Bankruptcy Blogs

When a Chapter 13 bankruptcy plan gets confirmed by the Bankruptcy Court, the monthly payments you are supposed to pay to the trustee are set by the confirmation order. But they are not always set in stone.

The company's fixed network fee penalizes merchants that route debit transactions to any competing network, and subverts the competition that the Durbin amendment was designed to foster.

How Can I Get Out of Debt Fast? The fastest way to get out of debt is to send a check for the full balance of what you owe or negotiate a reduced payoff. If you’re reading this article though, chances are that probably isn’t an option. The next fastest way to get out of debt [...]

Palatine bankruptcy lawyer David Siegel states that before a Chapter 13 bankruptcy case can be filed, you must submit to a credit counseling session.  A credit counseling session is a half-hour or one hour on the computer, phone or in person with a credit counselor approved by the Office of the United States Bankruptcy Court.  The credit counseling session is basically a fact-finding situation where you list what you have in terms of assets, liabilities, income and expenses.  You must take the credit counseling session prior to your case being filed.  Additionally, you must submit four year

Palatine bankruptcy attorney David Siegel states that after your Chapter 7 bankruptcy case is filed but before it goes to discharge, you have the requirement of taking a two hour financial management instruction class.  The two hour financial management instruction class can be done online, in person or over the telephone in certain circumstances.  The purpose of the two hour financial management class is to educate you so that you don’t fall back into debt in the future.  Although you can’t learn everything about personal finance in a two-hour session, the government felt that