Wonais Law, LLC Legal Blog

Will Bankruptcy Help With Tax Debt?
Wonais Law

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…

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Discharging Student Loan Debt In Bankruptcy
Wonais Law

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…

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What Causes People To File For Bankruptcy?
Wonais Law

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…

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How To Prevent Vehicle Repossessions
Wonais Law

The thought of having your car repossessed can be overwhelming and scary. For many people, having access to a vehicle is essential for making a living or caring for family members. Unfortunately, Illinois repossession laws do little to help consumers prevent repossession or redeem their vehicles. At DebtPros, our experienced bankruptcy lawyers in Chicago will…

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Welcome to Our Blog
Wonais Law, LLC

We established this blog to share stories and information about topics relevant to our practice. Our intent is to regularly provide posts highlighting legal issues of local, state and national interest that we think you will find interesting. Check back later for updates.

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