312.758.1121

MAIN OFFICE:
55 West Wacker Drive, Suite 1400
Chicago, IL 60601

Call Us Now

Bankruptcy Law

Bankruptcy Law August 24, 2019

New City of Chicago parking ticket forgiveness program is the most dramatic and positive change for Chicago area bankruptcy filers in the past 10 years

On January 1, 2019, the City of Chicago implemented a new bankruptcy parking ticket and speed camera ticket policy, called, “FRESH START,” marking the most dramatic change to benefit our bankruptcy filers in the past 10 years. The policy gives you the opportunity to discharge ALL of your parking tickets which were issued more than 3 years ago. […]

Short Sales as an Alternative to Bankruptcy

We’re now in 2018, and many properties have regained market value since the financial crisis of 2008, which caused a short sale boom.   However, in  the Chicago area, many properties continue to be underwater, meaning that their market values are less than the balance owed to the mortgage lienholders.    So, while not a […]

Bankruptcy Law August 24, 2017

A recent success with student loan bankruptcy discharge

It’s pretty well known that discharging student loans in bankruptcy is really, really tough. The standard from the bankruptcy code is that the client must have an undue hardship, meaning that the client couldn’t meet a basic standard of living if forced to repay the loans. Plus the client must have made an attempt to […]

Bankruptcy Law January 23, 2017

How will President Trump affect personal bankruptcy?

Over the past several days, many people have asked me for my opinion on how Donald Trump’s administration might affect the world of personal bankruptcy. One might assume that Trump, having utilized the bankruptcy code to his advantage on more than one occasion, would be a friend to personal bankruptcy during his presidency. This would […]

Bankruptcy Law November 9, 2016

Tenancy by the Entirety and Chapter 13 Bankruptcy

Recently, our clients, a married couple, presented me with a seemingly impossible task. The Clients were struggling under the weight of over $300,000 of credit card debt, yet, they also had over $160,000 in equity in a marital home. Due to their poor credit, the clients could not refinance or borrow against the home to […]

Bankruptcy Law November 16, 2015

Restoring credit after bankruptcy

In most cases, the ONLY disadvantage to filing for bankruptcy is the effect on credit. However, bankruptcy can actually be positive for the credit in the long term. Skeptical? Let me explain. Credit reports contain a lot of information. Most of the information, in some way, has an impact on the credit score. Some factors […]

Bankruptcy Law October 20, 2015

Slam the door on student loan collections with Chapter 13 Bankruptcy

Often, when the rate of unemployment declines, collection agencies step up their collection efforts and will begin filing more and more collection lawsuits. After all, consumers are earning more money, and creditors are going after that money. Recently we have seen a significant increase in private student loan collection cases. These private lenders are increasingly […]