We just passed the seven year anniversary for bankruptcy reform. It is hard to believe that October 17 made for the seventh year since reform. Most bankruptcy professionals would agree that reform has been a disaster. There is such a greater cost and ... Read full article
As per North Chicago bankruptcy attorney David Siegel, not every debt that you are going to list on a Chapter 7 bankruptcy petition is going to be dischargeable or eliminated. Now, it is true that the overwhelming majority of debts such as medical bills, ... Read full article
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 ... Read full article
Chapter 13 bankruptcy lawyer David Siegel states that Chapter 13 allows a person to reorganize their debts and pay back creditors on a monthly payment plan for a period of 3 to 5 years. During the Chapter 13 repayment plan, the person is protected by the ... Read full article
Whether you are filing a Chapter 7 or a Chapter 13 bankruptcy case in Chicago, you will have to go to at least one court date known as a 341 Meeting of Creditors. The 341 Meeting of Creditors is a meeting where the trustee will swear you when, examine ... Read full article
The bankruptcy petition is the actual document that is filed with the bankruptcy court. This petition is a document that lists the assets, liabilities and creditors for the debtor. Not only will it lose those things but it will also list a summary of a ... Read full article
1. I owe back child support. Will my bankruptcy eliminate that debt? Child support is one debt which is never dischargeable. Filing Chapter 7 will not eliminate your obligation to pay that back child support. This is absolute. 2. Are you sure that I ... Read full article
Joliet bankruptcy attorney David Siegel states that the primary question is whether or not the person should file for bankruptcy protection. Really, that’s a case by case basis which is an important decision to explore with an attorney. I think in this ... Read full article
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 ... Read full article
What should you look for in a Waukegan bankruptcy attorney? The first thing you should look for in a bankruptcy attorney is the requisite knowledge, experience and ability to handle a Chapter 7 or Chapter 13 bankruptcy case from start to finish. You ... Read full article
