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10 Things to Consider when Filing Bankruptcy

YOUR FRIENDS LIE and 9 other things you should know when considering filing for bankruptcy Filing for bankruptcy is a big step and should never be taken lightly.  Regardless of what Chapter you file or which attorney you use, the list below points out 10 things you should be thinking about before,...

Disclaimer

DISCLAIMER: The information provided pertains to Chapter 7 and Chapter 13 consumer bankruptcy as it relates to this practice in Illinois. Bankruptcy law is promulgated by the federal government. Laws in Illinois are going to be similar (but not exactly the same) to laws anywhere in the country....

Using Bankruptcy As A Bargaining Tool

A law professor at the University of Illinois says that bankruptcy is the way to go when you have valuable assets to protect. While filing for bankruptcy can be very helpful when it comes to wiping out debt, it comes with serious consequences. In many cases, it is best to use bankruptcy as a...

Illinois Auto Insurance Companies Filing For Bankruptcy

Two extended auto warranty companies in St. Charles, Illinois recently filed for bankruptcy. They both filed for Chapter 11 bankruptcy protection. And they both claim to have somewhere between 50-99 creditors. Read more from bizjournals.com: Imperial Auto Protection LLC and Royal Auto...

5 Reasons People File Bankruptcy

1. Prevent foreclosure on your home Filing for bankruptcy may not make the mortgage on your property go away. However, it will help you plan how to repay the amount that you are behind on. With this, you can properly organize your funds and deal with the more important problems first. 2....

9 Steps to Chapter 7 Bankruptcy Filing

Steps To A Successful Chapter 7 Bankruptcy For those filing for Chapter 7 bankruptcy, it’s good to understand fully what the process entails. Since you are still dealing with the harassment of your creditors, the process can be quite overwhelming. With the proper information on how the process...

Aurora IL Bankruptcy Lawyer

If you are in financial distress, as many Americans are, contact a law office with over 50 years experience in Aurora IL to assist with getting you back on track. There are many things that can cause us to fall behind: a lost job, illness, death, divorce, student loans, and just hard times. So don’t...

Helpful Bankruptcy Articles and Information

Helpful Bankruptcy Articles and Information 5 Reasons People File Bankruptcy Filing for bankruptcy may not make the mortgage on your property go away. However, it will help you plan how to repay the amount that you are behind on. With this, you can properly organize your funds and deal with the...

Notice Links

Notice for Child Support for Illinois only (PDF) Notice for Child Support for all states Proper Notice of IRS (PDF) Useful Bankruptcy Links General Bankruptcy Links Related Organizations Notice Links Credit Report Links ZAP Office Directory Information Useful at Initial...

The Bankruptcy Process And What It Means To You

Understanding The Bankruptcy Process In the United States, there are two types of bankruptcy for individuals. They are Chapter 7 and Chapter 13 which are detailed in the Bankruptcy Code. When an individual declares Chapter 7 bankruptcy, which is also known as a “straight bankruptcy,” all of the...