bankruptcy blog -Chapter 7 and Chapter 13 news and info

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...

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...

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...

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...

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,...

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....

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,...

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

2 weeks ago

Foreclosures Rising in Chicago – Stop It Before It StartsBody:Foreclosure filings in Cook County and the Chicago area continue to climb in 2026.If you’re behind on your mortgage, facing lender pressure, or worried about losing your home in Chicago or anywhere in the suburbs — you have options.Chapter 13 bankruptcy can stop foreclosure immediately, let you catch up on missed payments over time, and keep you in your home. Chapter 7 may also help depending on your equity and situation.With the new higher Illinois exemptions in 2026, more homeowners than ever can protect their property while getting debt relief.At Leeders Law, we offer personalized, one-on-one service from our convenient office locations or phone/virtual appointments.Attorney Terry Leeders has over 28 years stopping foreclosures and helping Chicago families save their homes.Get a FREE consultation this week — in person, phone, or video. No pressure, just clear answers.Call today: (312) 346-7400Website: leederslaw.comYou don’t have to face this alone — help is local and available now.#stopforeclosure #chicagoforeclosure #Chapter13 #leederslaw #DebtHelpLearn more, Call now! ... See MoreSee Less

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Leeders Law

1 month ago

Chicago's Economy & the Rise in Consumer Bankruptcy — What's Going On?If you've been feeling financial pressure lately, you're not alone. Across the Chicago metro area — and the country as a whole — more families are struggling to keep up.A few things worth knowing:📊 Consumer bankruptcy filings rose 11% nationally in 2025, and the trend is continuing into 2026. Chicago is not immune.💳 U.S. credit card debt has hit a record $1.21 trillion — a sign that many households are borrowing just to cover everyday expenses.🏛️ Chicago's pension obligations remain a long-term pressure on city finances, which can affect services, taxes, and the broader economic climate residents depend on.The causes are real — high interest rates, lingering inflation, and stagnant wages for many workers. For some, bankruptcy isn't the end of the road. It's a legal tool designed to give people a genuine fresh start.If you or someone you know is feeling overwhelmed by debt, talking to a financial counselor or bankruptcy attorney is a smart first step — not a last resort.💬 Have you noticed the financial squeeze in your neighborhood? Share your thoughts below.#chicago #personalfinance #consumerbankruptcy #chicagoeconomy #debtrelief #FinancialWellness #illinois #leederslaw #bankruptcy ... See MoreSee Less

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Leeders Law

1 month ago

💡 Gas prices up. Grocery bills up. Utility bills up. Your paycheck? The same.If you're robbing Peter to pay Paul every month — using credit cards just to cover the basics — you're not alone. Millions of Americans are feeling the same squeeze right now.But here's what most people don't know: bankruptcy isn't failure. It's a federal legal tool designed for exactly this situation. It can:✅ Wipe out credit card debt✅ Stop collection calls immediately✅ Give you a real fresh startAt LeedersLaw, we offer FREE consultations with no pressure and no judgment. We'll tell you honestly whether bankruptcy makes sense for you — and if it does, we'll walk you through every step.You've been carrying this long enough. Le#BankruptcyHelp👇#CookCountya#debtrelief-#leederslawB#FreshStartlp #CookCounty #DebtRelief #LeedersLaw #FreshStart ... See MoreSee Less

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