» For Debtors

Many individuals are still financially struggling to recover from what has been described as one of the worst economic climates since the great depression of the 1930s. In this current era of financial hardship, Chapter 7 Bankruptcy is seen as an alt… Read More

If you are thinking about filing for Bankruptcy, it is important to note that there is a credit counseling requirement that must be met. In accordance with Section 109(h)(1) of the Bankruptcy code, credit counseling must be completed with a non-profi… Read More

On June 5, 2013, the Chicago City Council passed the Protecting Tenants in Foreclosed Rental Property Ordinance, otherwise known as the “Keep Chicago Renting Ordinance” with a 45-4 vote. The ordinance went into effect on September 24, 2013. The o… Read More

Most individuals have heard or read about Chapters 7, 11, or 13 Bankruptcy. With big cities such as Detroit filing Bankruptcy, Chapter 9 Bankruptcy (municipality restructuring) has become a more mainstream term. Chapter 12 Bankruptcy also exists, but… Read More

In a recently issued order, Judge Pamela S. Hollis, of the Bankruptcy Court in Chicago, ruled that individuals in Chapter 13 bankruptcy cases can make 401(k) contributions while making payments to creditors under a debt repayment plan. The order, whi… Read More

Bankruptcy has many misconceived stigmas to it. Frankly, there is a lot of misinformation out there, and much of the stereotypes regarding bankruptcy are just not true. With just over one million people declaring bankruptcy as of the 12 month period… Read More

The decision to file bankruptcy is a difficult one for most people, and it requires disclosure of a tremendous amount of information. The temptation can be great to hold back in some areas, just to feel like one is retaining a little bit of control.… Read More