Lately, many of my clients have been completing their Chapter 13 Bankruptcy Plans and getting Discharge Orders. This is a HUGE accomplishment! Chapter 13 is a 3 to 5 year Court-supervised plan where individuals pay their debt back in whole or in part. Creditors are
Read More
It’s Alive! Revival of Judgments in Illinois
Just when you thought that old debt was dead, old Court Judgments can come back to haunt you! Now that Courts in Illinois are up and running, debt collectors are looking for opportunities to get some “found money” from debts that are very old. The
Read More
Student Loans- Will there Be Big Changes in 2022?
During the first year of the new administration, Student Loans have been on the top of Congress’ and the White House’s minds. Here is a summary of what has happened so far, and what might be next: The Pause on payments and interest is extended
Read More
Bankruptcy Success Stories- Saving the Family Restaurant and Home
When most business owners think of Bankruptcy, they are thinking that is the option of last resort, when everything is going “down the tubes” so to speak. But, in reality, Bankruptcy offers many ways to reorganize debts and save the business. The main way that
Read More
Evictions, Foreclosures and Covid, Oh My!
The big Covid Financial news is that the US Centers for Disease Control (CDC)’s eviction moratorium ended on July 31st. The CDC moratorium became a safety net for many, and overrode many state laws. If you are a renter, and you are behind in your
Read More
Bankruptcy is Just Filling Out Some Forms, Right?
Nothing could be further from the truth! My job as a Bankruptcy Attorney is to help clients understand the process, and how to navigate all of the complexities of Bankruptcy Law. My job is also to educate the public about common misconceptions of the Bankruptcy
Read More
American Rescue Plan Act – What’s in it for YOU?
On March 11, 2021, the President signed the American Rescue Plan Act. So, you ask, how does it help me, the average consumer? Will you be rescued? Stimulus payments By now, you should have gotten $1400.00 for each adult, and each child in your house.
Read More
Third Stimulus Check—Protected from Collectors or Not?
Many of us will be getting the third “stimulus” check from the US Treasury as a part of the American Rescue Plan Act signed by the President on March 10th. People who qualify (those who earn less than $75,000.00 for singles and $150,000 for married
Read More
Is a Bankruptcy Lawyer a Financial Advisor? Yes!
Most people think that they don’t have enough money to hire a financial advisor. That’s only for rich people! In reality, there are professional financial advisors ready to help people at all income levels. For advisors that pick stocks and mutual funds, some get paid
Read More
What I do Well
What I do Well In the process of rewriting my bio for my newly redesigned website, BankruptcyLawChicago.com, I reflected on exactly what I do well as an attorney in practice for 30 years. This update reflects the philosophy behind my practice. Being a practicing attorney
Read More
