I have had bankruptcy clients who have been overly concerned with their credit score before, during, and after they have filed for bankruptcy. The credit industry, including the credit bureaus and the credit protectors, have done a great job of marketing to Americans the importance of having a good credit score. What they fail to […]
I know it’s tempting to utilize the value of your car to obtain money. I also know you’re inundated with TV commercials, radio commercials, signs on the expressway and stores popping up in your local neighborhood offering you money for your title. I also know that desperate times often lead to desperate measures. The problem […]
If you want to get the best result for your bankruptcy case, then you need to listen really closely to your bankruptcy attorney when he’s giving out his advice. If you fail to follow the advice, you may find yourself owing people money after your bankruptcy case is over. The most common example of this […]
Filing Bankruptcy with too much property? If you or someone you know is thinking of filing bankruptcy, the value of the property that one has must be ascertained. If you have very little property and if the market value is low, you will more likely than not be eligible for a chapter 7 fresh start […]
There is a common thread among potential bankruptcy clients who call seeking bankruptcy relief. They are most concerned about the cost involved in filing for bankruptcy and getting out of debt. I’m not referring to the court costs. Most potential clients are aware of the court cost because they have been asking this question over […]
Timing is critical when filing a chapter 7 bankruptcy case. If you are wise, you can get out of debt and still be able to protect your much needed tax refund. The key is to file either several months before or several months after your tax refund is either expected or received. The problem is […]
This is a true story that happened last week for one of my chapter 13 bankruptcy clients. The client received a notice from the Illinois Secretary of State that his driver’s license was going to be suspended for failure to pay parking tickets by a specific date. He sought my advice on chapter 13 bankruptcy […]
If you are thinking of filing bankruptcy without an attorney, please be aware of the following: the bankruptcy clerk and the bankruptcy judges are going to hold you to the same standard as that of an attorney. This means that you must comply with all of the filing regulations as well as courtroom standing orders […]
I want to take a moment and thank all of the people that helped make 2014 such an exceptional year. I have had the privilege and the blessing to work with some truly dedicated people this year. People who really chose to put the client first in every regard. We were able to recover hundreds […]
When it comes down to consumer bankruptcy, the official forms do a pretty good job of setting forth the facts of the case, the assets involved in the case, the liabilities in the case, and the debtor’s statement of financial affairs. However, there is a very important document that is missing from the official forms, […]