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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

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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