When you are thinking of filing for bankruptcy, you want to make sure that you hire a competent, skilled, experienced bankruptcy attorney who can guide you through the process. Many years back, you are able to file bankruptcy on your own if it was a ... Read full article
The Bankruptcy Process in Chicago is Different Than Other Cities Are you considering filing for bankruptcy in the Chicago area? Don’t assume that the process will be little more than filling out some boilerplate forms. Many people mistakenly believe that ... Read full article
The answer to that question is very difficult. I am often asked by clients, “Do you suggest I file?” “Would you file if you were me?” My basic rule of thumb is this if you feel that you can bail yourself out of debt within a six month time period then ... Read full article
This is something that your attorneys will do when they prepare the bankruptcy petition. Schedule B makes one list everything they have from cash on hand, checking accounts, savings accounts, household goods, clothing, cars, retirement accounts, life ... Read full article
A Chapter 7 bankruptcy case can last anywhere from three and a half to five months. It is really going to depend upon the nature of your Chapter 7 case, whether or not the trustee is extending the time to object, whether or not it’s being put over for ... Read full article
Once you hire a law firm, you are represented by that lawyer. Therefore, if any creditor calls you and bothers you, you have the right under federal law, under the Fair Debt Collection Practices Act, to let them know that you have hired an attorney, his ... Read full article
If you are experiencing serious financial difficulties in Illinois and your income is less than Illinois’ median income, then you can file a Chapter 7 bankruptcy, if you meet other minimum criteria. But if your income is greater than the State’s median ... Read full article
