Chapter 7 Bankruptcy

Serving all of Lake County and the surrounding counties, David M. Siegel & Associates Waukegan office is located at 2835 Belvidere Rd., Suite 202, Waukegan, IL  60085.  The office is generally open on Fridays and Saturdays and takes appointments during the morning hours. Many Lake County residents are seeking relief from credit cards, medical bills, [...]

The following order dismissing the involuntary chapter 11 petition against Bank of America, N.A. was entered by Bankruptcy Judge Michael Romero (Bankr. D. Colo.) shortly after 3 p.m. on Tuesday.  For background on the involuntary filing and Bank of America’s response, please read our earlier post on the case: http://blog.ch11cases.com/2011/06/34-individuals-file-pro-se-involuntary.html To view a copy of the [...]

The idea of a bankruptcy trustee is alien to most people, having never become involved in a bankruptcy.  Even those who have filed for bankruptcy personally are often unaware of the full rights and responsibilities of a trustee.  What is a trustee?  Who appoints him?  What do they do?  Is there a difference under the [...]

Chapter 13 Discharge Rare? Chapter 13 bankruptcy involves crafting a repayment plan to your creditors over a 3-5 year period. If like many chapter 13 debtors, your income is too high to qualify for chapter 7 bankruptcy, your repayment plan will take place over a 5 year period. At the end of the repayment plan, [...]

It is no secret than many Americans are one tragedy away from financial hardship in the form of accidents, the loss of a job, a divorce, or an unexpected illness.  More than half of all bankruptcies are reportedly the result of overwhelming medical expenses. Even (relatively) small medical bills can become overwhelming quickly because the [...]