chapter 13 Archives - Chicago Bankruptcy Lawyer

Leeders Law – Your Trusted Bankruptcy Attorneys in Bronzeville- Act Now

Terrance Leeders — Fri, 13 Oct 2023 15:32:30 +0000

Leeders Law – Your Trusted Bankruptcy Attorneys in Bronzeville

Welcome to Leeders Law, your dedicated bankruptcy law firm serving the Bronzeville community and beyond. We understand that financial difficulties can take a heavy toll on your life, causing stress, sleepless nights, and uncertainty about your future. If you’re facing insurmountable debt, we’re here to help you find a way out and towards a fresh start.

Our experienced bankruptcy attorneys are committed to providing personalized solutions to individuals and families in Bronzeville who are seeking relief from financial burdens. We specialize in Chapter 7 and Chapter 13 bankruptcy, and our focus is on helping you regain your financial stability. Read on to discover how Leeders Law can guide you on your journey to financial recovery.

Why Choose Leeders Law in Bronzeville?

Local Experience: We are a part of the Bronzeville community, and we understand the unique financial challenges that residents face. Our attorneys have in-depth knowledge of the local legal landscape and are committed to helping our neighbors.
Bankruptcy Specialists: Our team is well-versed in bankruptcy law, ensuring you receive accurate and up-to-date advice. We stay current with changes in bankruptcy law to provide the best solutions for your financial situation. Bankruptcy Law is what we do.
Personalized Approach: We recognize that everyone’s financial situation is unique. Our attorneys work closely with you to create a customized strategy that aligns with your specific needs and goals.
Comprehensive Evaluation: We begin every client relationship with a thorough examination of your financial situation. This allows us to provide a clear roadmap for your bankruptcy proceedings, ensuring no detail is overlooked.
Supportive Guidance: We understand that the decision to file for bankruptcy is a significant one. Our team is here to provide not only legal expertise but also emotional support throughout the process.

Our Bankruptcy Services in Bronzeville Include:

Chapter 7 Bankruptcy: This option allows individuals to seek a fresh start by discharging unsecured debts.
Chapter 13 Bankruptcy: A reorganization option for those who want to create a manageable repayment plan while retaining their assets.
Debt Counseling: Gain financial education and counseling to make informed decisions regarding your financial future.
Asset Protection: We offer strategies to help protect valuable assets and make the most of your bankruptcy filing.

Contact Leeders Law in Bronzeville – FREE BANKRUPTCY CONSULTATION

Your path to financial freedom begins with a conversation. Reach out to Leeders Law for a consultation, and let us help you find relief from the financial pressures that have been holding you back.

Phone: 312-346-7400

Email: info@leederslaw.com

Office Hours: Monday to Friday: 9:00 AM – 5:00 PM

Online Consultations Available

Don’t let financial stress control your life. Take the first step towards a fresh start. Contact Leeders Law in Bronzeville, IL, and let us help you regain control of your financial future. We are here for you, every step of the way. Use Leeders Law – Your Trusted Bankruptcy Attorneys in Bronzeville #BronzevilleBankruptcy #FinancialRelief

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You will not get your car back by filing chapter 13 bankruptcy if the City seized your vehicle for unpaid tickets

Terrance Leeders — Tue, 21 Mar 2017 18:56:00 +0000

Bad news for debtors.

A recent ruling by Judge Cassling in Chicago, clarifies provisions of the automatic stay in regards to returns of vehicles that were taken pre-bankruptcy filing.

Bankruptcy Caption: In re Bianca L. Avila
Bankruptcy No: 17 B 00870

In this case, the city of Chicago seized the debtor’s vehicle prior to her filing a chapter 13 bankruptcy case. She sought to have the court order the creditor to return the vehicle because of her chapter 13 bankruptcy case.

Judge Cassling ruled that the exception to the automatic stay carved out by 11 U.S.C. § 362(b)(3), which reads “does not operate as a stay—under subsection (a) of this section, of any act to perfect, or to maintain or continue the perfection of, an interest in property to the extent that the trustee’s rights and powers are subject to such perfection under section 546(b) of this title….”

Therefore, since the city has a possessory lien on the vehicle which was perfected when they seized the vehicle, they are allowed to retain that lien and not be in violation of the automatic stay.

This differs from case law that requires a secured creditor, such as a car finance company, since their lien was not statutory, merely consensual (thru contract recorded against the title) to give back a vehicle upon filing of the chapter 13 bankruptcy.

The post You will not get your car back by filing chapter 13 bankruptcy if the City seized your vehicle for unpaid tickets appeared first on Chicago Bankruptcy Lawyer.

Burr Ridge Bankruptcy lawyer new office location – free consultation for chapter 7 and chapter 13 bankruptcy

Terrance Leeders — Wed, 07 Sep 2016 18:45:00 +0000

I am now scheduling appointments for people looking to file chapter 7 or chapter 13 bankruptcy at our newest location in Burr Ridge, IL , serving the Western and Southwestern suburbs and South part of Chicago.

