the statute of limitations defense!" »
Posted on May 1, 2012 By Marc Wagman
In this article with the Chicago Tribune , the so called "Octomom" Nadya Suleman filed for bankruptcy protection in California. According to the filing she has less than $50,000 in assets ...
Continue reading "Octomom files for bankruptcy!" »
Posted on May 1, 2012 By Marc Wagman
As a Chicago bankruptcy lawyer , I often get questions about why should I choose you as my attorney. Why not go to a large law firm? The large law firms who practice bankruptcy on volume. There are ...
Continue reading "Chicago bankruptcy attorney explains a bankruptcy mill!" »
Posted on Apr 26, 2012 By Marc Wagman
A federal judge filed for bankruptcy according to this article . Judge Otis Wright, recently filed a Chapter 7 bankruptcy which is a rare thing for a federal judge. The federal bankruptcy judges have ...
Continue reading "Federal Judge files for bankruptcy!" »
Posted on Apr 26, 2012 By Marc Wagman
According to this article , President Obama is lobbying for keeping the interest rate at 3.4% on student loans. If Congress fails to act by July 1, 2012, then interest would double on student loans. ...
Continue reading "Push for more relief on Student Loan debt is growing!" »
Posted on Apr 25, 2012 By Marc Wagman
Filing bankruptcy with a Chicago bankruptcy attorney is a hard decision that must be weighed carefully. One of those decision is when to file your bankruptcy. If you are presently unemployed that ...
Continue reading "I am unemployed why should I file bankruptcy now?" »
Posted on Apr 20, 2012 By Marc Wagman
As a Chicago bankruptcy attorney , a lot of clients who come into my office have student loan debt. Student loans are non-dischargeable in a bankruptcy unless the Debtor can prove undue hardship. ...
Continue reading "Can you discharge student loans in bankruptcy the undue hardship test?" »
Posted on Apr 18, 2012 By Marc Wagman
As a Chicago bankruptcy lawyer , potential clients will often call when they have a garnishment of their wages. A garnishment when a creditor forcibly takes money from your paycheck to recover the ...
Continue reading "Chicago bankruptcy lawyer explains stopping a garnishment!" »
Posted on Apr 17, 2012 By Marc Wagman
When a person considers filing a bankruptcy with a Chicago bankruptcy attorney there can be a lot to consider when choosing an attorney. Most people however, make the error of choosing price as the ...
Continue reading "Chicago bankruptcy attorney explains how to choose your attorney?" »
Posted on Apr 16, 2012 By Marc Wagman
According to this news article in USA Today , the Federal Housing Agency may decide on principal reductions for some mortgage. A new analysis says that Fannie Mae and Freddie Mac would save ...
Continue reading "Federal Housing Agency may decide on principal forgiveness in next few weeks!" »
Posted on Apr 14, 2012 By Marc Wagman
As a Chicago bankruptcy attorney , I will get the question from a potential client can I keep my car if I file a Chapter 7 bankruptcy? A Chapter 7 is a fresh start bankruptcy. All assets and all ...
Continue reading "Can I keep my car when I file Chapter 7?" »
Posted on Apr 12, 2012 By Marc Wagman
I often get the question as a Chicago bankruptcy lawyer , whether or not a client can keep one of their credit cards after filing for bankruptcy? The answer is no you cannot keep a credit card after ...
Continue reading "Can I keep a credit card when I file bankruptcy?" »
Posted on Apr 11, 2012 By Marc Wagman
As a Chicago bankruptcy attorney , I sometimes get the question from a debtor can I still use my credit cards prior to filing a bankruptcy. The answer is no, you should not use any credit or incur any ...
Continue reading "Using credit before filing a bankruptcy?" »
Posted on Apr 10, 2012 By Marc Wagman
As a Chicago bankruptcy attorney , I ask every client if they are suing anyone or have the right to sue anyone for any money damages, such as a personal injury claim. In a Chapter 7 or a Chapter 13 , ...
Continue reading "Are you suing anyone or do you have a personal injury claim against anyone" »
68 results found. Viewing page 1 of 3.
Go to page