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Bankruptcy Blog

D is for Discharge

June 26, 2012discharge2 CommentsTerrance Leeders

D.  Choosing which topic for D was daunting. LOL, get it, D(aunting)?  I Digress.  I could have went with Debtor, Disposable Income, Domestic Support Obligations, Debtor Education Certificates among others.  But, what do...

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C is for Conversion

June 25, 2012bankruptcy ConversionTerrance Leeders

World's most expensive movie poster seized in bankruptcy case

This is a great article about one of the most expensive and rarest movie posters of all time.  Debtor was forced to convert to chapter 7, after the court determined the...

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B is for Baseball Bankruptcy

June 22, 2012Baseball bankruptcy, chicago cubs, LA Dodgers, Texas RangersTerrance Leeders

Yes, in fact major league baseball teams have filed for bankruptcy.   Now, keep in mind, they filed under Chapter 11, a reorganization, you will not be able to take home some rare memorabilia from a fire sale.

In fact, The Chicago...

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ABC’s of Bankruptcy A is for Automatic Stay

June 22, 2012Automatic StayTerrance Leeders

Over the next few weeks, I'll be posting some useful bankruptcy information.  I'll call it the ABC's of Bankruptcy.   Some will be fun, some will be instructional, but all will be informative.

Lets get to it.
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Want to run for judge?

January 5, 2012UncategorizedTerrance Leeders

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Discharging educational debt in bankruptcy – Chicago Bankruptcy Lawyer

December 8, 2011UncategorizedTerrance Leeders

http://www.bankruptcylawnetwork.com/student-loan-debt-will-not-be-repaid/

Here is a link regarding student loan debts.   Congress has made it increasingly more difficult to discharge educational debts in bankruptcy, having changed...

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Chicago Cubs, Now the Dallas Stars file bankruptcy

November 21, 2011UncategorizedTerrance Leeders

Economy hit you hard?   Cities are filing for bankruptcy protection, big league sports teams file bankruptcy too.The Dallas Stars have filed for chapter 11 bankruptcy protection in September, 2011. - in US Bankruptcy Court in Delaware,...

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Leeders & Associates -Chicago, IL Facebook page

November 10, 2011UncategorizedTerrance Leeders

I invite you to visit our Facebook page for Leeders and Associates.Please follow the firm for useful tips, and insight into bankruptcy cases in Chicago.Thanks for stopping by.   Here is a link to the facebook page....

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Largest Municipal Bankruptcy Filing

November 10, 2011UncategorizedTerrance Leeders

In the case is In re Jefferson County,<span style="background-color: white; font-family: Verdana, Arial, Helvetica,...

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Bankruptcy Filings are down

November 2, 2011UncategorizedTerrance Leeders

OCTOBER CONSUMER BANKRUPTCY FILINGS ARE DOWN NEARLY 20 PERCENT OVER LAST YEAR

Consumer bankruptcy filings totaled 106,255 nationwide last month, down almost 20 percent over...

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Leeders Law

3 weeks ago

Leeders Law
Can Bankruptcy Actually HELP Your Credit Score?It sounds backwards, but yes, it can happen.If your credit is already being damaged by missed payments, collections, charged-off accounts, and overwhelming debt, your credit score may already be suffering significantly.Bankruptcy doesn't magically create good credit. But once eligible debts are discharged, you may have an opportunity to stop the cycle of negative activity and start rebuilding.Think about it:❌ Constant late payments❌ Maxed-out credit cards❌ Collection accounts❌ Growing balances and interestcan make it extremely difficult to move forward.After bankruptcy, the focus can shift from managing yesterday's debt to building tomorrow's credit.With responsible credit use, keeping new accounts current, and giving your credit history time to recover, your score can improve.The surprising part? For some people, their credit score may actually begin recovering relatively soon after bankruptcy—because the financial situation that was dragging their score down has changed.But bankruptcy isn't right for everyone.If you're drowning in debt and wondering:“Would bankruptcy hurt my credit—or could it actually help me get back on track?”That's a question worth having a conversation about.Leeders Law can help you understand your options, what bankruptcy could mean for your credit, and what rebuilding afterward may look like.📞 Don't guess about your financial future. Start with a conversation.#leederslaw #Bankruptcy #CreditScore #debtrelief #creditrepair #illinoislawyer #FinancialFreshStart ...

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Leeders Law

4 weeks ago

Leeders Law
Huge decision just handed down by Judge Slade. Bankruptcy Caption: In re Rose ThomasBankruptcy No: 25-01000www.ilnb.uscourts.gov/sites/ilnb/files/opinions/OpinionThomasSanctioningCityofHarveyforDischargeV...City of Harvey shut of a chapter 7 bankruptcy debtor's water, despite a bankruptcy filing, and plenty of notice. They continued to bill her despite numerous notifications of the bankruptcy discharge. They willfully ignored the advice of counsel. Debtor was without water for 273 days. They even didn't turn it back on when the Court issued a Rule to Show cause. Awarded compensatory damages for out of pocket expenses and emotional stress $41,450, punitive damages of $41,450 plus attorneys fees and costs. If you are struggling to pay utilities, bankruptcy can be a solution. Reach out to me for a free consultation about your rights. ...

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Leeders Law

4 weeks ago

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