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Bankruptcy Blog

Bankruptcy Filing Fee increase.

October 23, 2011UncategorizedTerrance Leeders

Effective November 1, 2011 the Bankruptcy Court Clerk has increased bankruptcy filing fees.  Chapter 7 filing fees are increasing to $306 and Chapter 13 filing fees will now be $281. For a free bankruptcy consultation in the Chicago area, feel...

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Better Business Bureau A+ Rating

August 27, 2011Better Business BureauTerrance Leeders

Great News everyone.

As you know, I always recommend consumers check out the better business bureau when investigating new companies, whether it be an chapter 7 or chapter 13 bankruptcy attorney, debt consolidation company, or...
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Strategic default on your mortgage. is a chapter 13 better?

May 24, 2011chapter 13 strip mortgage, strategic defaultTerrance Leeders

I've recently read the following article on Zillow.com's blog.http://www.zillow.com/blog/2011-04-27/the-consequences-of-walking-away/?scid=emm-052311_MayBuzzRoundup-walkaway

It does offer some useful advice, but I think a chapter 13...

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New advertising sources

May 18, 2011advertisingTerrance Leeders

Chapter 7 & Chapter 13 Bankruptcy - Free Consults

Trying this as a new advertising source to bump up exposure for our bankruptcy law firm

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Racial discrepancy in bankruptcy filers?

May 10, 2011UncategorizedTerrance Leeders

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Chicago Bankruptcy Lawyers near you

May 2, 2011office locationsTerrance Leeders

Leeders & Associates, Ltd. has several office locations to serve your needs throughout Chicago, the surrounding suburbs, and can handle cases throughout the state.   The firm focuses on consumer and...

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Chicago Bankruptcy Lawyers near you

May 2, 2011UncategorizedTerrance Leeders

Leeders & Associates, Ltd. has several office locations to serve your needs throughout Chicago, the surrounding suburbs, and can handle cases throughout the state.   The firm focuses on consumer and small business bankruptcy cases, filing...

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Documents needed for Illinois Bankruptcy filing

April 20, 2011bankruptcy filing requirements, pay advices, tax return1 CommentTerrance Leeders

In Illinois, a debtor who is filing for bankruptcy, whether it is chapter 7 or chapter 13 must provide documents to the trustee right after filing.   These documents include pay advices and income statements, as well as tax...

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Bankruptcy fraud and baseball -Lenny Dykstra

April 20, 2011bankruptcy fraudTerrance Leeders

Here is a recent story I read about bankruptcy fraud. Unfortunately, this happened to former big league star, Lenny Dykstra.  He is being accused of selling off his personal assets that were under control of his bankruptcy estate,...

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Bankruptcy – can you just amend to make the problems go away?

March 25, 2011amendments to bankruptcy petitionTerrance Leeders

The answer usually is yes... but this court decision begs to differ.As quoted in the recent 7th Circuit decision

Stamat v. Neary, No. 09-3448 (March 24, 2011) N.D. Ill., E. Div. Affirmed

The US trustee objected to discharge of...

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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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