Archives for October 2014

Bankruptcy Case Study For Darius From Chicago

Case Set-Up This is the bankruptcy case study for Darius from Chicago, Illinois who was in my office to determine whether or not chapter 7 or chapter 13 will help him. He currently resides in Chicago and he has a spouse who will not be filing with him. He has filed a chapter 13 bankruptcy in the past which was not successful. In terms of real estate, he owns a single-family home which he wishes to surrender. The house is worth $150,000 and he owes $210,000 on the home. He has not made a mortgage payment in several months and realizes that the best thing to do would be to let the house go into foreclosure and eliminate that debt through bankruptcy. In terms of vehicles, he has a 2013 Chevy + Read More

Can I Switch Bankruptcy Attorneys After My Case Is Filed?

You always have the ability to switch bankruptcy attorneys if you are not satisfied with your current attorney. Depending upon which type of bankruptcy case you have filed will determine whether or not it makes good sense to make the switch. For example, if you have already filed a chapter 7, fresh start bankruptcy, then there probably is not going to be a significant benefit to switching attorneys. First, you've already paid your first attorney and you have to pay a second attorney to jump in on your existing chapter 7 case. Second, absent an adversarial complaint, there should be nothing that the first attorney can't take care of under the original contract with him or her. Switching + Read More

Joliet Bankruptcy Lawyer States “You Need Not Struggle Anymore”

According to Joliet Bankruptcy Lawyer, David Siegel, Joliet has always been a tough, blue-collar, hard-working town in Will County, Illinois. When times are tough in the state of Illinois, they are especially tough in Joliet. And times have been really tough lately. The housing market has not recovered in this area. The job market certainly has not recovered in this area. People are paying more for food, clothing, gas and they are taking home less. This type of climate leads one to explore other avenues of credit. These include credit cards, payday loans, title loans, unsecured loans and borrowing from friends and family. What we are looking at is a perfect storm leading to + Read More