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Search by tag: chapter-13-bankruptcy

Bankruptcy Law April 16, 2020

Illinois suspends wage garnishments & bank account freezes.

On April 14, 2020, by executive order, Governor Pritzker temporarily suspended all consumer creditor judgment collection practices. The suspension is for the duration of the shelter- at-home order which is currently running through April 30, 2020, but we expect that it will be extended into May. We applaud the Governor for taking this action to […]

Bankruptcy Law April 15, 2020

Social distancing has made the bankruptcy process easier than ever.

As COVID-19 continues its devastating impact in America, like you, I am mourning the incredible loss of human life and thinking about those of us who have lost jobs and are struggling financially. Psychologically, we can only take so much bad news, and it can be helpful in this difficult time to think about some […]

Bankruptcy Law October 10, 2018

Student Loan Companies try to take advantage of Chapter 13 Clients by cancelling income based repayment plans. We won’t let them.

Chapter 13 Bankruptcy clients who are in the income based repayment (“IBR”) program for their student loans are at risk of having those plans cancelled by the lenders during their Chapter 13 cases.   What this means is that upon filing the Chapter 13, the lender will place the loan into a forbearance status, continuing […]