Your Chicago Bankruptcy Lawyer The city of Chicago desperately needs revenue to balance its budget. One of the ways it does this is by aggressively issuing citations for parking, redlight, and other camera violations. In fact, the city of Chicago issues over 1 million parking tickets in the first half of 2022. Our bankruptcy lawyers…
Continue reading ›Your Chicago Bankruptcy Lawyer Having your wages garnished by a creditor can have a crippling effect on your financial wellbeing. Creditors can garnish your wages after filing a lawsuit against you, obtaining a judgement, and issuing a citation to discover assets. The court will then compel your employer to withhold a certain amount of money…
Continue reading ›Chicago Bankruptcy Lawyer Facing financial difficulties can be overwhelming and stressful. Filing for bankruptcy is an option for you to get back on your feet and eliminate your debt. Not only does filing bankruptcy help eliminate your debt, but it also gives you much-needed breathing room from your creditors. Consumers can either file a Chapter…
Continue reading ›Your Chicago Bankruptcy Lawyer If you have fallen behind on your mortgage payments, chances are the mortgage company will attempt to foreclose on your property. Facing foreclosure can be extremely stressful, especially if the property being foreclosed on is your primary residence. Luckily, filing for bankruptcy can help alleviate this stress. Bankruptcy will stop the…
Continue reading ›Chicago Bankruptcy Lawyer Filing for bankruptcy can be scary and is never an easy decision to make. Unforeseen things happen in life causing people to fall behind on bills and payments. If you are overwhelmed with debt or facing financial difficulties, we are here to help. The Bankruptcy Code was enacted to help people in…
Continue reading ›If you are facing financial difficulties and struggling to make ends meet, filing for bankruptcy may be your best option to help you get back on your feet and eliminate your debt. Chapter 7 bankruptcy is the most common type of bankruptcy that allows you to discharge your unsecured debt, such as credit card debt…
Continue reading ›The Internal Revenue Service (“IRS”) is the largest creditor in the country. When owed income tax debt, the IRS can be especially aggressive in its collection efforts and have a variety of ways of collecting. Although the IRS offers debt settlements and repayment plans, many of these options are economically unfeasible, forcing many to turn…
Continue reading ›If you are drowning in student loan debt or struggling to repay your loans, filing for bankruptcy may now be a viable option for you. Recently the Justice Department (“DOJ”) and Department of Education announced new guidelines making it easier for debtors to discharge student loans in bankruptcy. This is an exciting development for people…
Continue reading ›Due to the pandemic and rise in unemployment rates, especially in Illinois, many people are struggling to make ends meet. Unfortunately, very few creditors are willing to work with debtors to help repay the debt owed to them or offer reasonable, affordable payment plans. Consequently, many people turn to bankruptcy for financial relief. Chapter 7…
Continue reading ›If you have decided to file for Chapter 7 or Chapter 13 bankruptcy, you will be required to attend a meeting after your case is filed. This mandatory meeting is called a 341 meeting, or a meeting of creditors, which is required under section 341 of the U.S. Bankruptcy Code. There is no need to…
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