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LEEDERS LAW

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Bankruptcy Blog

“Your guide to the law” from the Chicago Bar Association

June 7, 2007UncategorizedTerrance Leeders

Here is a posting that I came across for a free legal guide.

Note, that it is always wise to talk to a lawyer to get exact advice based on your unique position.

I offer free bankruptcy consultations, so pick up the phone and...

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Student Loans – Mostly Nondischargable

May 7, 2007chapter 7, student loans, undue hardship1 CommentTerrance Leeders

as printed in the Sun Times:

Students and loans: 'Til death do us part

May 6, 2007

BY DAVE NEWBART Staff Reporter dnewbart@suntimes.com

They liken it to a financial death sentence.

They can't get a car loan,...

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Arlington Heights, Illinois Law Office

April 25, 2007agent, Divorce and Real Estate, mortgage broker, real estate brokerTerrance Leeders

Greetings. I just wanted to announce that we are now open for business in Arlington Heights, IL. We have a part time weekend office at

Arlington Heights Rd. Ste. 113 Arlington Heights, IL 60005 Map and driving directions

We...

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Save Money on Gas

April 19, 2007avoid Bankruptcy, save money on gasTerrance Leeders

I am here to provide useful tips and tricks to help my clients, and those who can take certain steps to help avoid bankruptcy.

Top 10 Fuel Saving TipsFrom Aaron Gold,Your Guide to Cars.(as posted on...

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PMSI does not transfer When Original Security Interest Is Terminated and collateral is used for New Financingt by a new debtor

April 5, 2007lien, PMSI, purchase money security interest, security interestTerrance Leeders

"A Purchase Money Security Interest Is Not Refinanced When the Original Security Interest Is Terminated and New Financing Is Used By a New Debtor to Acquire the Same Collateral"

The case of Lewiston State Bank v. Greenline Equipment,...

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Save some money!

March 30, 2007budget, spendingTerrance Leeders

As a bankruptcy attorney in Chicago, I see many different people come through my office. It amazes me on the amount of money people spend on a day to day basis. Routinely people put down that they spend $500 a month on food, then make a...

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Must I list all of my debts in bankruptcy?

March 27, 2007amendment, bankruptcy fraud, bapcpa, chapter 7, reaffirmation agreementTerrance Leeders

Recently, I received an email asking about filing a chapter 7 bankruptcy The writer asks:

"Do I choose which debts I want to include in my bankruptcy or does the trustee do this? I have a bank loan for my truck which I pay on time and...

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Can a spouse file an individual bankruptcy?

March 21, 2007chapter 13, chapter 7, CMI, joint filing with spouse, means testTerrance Leeders

I received an email today from a prospective client asking if a spouse could file bankruptcy without her spouse. Excellent question.

Although both spouses are not required to file bankruptcy jointly, the Bankruptcy Code does require...

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Substantial Abuse, Bankruptcy Planning & Chapter 7 bankruptcy

March 20, 2007Bankruptcy, bapcpa, case law, chapter 7, substantial abuseTerrance Leeders

What does one have to do, or in this case from Wisconsin, NOT DO, to create substantial abuse ?

RECENT CASES: Feb. 6. 2007

Chapter 7 Debtor who fails to aggressively seek out work before the case is subject to dismissal based on...

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Surrender Vehicle in Chapter 13 – Creditor allowed an unsecured deficiency balance

March 19, 2007Bankruptcy, chapter 13, chapter 13 plan, Judge Schmetterer, Judge Squires, surrendered vehicleTerrance Leeders

Northern District of Illinois - Eastern Division Chicago Bankruptcy Judge Squires recently ruled in the chapter 13 case of Linda J. Blanco, 06B 13223, where debtor tried to surrender a vehicle in full satisfaction of the claim owed. Judge...

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Leeders Law

3 weeks ago

Leeders Law
Illinois Bankruptcy exemptions have increased!! Reach out for a free bankruptcy exemption review. 312-346-7400 ... See MoreSee Less

New Illinois Bankruptcy Exemptions for 2026 - Chicago Bankruptcy Lawyer

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Illinois Bankruptcy exemptions are changing effective January 1, 2026. Free bankruptcy exemption review by Leeders Law.
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Leeders Law

7 months ago

Leeders Law
🍔💸 Is Fast Food Eating Up Your Budget? 💸🍟Grabbing a quick bite at your favorite fast food spot might seem harmless — but those small purchases can add up fast. $10 here, $15 there… and before you know it, you’ve spent hundreds each month without realizing it.Over time, overspending on convenience can contribute to credit card debt, missed bills, and even bankruptcy.At Leeders Law, we’ve seen how daily financial habits — even the little ones — can have big consequences. If you're struggling with debt and unsure where to turn, you’re not alone. We’re here to help you get back on track and regain control of your financial future. ⚖️💼📞 Contact us today for a free consultation. Let’s talk about options like Chapter 7 or chapter 13 bankruptcy and how we can help you build a path to financial stability.#leederslaw #bankruptcyhelp #ChicagoLawyer #FinancialWellness #debtrelief #chapter13 #Chapter7 #moneytips ... See MoreSee Less

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Leeders Law

7 months ago

Leeders Law
Student loan payments are back, and for many, it feels like there’s no way out. If you're juggling credit cards, rent, medical bills and student debt—it's overwhelming.At Leeders Law, we help people just like you explore real options for debt relief through bankruptcy.Here’s what you need to know:✅ While most student loans can’t be wiped out in bankruptcy, other debts can—like credit cards, personal loans, and medical bills.✅ By clearing those debts through Chapter 7 or Chapter 13 bankruptcy, you may finally have the breathing room to manage student loans and rebuild.✅ We're not here to judge—we’re here to help.Whether you're fresh out of school or still trying to catch up, it’s time to take control of your future.📞 Free Consultation – No pressure, just honest answers💻 LeedersLaw.com📬 Send us a message anytimeLeeders Law – Guiding you from overwhelmed to empowered.#StudentDebtRelief #BankruptcyHelp #LeedersLaw #Chapter7 #Chapter13 #FreshStart #DebtFreeJourney #StudentLoans #YoungAndInDebt ... See MoreSee Less

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