Bankruptcy Blogs

Protecting Your Child's Car In Chapter 7 Bankruptcy

07/30/11

It’s getting to the point where you need a lawyer to buy a car for your child. This is certainly true for people who buy a car in their own name for their minor child to use. People consider the car be their “child’s car” not understanding that Florida law considers the car to be the parents’ asset even though the parents do not drive the car. To make matters worse, parents typically get their minor children inexpensive cars which are already paid for.

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What Practicing Law Is Like For A Rockdale Bankruptcy Lawyer

07/30/11

Let’s talk about what the job of being a bankruptcy attorney is all about.  One of the things you’re going to find about being a bankruptcy attorney is the unbelievable ability to help people get out of a very stressful time in their life.  People are drowning in debt.  It could be the result of [...]

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Maywood Bankruptcy Lawyer Discusses Paid Off Home And Filing Chapter 7

07/30/11

Let’s talk about the case of Miss Wright, who comes to us from Maywood, Illinois.  That’s Cook County, Illinois.  She has not filed a bankruptcy before.  She does have a single-family home in Maywood, which is paid for, which is going to cause a problem with a Chapter 7.  She has no vehicle.  She’s on [...]

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Chicago Bankruptcy Attorney Suggests Chapter 13 For Debtor

07/30/11

Let’s review the case study for Mrs. Williams.  Miss Williams lives on Wells Street in Chicago.  She comes to us with no prior bankruptcy filings.  She’s interested in a Chapter 13 repayment plan.  Let’s see if that works for her.  She does not own any real estate, and she is currently living in a rental.  [...]

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Advice From Plainfield Bankruptcy Lawyer

07/29/11

This is the bankruptcy case study for Miss Wilson.  Miss Wilson lives on Steamboat Circle in Plainfield, Illinois.  That’s Will County, Illinois.  She comes to us with no prior bankruptcy.  She’s interested in Chapter 7.  She does not own any real estate, and she’s not renting, so she’s living with family or friends.  She has [...]

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A Change in Your Financial Situation Does NOT Entitle you to Change the Terms of a Contract

07/29/11

Recently, I have had an influx of potential clients who believe that because their financial situation has taken a turn for the worse, their creditors are required to change the terms of the contract regarding the debt that person owes.  There is no law that I know of, other than bankruptcy, that may possibly change [...]

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140 Risky Characters You Don't Want on the Sales Force

07/29/11

Never, ever, give Twitter accounts to stockbrokers. If you give thousands of commission-based sales people access to broadcast media, someone is bound to say something stupid.

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Why Do Pundits Forget the Lender of Last Resort Function?

07/29/11

Many commentators ignore this part of the central bank's job and think any bank that gets central bank liquidity is a failed bank.

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