I am now scheduling appointments for people looking to file chapter 7 or chapter 13 bankruptcy at our newest location in Burr Ridge, IL , serving the Western and Southwestern suburbs and South part of Chicago.Burr Ridge1333 Burr Ridge Parkway, Suite 200Burr Ridge, IL 60527 We are located in the Chicago suburbs with easy access from I-55, I-355, and I-294 about 20 miles from Downtown Chicago<span style="background-color: white; color: #484848; font-family: "effra w01 regular" ,...
Orland Park Bankruptcy lawyer – new office, free consultations
I am now scheduling appointments for people looking to file bankruptcy at our newest location in Orland Park, serving the South and Southwestern suburbs and South part of Chicago.Orland Park15255 S 94th Avenue, 5th FloorOrland Park, IL 60462 We are located in the Chicago suburbs, about 25 miles from Downtown Chicago in the I-80 corridor.We are easily accessible from I-55, I-294, I-80, I-57, and I-355. Our building is the tallest in the south suburbs, so it is easy to...
high income broke debtors… recent trends in bankruptcy
http://qz.com/520414/the-high-earning-poor/Do you earn a decent salary, but live paycheck-to-paycheck? If so, you are part of a growing segment of the American population: the income rich-ish…
How to Know When Bankruptcy Is Right for You
How to Know When Bankruptcy Is Right for You
Before you decide to file for personal bankruptcy you should be aware that it is not necessarily the best choice for everyone. For many people, bankruptcy should be the last-case scenario only after they have weighed all of their options and determined that they can’t remedy their financial woes.
Ultimately, the decision to file for bankruptcy should be made between you and an experienced...
Payday loans – stop wage assignments
Did you know that a Chapter 7 or Chapter 13 can stop a wage assignment?
Did you know that I, as your bankruptcy attorney can stop a wage assignment even without filing your case?
Credit unions, payday loans, and internet loans to name a few, often make debtors sign voluntary wage assignments so that they can take money from the consumers' paycheck in the event they fail to make the installment payments.
I can stop this!
It's true!
<span style="font-family: "Times New...
Northern District of Illinois Bankruptcy Filing Statistics – 2014 Year to date
So far, in 2014 there have been 29,052 bankruptcy cases filed in the Northern District of Illinois
Compared to this time last year, when 31,754 cases were filed, down, almost 9%.
Adversary proceedings were down from 1064 to just 610 this year, over 42%.
11,120 (38%) of these cases were for debtors living in Chicago, followed by 592 in Rockford, 536 in Aurora, 452 living in Joliet, 289 from Plainfield, 281 in Elgin, 280 in Bolingbrook, 271...
Chapter 7 and Chapter 13 bankruptcy filing fee increases
I just received a memo from the United States Bankruptcy Court indicating that the filing fees for bankruptcy cases will be increasing effective June 1, 2014.<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;...
Z is for Zero! Our last installment in our Bankruptcy alphabet series
Zero. That is how much unsecured debt remains after a chapter 7 or chapter 13 bankruptcy discharge.
You should be back on track now, debt free. There are a few exceptions. Student loans or educational debts do not discharge in bankruptcy. Some tax debt, unless paid in full could survive a chapter 7 bankruptcy. Child support, spousal support, alimony, or any other Domestic Support Obligations remain after bankruptcy...
Y is for You Did It! You got a bankruptcy discharge!
Y was a tough letter to find to post about for bankruptcy.Not many bankruptcy terms begin with the letter Y, there isn't much caselaw that starts with the letter Y.No Judge has a name that starts with a Y in ChicagoSo, I figure I'll sell the benefits of bankruptcy, with Y is for YOU DID IT!You completed the bankruptcy case. 3 months for chapter 7, and 3 to 5 years for most chapter 13 bankruptcy cases. So, now what?It is a good idea to check your credit report a few months...
V is for …. Valuation of assets in bankruptcy
With chapter 7 bankruptcy, putting a value on your assets is of utmost importance.Each state gives debtors limited exemptions to protect assets, so the proper value of your belongings is crucial. Now, in general, the trustee in your chapter 7 case is not interested in the small stuff like your spoons, your old tv from 1984 etc. The trustee is looking for assets of value that can be liquidated to pay your creditors, such as new electronics, collectibles - autographs, memorabilia, vehicles,...