Can student loan discharge be on the radar? Yes if this medical bankruptcy bill passes as presented. Stay turned
Feds: Bankruptcy scam freed impounded vehicles
I saw the US Trustee's office discussing this matter on a case before Judge Cassling last week. The case was dismissed, namely because the debtor didn't file most of the required documents. It's a shame that these individuals were taking advantage of debtors, when a qualified attorney could get them much better results....get their cars back, and get rid of the fines, often for as little as pennies on the dollar with a Chapter 13 bankrutpcy!! Contact me for a free consultation on how...
We Are Moving!
We are moving!!Here is our new contact information effective 12/18/2012:<span style="background-color: white; color: #333333; font-family: 'lucida grande', tahoma,...
M is for Marriage in bankruptcy
If you are married, you are not required to file a joint bankruptcy. In many cases you should though.a. If you live in a community property state it is usually wise to file a joint case. Debts incurred by either spouse during a marriage are each spouses responsibility in most instances. Therefore, if only one spouse files on marital debt, the other spouse gets socked with the responsibility for repayment, which defeats the purpose of filing a bankruptcy case.b. Many...
K is for Keep
You can keep a lot of personal belongings when you file bankruptcy, provided that you have an exemption available to protect them. In Chicago, Illinois, an individual debtor can keep up to $4000 of cash and personal belongings. Good news! Your stuff probably isn't worth that much. It's old, it's used, the kids have tore them up...etc. Think garage sale value.K is also for Keeping Debt. A debtor can reaffirm a secured debt if they can demonstrate the ability...
Update to B is for Baseball and F is for Fraud…
As a followup to B is for Baseball Bankruptcy and F is for Fraud, Lenny Dykstra, a former baseball star has entered a plea agreement with the feds who accused him of defrauding creditors by declaring bankruptcy and then looting his $18 million mansion. He allegedly liquidated assets of his bankruptcy estate. This is bankruptcy fraud, as opposed to fraudulent debts. Basically, the...
Want to run for judge?
7th Circuit has opening for bankruptcy judge
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Discharging educational debt in bankruptcy – Chicago Bankruptcy Lawyer
http://www.bankruptcylawnetwork.com/student-loan-debt-will-not-be-repaid/Here is a link regarding student loan debts. Congress has made it increasingly more difficult to discharge educational debts in bankruptcy, having changed the laws several times in the last 14 years. I know who can still discharge educational debt. I know how. Contact me to find out. 312-346-7400.Leeders & Associates
Chicago Cubs, Now the Dallas Stars file bankruptcy
Economy hit you hard? Cities are filing for bankruptcy protection, big league sports teams file bankruptcy too.The Dallas Stars have filed for chapter 11 bankruptcy protection in September, 2011. - in US Bankruptcy Court in Delaware, case # 11-12935. They are working on a sale of the club to a Vancouver businessman. There were no competing bidders, so the team is finalizing the sale for $265 million dollars.