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Three Common Bankruptcy Myths Debunked

09/23/11

Bankruptcy Misinformation To many, bankruptcy is a four letter word, an ethical nether region where you mustn’t have your passport stamped upon entry. However, there are numerous misconceptions about the bankruptcy process, that when stripped away, make a difficult decision slightly easier. After all, knowing is half the battle. In this post, we’ll try to [...]

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What is it Like to be a Bankruptcy Attorney?

09/22/11

So what’s it like being a bankruptcy attorney?  Well, you’re going to be meeting with a lot of people who are struggling financially.  You’re going to be meeting with a lot of people who are down and out on their luck.  You’re going to be meeting with a lot of people who are at their [...]

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Vernon Hills Bankruptcy Attorney On What’s Important In Choosing An Attorney

09/21/11

What should you look for in a bankruptcy attorney?  The first thing you should look for is an attorney that handles bankruptcy on a regular basis.  Find an attorney who has experienced many, many different types of bankruptcy cases over a series of years.  Whether it is a Chapter 7 bankruptcy or a Chapter 13 [...]

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Getting To Know The Bankruptcy Process

09/21/11

 Bankruptcy is a Big Decision Filing for bankruptcy is a big decision, one that is never reached easily. For many people, the bankruptcy process can be overwhelming and even intimidating. Filing does not have to be a chore, after all, the process is meant to be helpful not hurtful. The biggest problem that most people [...]

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Are NYC Squeegee Men an Economic Bellwether?

09/20/11

Yesterday’s Daily News ran a front page story on the return of squeegee men to the streets of Manhattan. For those of you who don’t know, “squeegee men” are a highly evolved form of panhandlers who clean your windshield unsolicited, then aggressively demand payment as you sit in traffic. How fun. To be sure, squeegee [...]

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Some Debts That Bankruptcy Won’t Eliminate

09/20/11

The Limits of Bankruptcy Relief Under the right circumstances, filing for bankruptcy can provide great relief to a family or an individual struggling with debt. Assuming you qualify, chapter 7 bankruptcy can completely eliminate credit card debt, medical bills and afford an opportunity to get out from under a troubled mortgage. However, bankruptcy relief is [...]

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Yorkville Bankruptcy Attorney Sites Many Pros, Few Cons When Filing Chapter 13

09/20/11

Another great thing about Chapter 13 is it effectively lowers the car payment.  If the debtor was making a $500.00 – $600.00 car payment prior to filing Chapter 13, the odds are the total amount that the car is going to receive per month is going to be less than if they were making the [...]

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Roselle Bankruptcy Attorney States That The Court Meeting Is Often Not The Final Requirement

09/19/11

Before a case can go to discharge the debtor must go to a two hour financial management class.  This two hour financial manager class can be done online, in person or over the telephone.  If the debtor does not complete the two hour financial management class the bankruptcy case will close without the debtor receiving [...]

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Disclosure, disclosure, disclosure

09/19/11

It’s often said that the three most important things about the value of real estate are location, location and location.  One of our local bankruptcy judges has stated (in my opinion correctly) that the three most important words related to a bankruptcy filing are disclosure, disclosure, and disclosure. Why Bother? I recently attended a 2 day [...]

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Woodridge Bankruptcy Attorney Depicts Filing Under Chapter 7

09/19/11

If you or someone you know is struggling financially help is available.  Title XI in the United States code has two specific chapters that gear towards individuals who are struggling financially.  The first chapter is Chapter 7 and the second chapter is Chapter 13.  They both have specific purposes, procedures and remedies available for people [...]

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