Burr Ridge
1333 Burr Ridge Parkway, Suite 200
Burr Ridge, IL 60527

We are located in the Chicago suburbs with easy access from I-55, I-355, and I-294 about 20 miles from Downtown Chicago

Office hours are by appointment. Feel free to call me for a free mini phone consult regarding bankruptcy at 312-346-7400.

Schedule a free consultation with a bankruptcy lawyer at our Burr Ridge office or any of our other locations today to discuss Chapter 7 and Chapter 13 Bankruptcy.

The post Burr Ridge Bankruptcy lawyer new office location – free consultation for chapter 7 and chapter 13 bankruptcy appeared first on Chicago Bankruptcy Lawyer.

Orland Park Bankruptcy lawyer – new office, free consultations

Terrance Leeders — Wed, 07 Sep 2016 18:32:00 +0000

I am now scheduling appointments for people looking to file bankruptcy at our newest location in Orland Park, serving the South and Southwestern suburbs and South part of Chicago.

Orland Park
15255 S 94th Avenue, 5th Floor
Orland Park, IL 60462

We are located in the Chicago suburbs, about 25 miles from Downtown Chicago in the I-80 corridor.
We are easily accessible from I-55, I-294, I-80, I-57, and I-355. Our building is the tallest in the south suburbs, so it is easy to find!

Office hours are by appointment. Feel free to call me for a free mini phone consult regarding bankruptcy at 312-346-7400.

Schedule a free consultation with a bankruptcy lawyer at our Orland Park office or any of our other locations, today to discuss Chapter 7 and Chapter 13 Bankruptcy.

The post Orland Park Bankruptcy lawyer – new office, free consultations appeared first on Chicago Bankruptcy Lawyer.

Get your car back if it was repossessed, or booted or towed for tickets

Terrance Leeders — Wed, 31 Aug 2016 17:19:00 +0000

Did you know?

In Chicago, I can get a car back by filing a chapter 13 bankruptcy case. If it was taken by your lender or if the city took it for too many unpaid parking tickets, I can help.

Chapter 13 is a repayment plan. You can pay back a portion of your debts (based on your income and assets) over a 3-5 year time frame. You are able to get your vehicle back if a chapter 13 is filed quick enough, Usually it must be filed within 21 days of the vehicle being taken.

Work on your budget, it is the most important thing you can do to make your chapter 13 successful.

Contact me and I can assist!

The post Get your car back if it was repossessed, or booted or towed for tickets appeared first on Chicago Bankruptcy Lawyer.

high income broke debtors… recent trends in bankruptcy

Terrance Leeders — Tue, 10 Nov 2015 19:08:00 +0000

http://qz.com/520414/the-high-earning-poor/

Do you earn a decent salary, but live paycheck-to-paycheck? If so, you are part of a growing segment of the American population: the income rich-ish…

The post high income broke debtors… recent trends in bankruptcy appeared first on Chicago Bankruptcy Lawyer.

Does Wells Fargo owe you money?

Terrance Leeders — Fri, 06 Nov 2015 17:22:00 +0000

Chapter 13 Bankruptcy Debtors who had mortgage loans with Wells Fargo may be getting some compensation for violations that occurred from 2011 to 2015.

By Suzanne Barlyn

(Reuters) – Wells Fargo & Co will pay $81.6 million to homeowners for denying them a chance to challenge mortgage payment increases imposed during their bankruptcy proceedings, the U.S. Justice Department said on Thursday.

Wells violated a 2011 U.S. bankruptcy law by failing to send a type of legal notice about homeowners’ mortgage payment increases to bankruptcy courts. The law requires the notice to include disclosures to ensure that fees and charges by banks to homeowners in bankruptcy proceedings are accurate, the Justice Department said. Read more at:

https://en-maktoob.news.yahoo.com/wells-fargo-pay-81-6-million-bankrupt-u-172552270–sector.html

The post Does Wells Fargo owe you money? appeared first on Chicago Bankruptcy Lawyer.

How to Know When Bankruptcy Is Right for You

Terrance Leeders — Thu, 13 Aug 2015 19:45:00 +0000

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 scenario only after they have weighed all of their options and determined that they can’t remedy their financial woes.

Ultimately, the decision to file for bankruptcy should be made between you and an experienced bankruptcy attorney. However, there are other methods of determining whether you can get the help you need before consulting with a lawyer and we will outline some of them here.

Are You Eligible for a Debt Management Plan?

Most people who are financially distressed look to bankruptcy to alleviate them from credit card debt and help them get a new start. Before signing the bankruptcy paperwork, sometimes a debt management plancan help you to reduce your monthly payments, lower interest rates, stop late fees and collection calls and ultimately put you on a path to avoiding bankruptcy.

If you have not already, see if you are eligible for a debt management plan before deciding it’s time to throw in your chips.

Determine if Bankruptcy will Actually Help You

In some cases, bankruptcy will not actually alleviate you of all your debts. Certain types of unavoidable debts, called priority obligations, may not be wiped out in bankruptcy.

