Contact us for a free consultation Click to Call Phone 800-440-7235
Home » Blog

Category Archives: Bankruptcy

Can I Discharge Income Tax Debt With Bankruptcy?

With tax day fast approaching, many folks are understandably concerned about their finances. In fact, one of the most common questions we get asked around this time of year is whether income taxes can be wiped out with bankruptcy. The short answer is that it depends. Federal and state income tax debt can indeed be… Read More »

How Bankruptcy Saves Homes from Foreclosure Rescue Specialists

When you’re in danger of losing your home, a foreclosure rescue specialist may seem like the answer to your dreams. In truth, these “specialists” can turn out to be your worst nightmare. Let’s say you’ve fallen behind on mortgage payments and the bank has sent you a foreclosure notice – or several. You get a… Read More »

What Property Can I Keep If I File for Chapter 7 Bankruptcy?

Chapter 7 Bankruptcy is often called “liquidation bankruptcy” because the bankruptcy trustee can opt to liquidate, or sell off, your non-exempt assets to repay your debts.  Chapter 7 Bankruptcy is usually a good option for people who have mostly unsecured debt, such as medical bills, payday loans or credit card debt and for people who… Read More »

Who Can Benefit from Filing Chapter 13?

You work hard and try to pay your bills on time, but the weight of your debt is too overwhelming.  You need help, time, or both to arrange your finances.  However, your creditors continue to press you for payments and some may even threaten to garnish your wages or take other legal action against you…. Read More »

Six Common Mistakes That Could Ruin Your Bankruptcy Case

Filing bankruptcy requires carefully planning with qualified and experienced chapter 7 bankruptcy attorneys in Chicago to avoid making common mistakes. Although you may be able to correct some minor mistakes, others could prove costly and ruin your chances of discharge — or worse. People filing Chapter 7 bankruptcy in Illinois should avoid these common errors… Read More »

New Illinois Supreme Court Rules Take Effect to Safeguard against Foreclosure Abuse

Lawmakers nationwide are taking steps to stop foreclosure abuse. During the height of the housing market crash and subsequent foreclosure crisis, millions of homeowners -including those in Chicago – became victims of fraudulent foreclosures and mortgage servicing practices. Lenders sometimes engaged in “robo-signing”, where they falsified documents to accelerate the foreclosure process.  Such lender abuses… Read More »