Blog Posts in January, 2012
Posted on Jan 31, 2012 By Marc Wagman
As a Chicago bankruptcy lawyer , I will get the question which bills do I list in my bankruptcy? The answer is that you list all your debts and all your assets when you file a bankruptcy. However, if ...
Continue reading "Chicago bankruptcy attorney explains listing all your bils when you file!" »
Posted on Jan 26, 2012 By Marc Wagman
If you owe parking tickets (a significant amount) the City of Chicago can take your car to one of the impound lots because of the tickets. The City will often boot the car first and then send the tow ...
Continue reading "My car was taken by the City of Chicago!" »
Posted on Jan 25, 2012 By Marc Wagman
Filing a bankruptcy with a C hicago bankruptcy attorney like myself is a very personal and serious decision. It should not be taken lightly; however, my duty as a Chicago bankruptcy lawyer is to ...
Continue reading "Should I file for bankruptcy?" »
Posted on Jan 23, 2012 By Marc Wagman
As a Chicago bankruptcy attorney , clients will often ask me if a "charge off' on their credit report means that the 'debt is gone'? The answer is absolutely no, it is not gone! What ...
Continue reading "Chicago bankruptcy attorney explains a charge off on your credit report!" »
Posted on Jan 22, 2012 By Marc Wagman
If you have an IRA, 401K or other ERISA qualified retirement account it is protected in a Chapter 7 bankruptcy or a Chapter 13 bankruptcy. As a Chicago bankruptcy lawyer , I get the question if one ...
Continue reading "Chicago bankruptcy attorney explains your 401K and IRA or other ERISA protected accounts in bankruptcy!" »
Posted on Jan 22, 2012 By Marc Wagman
This is one the lesser know advantages of filing for bankruptcy protection. As a Chicago bankruptcy attorney practicing Chapter 7 and Chapter 13 bankruptcy I am asked whether taxes can be discharged ...
Continue reading "Chicago bankruptcy attorney explains will I still owe taxes after filing Bankruptcy?" »
Posted on Jan 16, 2012 By Marc Wagman
As a Chicago bankruptcy attorney , I am often asked by clients whether or not creditors show up at their meeting of creditors or the 341 meeting. The answer is generally no, they do not appear at your ...
Continue reading "Will my creditors show up at my 341 meeting?" »
Posted on Jan 9, 2012 By Marc Wagman
As a Chicago bankruptcy attorney , I am often asked by a client if they should give up their home. Well as with anything, the answer depends on a lot of factors. In this article by MSNBC, it speaks ...
Continue reading "Walking away from a mortgage or strategic default!" »
Posted on Jan 9, 2012 By Marc Wagman
As a Chicago bankruptcy lawyer , I have a lot of clients whose mortgages are significantly underwater due to the real estate crisis. A Chapter 13 reorganization bankruptcy allows a debtor to strip or ...
Continue reading "Eliminating a 2nd Mortgage in Chapter 13!" »
Posted on Jan 3, 2012 By Marc Wagman
As a Chicago bankruptcy attorney , I will often get a client who asks how to stop a garnishment. The filing of a Chapter 7 bankruptcy or a Chapter 13 bankruptcy will stop a garnishment even once it ...
Continue reading "Chicago bankruptcy attorney expains stopping a garnishment!" »