This is a question that comes up frequently in my practice. A person owns a closely-held business, with one or two owners, usually a Husband and Wife. They call, explaining that the business cannot pay its suppliers, lenders, landlords, lines of credit. They ask “Can
Read More
Archives for Bankruptcy Alphabet
If I file for Bankruptcy Protection, Do I have to Include all of my Debts? Yes!
One of the most common questions that people have when they are considering filing for bankruptcy is whether they have to include all of their debts in their bankruptcy case. The answer is yes, you do. I do not know why almost every client that
Read More
Sophisticated Fraud Ensnares More Unsuspecting People
A new, disturbing trend is emerging today. In 2022, the FBI reported that $10 Billion was lost to online fraud, according to CNN. It’s not just the usual types of fraud you think of, such as ransomware (where a fraudster takes over your computer and
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
Z is for Zero in the Bankruptcy Alphabet
Z is for Zero! Nothing Owed! We finally made it to the end of the bankruptcy alphabet, Z! Z stands for Zero. Zero is what you end up owing on certain of your debts in bankruptcy. If you qualify for Chapter 7 Bankruptcy, unsecured debts
Read More
Y in the Bankruptcy Alphabet— Are You Too Young to File Bankruptcy?
I have discussed bankruptcy with many clients, young and old. It is hard enough for people to come to the decision that they will file for bankruptcy protection. Harder still is the decision to file for bankruptcy when you are very young. By young, I
Read More
X – Executory Contracts and “Unexpired Leases”- in the Bankruptcy Alphabet
The letter X in the Bankruptcy Alphabet stands for Executory contracts. (I know, it’s a stretch, but how many words begin with X?). An executory contract in bankruptcy language refers to a contract that is signed, and valid, but has not been completed yet. The
Read More
W – What You Need to Bring to an Appointment with a Bankruptcy Attorney
W in the Bankruptcy Alphabet stands for What you need to bring to an appointment. This is very important. When someone calls my office to set up an appointment, I first discuss their situation generally to see if I can help that person. So, when
Read More
Bankruptcy Alphabet, V – Very Important Things to Tell your Bankruptcy Attorney
The next letter in the Bankruptcy Alphabet, V, stands for Very important things to tell your bankruptcy attorney. This may sound basic, but many people I meet with have no idea what to tell their attorney in preparation for a possible bankruptcy case. First off,
Read More
- 1
- 2
- 3
- 4
- Next Page»
