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Bankruptcy Blog

Debt Consolidation Companies

March 3, 2011Bankruptcy, debt consolidation, debt settlementTerrance Leeders

Hi All. As I've discussed several times before, many clients come to me seeking help regarding their debts, after having tried every way to salvage their credit.

Among efforts they have tried:

- Debt Negotiation with creditors-...

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Chapter 7 Bankruptcy Meeting of Creditors

February 14, 2011chapter 7 bankruptcy 341 meeting of creditorsTerrance Leeders

Many debtors get really anxious when their bankruptcy hearing is just around the corner. Common questions I hear are:

What will they ask me?
Will all of my creditors be there?
How long will it take??
What should I bring?
What should I wear?

All...

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Stop foreclosure sales with Chapter 13 bankruptcy

January 25, 2011Bankruptcy, chapter 13, foreclosure saleTerrance Leeders

Faced with a sale date on your property? Think all is lost? It isn't! You can stop a foreclosure sale before your home is gone for good with a chapter 13 bankruptcy.

A chapter 13 can cure your mortgage default, get you a better deal on...

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Tax Refund anticipation Loan

January 20, 2011UncategorizedTerrance Leeders

There is much to say at this time of year regarding tax returns. One thing that comes up, is that many of my clients take refund anticipation loans to get their refund sooner. I've seen several commercials now on TV hyping these loans from...

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RISE

January 20, 2011UncategorizedTerrance Leeders

Here is a good foundation to support, they do some fine work.
Can you RISE to the occasion?

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Tax refunds in Illinois bankruptcy cases

December 30, 2010Bankruptcy, tax refund, trustee1 CommentTerrance Leeders

As 2010 winds to a close, we hope you are enjoying your holiday season and we wish you the best for the New Year. Tax refund time will be approaching soon, so this post includes a few tips to help your bankruptcy case go smoothly in the new...

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You’d better list all debts in your bankruptcy case……

September 24, 2009UncategorizedTerrance Leeders

A recent 7th Circuit Case In re: Smith, No. 08-3358 (9/23/09). Appeal, N.D. Ill., E. Div. Affirmed ruled that is was permissible to let 2 civil action cases continue in state court (regarding sexual assault against debtor-physician) because...

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Fixing those pesky problems on your credit report

September 1, 2009credit report errorsTerrance Leeders

Here is a frequent statement I hear from my bankruptcy clients when they review their bankruptcy petition before filing:

"That debt isn't mine."I usually reply: "But it is on your credit report"

I have heard, that over 60% of all...

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Schaumburg Illinois bankruptcy attorney

June 3, 2009Schaumburg OfficeTerrance Leeders

We are pleased to announce the opening of our new suburban office location.

Our new office is located in Schaumburg, Illinois.

1821 Walden Office Square #400, Schaumburg, Illinois...

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Car repossessed prior to chapter 13

May 28, 2009chapter 13, repossessionsTerrance Leeders

Here is a recent decision involving a case where a vehicle was repossessed prior to a chapter 13 bankruptcy. With Chapter 13 filings, the creditor must return vehicle to debtor, otherwise it is a violation of the automatic stay provisions....

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Leeders Law

2 weeks ago

Leeders Law
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

Leeders Law
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

Leeders Law
💡 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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