News

North Chicago Bankruptcy Attorney Talks About Non-Dischargeable Debts

05/01/2014 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, ...[more]

Palatine Bankruptcy Lawyer Discusses Chapter 13 Filing Requirements

05/01/2014 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 ...[more]

Plainfield Bankruptcy Lawyer On Pre-Filing Requirements

05/01/2014  According to Plainfield bankruptcy lawyer David Siegel, prior to filing your Chapter 7 or a Chapter 13 bankruptcy, there are several things that the person must do.  The first thing the person must do is give their attorney a statement of income through ...[more]

Round Lake Bankruptcy Attorney Addresses The Post-Filing Requirement

05/01/2014 Round Lake bankruptcy attorney David Siegel states that in addition to pre-filing requirements, there are also post-filing requirements.  One requirement is that the debtor must take a second credit counseling class which is called the personal financial ...[more]

Round Lake Beach Bankruptcy Lawyer Handles Chapter 13

05/01/2014 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 ...[more]

When You Need A Waukegan Bankruptcy Attorney

05/01/2014 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 ...[more]

Bankruptcy Reform Passes Seven Year Milestone

05/01/2014 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 ...[more]

Joliet Bankruptcy Attorney David Siegel Answers 2 Common Questions

05/01/2014 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 ...[more]

The Bankruptcy Court Date Per Chicago Bankruptcy Attorney David Siegel

05/01/2014 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 ...[more]

What Is The Bankruptcy Petition?

05/01/2014  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 ...[more]

Chicago Bankruptcy Attorney Answers 5 Typical Questions

05/01/2014 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 ...[more]

Chicago Bankruptcy Attorney David Siegel Discusses Pre-Filing Requirements

05/01/2014 According to Chicago bankruptcy attorney David Siegel, there are several pre-filing requirements that must be satisfied.  For example, before a case can be filed under Chapter 7 in the United States Bankruptcy Code, the debtor must submit to a credit ...[more]

Mundelein Bankruptcy Lawyer On The Meeting Of Creditors

05/01/2014 According to Mundelein bankruptcy lawyer David Siegel, the meeting of creditors is a meeting between the trustee, the debtor that has filed the bankruptcy case and any creditors that decide to show up for this meeting.  At this meeting the debtor will be ...[more]

Palatine Bankruptcy Attorney Describes Post-Filing Bankruptcy Requirements

05/01/2014 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 ...[more]

Chicago Bankruptcy Attorney David Siegel Discusses Pre-Filing Requirements

05/16/2013 According to Chicago bankruptcy attorney David Siegel, there are several pre-filing requirements that must be satisfied.  For example, before a case can be filed under Chapter 7 in the United States Bankruptcy Code, the debtor must submit to a credit ...[more]

Chicago Bankruptcy Attorney Discusses Getting Credit After Filing Bankruptcy

05/16/2013 Many people wonder whether or not there will be able to receive credit after filing a bankruptcy and receiving a discharge.  The answer to this question is yes, a person will be able to receive credit after filing a bankruptcy and receiving a discharge.  ...[more]

Mundelein Bankruptcy Lawyer On The Meeting Of Creditors

05/16/2013 According to Mundelein bankruptcy lawyer David Siegel, the meeting of creditors is a meeting between the trustee, the debtor that has filed the bankruptcy case and any creditors that decide to show up for this meeting.  At this meeting the debtor will be ...[more]

Plainfield Bankruptcy Lawyer On Pre-Filing Requirements

05/16/2013  According to Plainfield bankruptcy lawyer David Siegel, prior to filing your Chapter 7 or a Chapter 13 bankruptcy, there are several things that the person must do.  The first thing the person must do is give their attorney a statement of income through ...[more]