Does Bankruptcy Help With Foreclosure?
Your Chicago Bankruptcy Lawyer If you have fallen behind on your mortgage payments, chances are the mortgage company will attempt to foreclose on your property. Facing foreclosure can be extremely stressful, especially if the property being foreclosed on is your primary residence. Luckily, filing for bankruptcy can help alleviate this stress. Bankruptcy will stop the […]
Reasons To File Chapter 13 Bankruptcy
Chicago Bankruptcy Lawyer Filing for bankruptcy can be scary and is never an easy decision to make. Unforeseen things happen in life causing people to fall behind on bills and payments. If you are overwhelmed with debt or facing financial difficulties, we are here to help. The Bankruptcy Code was enacted to help people in […]
Chapter 7 Bankruptcy: An Overview
If you are facing financial difficulties and struggling to make ends meet, filing for bankruptcy may be your best option to help you get back on your feet and eliminate your debt. Chapter 7 bankruptcy is the most common type of bankruptcy that allows you to discharge your unsecured debt, such as credit card debt and medical […]
Will Bankruptcy Help With Tax Debt?
The Internal Revenue Service (“IRS”) is the largest creditor in the country. When owed income tax debt, the IRS can be especially aggressive in its collection efforts and have a variety of ways of collecting. Although the IRS offers debt settlements and repayment plans, many of these options are economically unfeasible, forcing many to turn […]
Discharging Student Loan Debt In Bankruptcy
If you are drowning in student loan debt or struggling to repay your loans, filing for bankruptcy may now be a viable option for you. Recently the Justice Department (“DOJ”) and Department of Education announced new guidelines making it easier for debtors to discharge student loans in bankruptcy. This is an exciting development for people with student […]