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Largest Municipal Bankruptcy Filing
In the case is In re Jefferson County, 11-05736-9, U.S. Bankruptcy Court, Northern District of Alabama, Jefferson County, Alabama filed for Chapter 9 protection under the US Bankruptcy Code. This stemmed from the County not being able to...
Bankruptcy Filings are down
OCTOBER CONSUMER BANKRUPTCY FILINGS ARE DOWN NEARLY 20 PERCENT OVER LAST YEARConsumer bankruptcy filings totaled 106,255 nationwide last month, down almost 20 percent over last year according to the American Bankruptcy Institute (ABI), relying on data from the National Bankruptcy Research Center (NBKRC). This is down about 2 percent from September as well. Here is a link to the monthly filing charts Click...
Bankruptcy Filing Fee increase.
Effective November 1, 2011 the Bankruptcy Court Clerk has increased bankruptcy filing fees. Chapter 7 filing fees are increasing to $306 and Chapter 13 filing fees will now be $281. For a free bankruptcy consultation in the Chicago area, feel free to contact my office at 312-427-7400. www.leederslaw.comTerry LeedersLeeders & Associates, Ltd.312-427-7400
Racial discrepancy in bankruptcy filers?
In a recent report by the Woodstock Institute, the answer could be yes.
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Chicago Bankruptcy Lawyers near you
Leeders & Associates, Ltd. has several office locations to serve your needs throughout Chicago, the surrounding suburbs, and can handle cases throughout the state. The firm focuses on consumer and small business bankruptcy cases, filing cases under Chapter 7 and chapter 13. With convenient office locations, Leeders & Associates, Ltd. strives to provide you with top notch service at affordable prices. We even offer free consultations too.Come visit us...
Tax Refund anticipation Loan
There is much to say at this time of year regarding tax returns. One thing that comes up, is that many of my clients take refund anticipation loans to get their refund sooner. I've seen several commercials now on TV hyping these loans from Tax Preparers.This is something I tell each and every client not to do.Several issues: 1. Have you seen the crazy interest rates they charge? They are huge! 300-400% or more! This is hundreds of dollars to get...
RISE
Here is a good foundation to support, they do some fine work.Can you RISE to the occasion?
You’d better list all debts in your bankruptcy case……
A recent 7th Circuit Case In re: Smith, No. 08-3358 (9/23/09). Appeal, N.D. Ill., E. Div. Affirmed ruled that is was permissible to let 2 civil action cases continue in state court (regarding sexual assault against debtor-physician) because the debtor did not list the debt on Schedule F of the bankruptcy petition. The creditors did not get notice until the debtor tried to transfer the case to the state court bankruptcy calander about 2 weeks before the objection to dischargeability ...
Obama’s Mortgage relief plan
Barack Obama laid out his plan of attack to help solve or lessen the impact of the mortgage/real estate crisis that has haunted millions of homeowners. It is a $75 billion multi-pronged attack. It will help make it easier to afford their monthly mortgage payments, allowing refinancing while the interest rates are more favorable, or by easing the process to have mortgage loans modified. Obama is widening the scope of government involvement, bringing into the mix those homeowners who have...