As a Roselle bankruptcy attorney, I am often asked about the automatic stay. The automatic stay in a bankruptcy case is what gives the bankruptcy law an opportunity for the debtor to be protected from all creditors pursuing them by suing the debtor for debts that the person has occurred and owed to the creditor. [...]
Filing Bankruptcy in Illinois: What You Need to Know
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The Bankruptcy Process in Chicago is Different Than Other Cities Are you considering filing for bankruptcy in the Chicago area? Don’t assume that the process will be little more than filling out some boilerplate forms. Many people mistakenly believe that filing for bankruptcy is the same throughout the country. While there is uniformity to the [...]
Capital One Leads New CFPB List of Credit Card Complaints
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The Consumer Financial Protection Bureau has recently implemented a very user friendly database to show consumers which credit card companies have the most complaints filed against them. Although the database was just put into place on the web, and is still apparently in beta format, it is interesting to see how many claims have come [...]
What is the Fastest Way to Get Out of Debt?
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How Can I Get Out of Debt Fast? The fastest way to get out of debt is to send a check for the full balance of what you owe or negotiate a reduced payoff. If you’re reading this article though, chances are that probably isn’t an option. The next fastest way to get out of debt [...]
Can Bankruptcy Help? Don’t Ask Google, Ask a Lawyer!
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Can Bankruptcy Help? Good question, with no easy pre-packaged answer. If you’re struggling with debt and looking for a way out, it’s in your best interest to at least talk to a professional. There are simply too many variables involved with the “can bankruptcy help?” question to get competent advice from the internet. With sites [...]
Bankruptcy Vehicle Exemption in California
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Bankruptcy Vehicle Exemption in California California bankruptcy filers must choose the California exemptions, since California is among the states that have opted out of the Federal exemption. California has two sets of exemptions: the California exemptions and California’s Federal-like exemptions, which for the most part are the same as the Federal exemptions. Each set of [...]
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