What to expect when you go to “Court”?

I am amazed each and every time how nervous people are to come to their bankruptcy “court” date, or what we call the Section 341 hearing. (named after the section of the bankruptcy code) I tell my clients it is formal, even though it is not in a Courtroom, but that there is nothing to [...]

By |2018-05-14T12:30:29+00:00November 1st, 2017|Uncategorized|Comments Off on What to expect when you go to “Court”?

How To Stop Harassing Phone Calls

Chicago Bankruptcy Attorney discusses - How To Stop Harassing Phone Calls? Calls from debt collectors can be extremely distressing and although Chapter 7 and 13 filings can put an end to collection attempts, there are also other types of unwanted calls that you may be receiving: unsolicited telemarketers. The Do Not Call Registry (DNC) from [...]

By |2018-04-10T15:18:52+00:00November 1st, 2017|Debt Collection|Comments Off on How To Stop Harassing Phone Calls

Bankruptcy Fraud

One of the main reasons Congress changed the bankruptcy laws so dramatically in 2005 was to curtail bankruptcy fraud. Congress was concerned that there were too many people filing too many bankruptcies who didn’t deserve to, i.e. they could afford to pay their debts, at least something. Congress also felt that there was too little [...]

By |2018-07-10T14:25:15+00:00November 1st, 2017|Bankruptcy|Comments Off on Bankruptcy Fraud

Chicago Bankruptcy Attorney Discusses Debts, Credit, foreclose and Mortgage.

Chicago Bankruptcy Attorney Discusses Debts, Credit, foreclose and Mortgage. Nowadays, it seems that everyone I meet is “upside down” on their home. What does that mean? It means that they owe way more than their home is worth. And the really sad thing is that it may take years for values to catch up. For example, when [...]

By |2019-04-03T12:21:49+00:00November 1st, 2017|Uncategorized|Comments Off on Chicago Bankruptcy Attorney Discusses Debts, Credit, foreclose and Mortgage.

Student Loans and Bankruptcy

IMPOSSIBLE, to wipe out, or just about….you might if you are permanently disabled…..Recently a court refused to allow the discharge of $300,000 plus in student loans for a young lawyer earning under $50,000 stating that it was NOT an undue hardship on this young lawyer to pay back these loans…and that he was intentionally not [...]

By |2019-03-07T07:49:45+00:00November 1st, 2017|Bankruptcy|Comments Off on Student Loans and Bankruptcy

As you may already know, I am a Chicago Bankruptcy Attorney

As you may already know, I am a Chicago Bankruptcy Attorney, practicing for over 35 years in City of Chicago and its suburbs.  One of the most common questions I hear is about employers requesting credit reports from prospective employees.  Illinois residents have some degree of protection. Illinois law prevents employers from inquiring about a [...]

By |2018-07-10T14:28:44+00:00November 1st, 2017|Financial|Comments Off on As you may already know, I am a Chicago Bankruptcy Attorney

Credit Score Factors: What Are They?

There is a common misconception among credit consumers that if they simply “pay their bills on time,” they will automatically have a high credit/FICO score — this is not the case. Although timely payments are a significant factor in determining an overall credit score, there are other factors that play a roll as well. Undertand [...]

By |2018-07-10T14:11:21+00:00November 1st, 2017|Credit Score|Comments Off on Credit Score Factors: What Are They?