About Rajiv Kumar

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So far Rajiv Kumar has created 23 blog entries.

Call the Attorney: Why Should Someone File a Bankruptcy Chapter 13?

Are you struggling to pay your bills? Have you considered filing for bankruptcy? If so, you’re not alone. In 2020, 8,526 Illinoisans filed for Chapter 13 bankruptcy. Your first step is to speak with a Chapter 13 bankruptcy attorney. Keep reading to learn more about bankruptcy and how an expert attorney can help you. What [...]

How Does the CARES Act Affect Bankruptcy Proceedings?

Are you caught in the economic fallout of the COVID-19 pandemic? Are you thinking about exploring bankruptcy proceedings? In April 2020, the unemployment rate rose to the highest level since the 1930s. In October, it was still at 6.9 percent. The Census Bureau’s Household Pulse Survey gathered data between October 28 and November 9, 2020. [...]

Our Chicago Bankruptcy Attorney Explains How Your Bankruptcy Discharge Works

What Is a Bankruptcy Discharge? A bankruptcy discharge is the ultimate goal of a bankruptcy filing. Once a debt is discharged, you are no longer personally liable for that debt. More importantly, creditors that once had rights to collect, sue, levy, or garnish on the debt no longer have enforceable rights against you. Not all [...]

A Chicago Bankruptcy Lawyer Can Help You Evaluate Your Financial Situation

If you talk to any experienced Chicago bankruptcy lawyer, the first step that he or she will tell you to take when attempting to solve your debt problems is to evaluate your situation.  There are a number of yes/no questions that you can answer to figure out the extent of your debt situation.   First [...]

23 Errors Commonly Made by People Who File Bankruptcy Without a Lawyer

Bankruptcy can be a trap for the unwary, particularly if you file bankruptcy pro se, i.e., without representation by a knowledgeable bankruptcy attorney. Some common mistakes made by individuals in filing for bankruptcy are listed here. All of these serious and sometimes catastrophic errors can be avoided by retaining competent bankruptcy counsel and following his [...]

Tips for Rebuilding Credit After Bankruptcy

Rebuilding credit after bankruptcy may seem like a long, tough road, but it's not as difficult as you might think. Filing bankruptcy won't completely destroy your finances.  Instead, it can give your financial life a fresh new start, allowing you to build a better future. If you take the right steps immediately and vow not to let [...]

When to File Bankruptcy Chapter 7 in Illinois

If you've looked into bankruptcy, you know there are two options can choose from. Chapter 7 helps you discharge debt within 90 days of filing, but may result in you losing property. Chapter 13 arranges a 3-year or 5-year repayment schedule for your debt and helps you keep most, if not all, of your property. [...]

What to Expect at the 341 Meeting of Creditors

The 341 meeting of creditors is one step in the bankruptcy process. It occurs in both Chapter 7 bankruptcy and Chapter 13 bankruptcies. However, since these bankruptcies manage debt differently the bankruptcy trustee may ask different kinds of questions. In this article, we’ll discuss the bankruptcy process and what to expect during the meeting of [...]

How to Stop Foreclosure Through Bankruptcy

If you need to stop foreclosure on your home, one way to do so is to file for bankruptcy. If you're at the point of not being able to keep up with your mortgage payments, then bankruptcy may be advisable anyway. The question you have to ask yourself is what kind of bankruptcy to file in order [...]

How to Rebuild Credit After Bankruptcy

If you're feeling overwhelmed by debt, bankruptcy may be the answer to your financial woes. But what about after bankruptcy? People often feel like their credit will be ruined beyond repair. However, in reality, bankruptcy can give you a fresh start, and it is possible to rebuild credit after bankruptcy. At Lorraine M. Greenberg & Associates, we [...]

Chapter 7 vs Chapter 13: What Are the Differences?

A common question asked by potential clients that come to our Chicago office is what the differences are between a Chapter 7 and Chapter 13 bankruptcy. The contrasts are stark and can affect people in various ways. Below is a breakdown of the two: Chapter 7 – Chapter 7 is the most common bankruptcy code on the books [...]

Should you file for bankruptcy?

Well, only you can decide that question. Perhaps with the help of an attorney or other counselor, you can help make your decision. What factors should you think about? Here are some ideas to get you thinking………How much debt are you in? Can you realistically pay it off over a reasonable amount of time? What [...]


Chicago Bankruptcy Attorney discusses "How will Bankruptcy Affect my Future Credit?" One of the most frequent questions I receive is how will Bankruptcy affect my future credit? It is true that credit records are very important and getting more important every day. Many employers have started requesting credit reports, and certainly credit is necessary to [...]

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