How the Titanic can Provide a Lesson in Bankruptcy Planning and Preparation

Let Your Bankruptcy Attorney Help, They’ve Seen It All The sad story of the Titanic ocean liner has been in the news recently with the 100 year anniversary of its demise at sea and those that perished with her.  How can the sad tale of this ship provide instruction for us today when planning for [...]

How to Conduct and Analyze an Initial Client Interview

Asking The Right Questions Is Important For Bankruptcy Lawyers Meeting your potential bankruptcy client for the first time will set the tone for your entire representation. By having a well-reasoned and thorough interview form, you should be able to gain a great map for what questions you may have for this client, what chapter they [...]

The Credit Counseling Requirement in Bankruptcy

Before a case can be filed by an individual under Chapter 7 or Chapter 13, the individual must submit to a credit counseling session states Gurnee bankruptcy attorney.  A credit counseling session is a one-hour session that can be done over the telephone or online whereby a credit counselor approved by the office of the [...]

How Filing Bankruptcy Affects Utility Services

If you are currently behind on one of your utilities when you file a bankruptcy, we want to list that utility on your bankruptcy schedules, states Evanston bankruptcy attorney David Siegel.  The utility company will then get the bankruptcy notice, it will wipe out any prepetition debt and it will restore service or continue service [...]

How to Pay Off Credit Card Debt and Avoid Bankruptcy

Follow These Steps to Pay Off Your Credit Card Debt Perhaps like many Americans your New Year’s resolution involves paying down credit card debt. After all, even the most ardent supporter of the plastic hears that little voice in the back of their head “credit card interest rates are a huge ripoff, I shouldn’t use [...]

Leaving Creditors Off of Your Bankruptcy

Can I leave some creditors off of my bankruptcy? No. Any creditor whom you owe a balance to must be listed on the petition.  Does this mean you should go pay off all the credit cards that you want to keep? No. Even with a $0.00 balance the credit card companies will likely close your [...]