Chicago Bankruptcy Lawyer

Chicago Bankruptcy Lawyer

LEEDERS LAW

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Bankruptcy

February 4, 2016amnesty program, Bankruptcy, CPL, libraryTerrance Leeders

Do you have overdue books to go along with that overdue credit card bill? Well avoid the penalties this...

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Still cannot discharge Student loans easily in bankruptcy. Supreme Court declined to hear appeal.

January 11, 2016Bankruptcy, discharge student loans, supreme courtTerrance Leeders

No progress for student loans in bankruptcy.   It's up to Congress to change the laws.

http://www.wsj.com/articles/supreme-court-denies-appeal-on-student-loan-erasure-1452527286?platform=hootsuite

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How to Know When Bankruptcy Is Right for You

August 13, 2015Bankruptcy, chapter 13, chapter 7, debt management plan, Debthelper.com, when to file bankruptcyTerrance Leeders
How to Know When Bankruptcy Is Right for You 
Before you decide to file for personal bankruptcy you should be aware that it is not necessarily the best choice for everyone. For many people, bankruptcy should be the last-case...
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Study: 1/3 of Americans don’t have anything saved for retirement

August 19, 2014Bankruptcy, debtor education, savingsTerrance Leeders

Can you believe it? 1 in 3 Americans have no savings?1 in 5 nearing retirement age have no savings either.This does not bode well, especially when they turn to the government for support.But bankruptcy can help get people back on track.There...

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10 year anniversary of Leeders & Associates Bankruptcy law firm

July 28, 2014anniversary, Bankruptcy, Leeders & AssociatesTerrance Leeders

Today is the 10th anniversary of Leeders & Associates!

In 2004 I started this firm to offer my clients more bang for their buck.  I wanted to make sure they received the best service possible, to help them on their way....

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U is for Unsecured Debt in bankruptcy

July 1, 2013Bankruptcy, chapter 7, unsecured debtsTerrance Leeders

Unsecured debt is the debt most debtors in bankruptcy are looking to discharge.  This includes credit cards, medical bills, utility bills.  It also covers repossessions, broken leases and foreclosure deficiencies.

Tax debt and child...

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S is for Setoff of bank accounts and bankruptcy

May 17, 2013bank account setoff, Bankruptcy, chapter 13, chapter 7, credit union, frozen bank account, setoffTerrance Leeders
<span style="border: 0px; font-weight: bold; margin: 0px;...
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G is for Garnishment

June 28, 2012Bankruptcy, chapter 13, chapter 7, garnishment, wage assignmentTerrance Leeders

Many people file bankruptcy because a creditor has a garnishment.A garnishment is a court order to deduct a portion of a debtor's wages to pay a creditor who sued the debtor and obtained a judgment.

Garnishments are stopped though the...

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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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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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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. ...

www.ilnb.uscourts.gov

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Leeders Law

4 weeks ago

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