You have to consider what you are trying to accomplish by filing for bankruptcy and find out if Chapter 7 or 13 will remedy you of your concerns. As bankruptcy can be complicated, it’s best to consult with an attorney to address what you are hoping to achieve by filing and if there are other options.

Do You Qualify for Bankruptcy?

Personal bankruptcy, Chapters 7 and 13, have certain eligibility requirements. For instance, if you are going to file for Chapter 7, you’ll have to have a low enough income. For Chapter 13, your debts can’t exceed a certain limit.

Not everyone qualifies for bankruptcy and debtors’ cases can be dismissed if they don’t comply with the courts requirements. For this reason individuals are discouraged from filing without the help of a bankruptcy professional or bankruptcy attorney; there are simply too many laws and policies that can be missed that may result in the dismissal of your case or worse, fraud which results in fines or criminal charges.

Is it Time to File for Bankruptcy?

If you are looking for the answer of whether or not you should file for bankruptcy, you should start by asking yourself the above questions. If you find that you can’t afford a debt management plan, are unemployed and have no way to pay off any kind of debt, your best bet may be to consult with a bankruptcy attorney.

Ultimately a bankruptcy attorney will be able to help you explore your options and help you get through what is undoubtedly a stressful and challenging time in your life.

Author Byline:

Debthelper.com is an IRS Approved 501c3 Non-Profit Florida Corporation dedicated to our mission to educate, advise and empower youth to seniors to handle debt, credit and housing and to provide affordable housing opportunities through the acquisition and rehabilitation of residential properties.

The post How to Know When Bankruptcy Is Right for You appeared first on Chicago Bankruptcy Lawyer.

Payday loans – stop wage assignments

Terrance Leeders — Wed, 23 Jul 2014 21:31:00 +0000

Did you know that a Chapter 7 or Chapter 13 can stop a wage assignment?
Did you know that I, as your bankruptcy attorney can stop a wage assignment even without filing your case?
Credit unions, payday loans, and internet loans to name a few, often make debtors sign voluntary wage assignments so that they can take money from the consumers’ paycheck in the event they fail to make the installment payments.

I can stop this!
It’s true!

Pursuant to the Federal Trade Commission Trade Regulation Rules 16 CFR (I)(D) 444.2. The FTC Trade Regulation, in relevant part provides that:

In connection with the extension of credit to consumers in or affecting commerce, as commerce is defined in the Federal Trade Commission Act, it is an unfair act or practice within the meaning of Section 5 of that Act for a lender or retail installment seller directly or indirectly to take or receive from a consumer an obligation that:

(3) Constitutes or contains an assignment of wages or other earnings unless:

(i) The assignment by its terms is revocable at the will of the debtor, or

(ii) The assignment is a payroll deduction plan or preauthorized payment plan, commencing at the time of the transaction, in which the consumer authorizes a series of wage deductions as a method of making each payment, or

(iii) The assignment applies only to wages or other earnings already earned at the time of the assignment.

Therefore, We can send certain revocations to your payroll and to your creditor to stop the deductions.

The creditor can then take other steps to collect, but these are thwarted upon filing of the bankruptcy chapter 7 or chapter 13 case.

Call me today if you need help stopping a wage assignment. 312-346-7400 and let us lead you to financial freedom! www.LeedersLaw.com

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Northern District of Illinois Bankruptcy Filing Statistics – 2014 Year to date

Terrance Leeders — Tue, 22 Jul 2014 17:27:00 +0000

So far, in 2014 there have been 29,052 bankruptcy cases filed in the Northern District of Illinois

Compared to this time last year, when 31,754 cases were filed, down, almost 9%.

Adversary proceedings were down from 1064 to just 610 this year, over 42%.

11,120 (38%) of these cases were for debtors living in Chicago, followed by 592 in Rockford, 536 in Aurora, 452 living in Joliet, 289 from Plainfield, 281 in Elgin, 280 in Bolingbrook, 271 in Calumet City, 246 in Waukegan, 238 in Naperville, 232 in Dolton, 226 in Berwyn, and 211 in Des Plaines.

The remaining cities were each all below 200 filings.

A full list of bankruptcy filing statistics can be found here.

Good news! I file cases for consumers in all of these cities! Contact us for a free consultation to discuss your individual cases! 312-346-7400

www.LeedersLaw.com Contact us today, and we will lead you to financial freedom.

The post Northern District of Illinois Bankruptcy Filing Statistics – 2014 Year to date appeared first on Chicago Bankruptcy Lawyer.

chapter 13 Archives - Chicago Bankruptcy Lawyer

Leeders Law – Your Trusted Bankruptcy Attorneys in Bronzeville- Act Now

Free Bankruptcy Evaluation -Leeders Law

You will not get your car back by filing chapter 13 bankruptcy if the City seized your vehicle for unpaid tickets

Free Bankruptcy Evaluation -Leeders Law

Burr Ridge Bankruptcy lawyer new office location – free consultation for chapter 7 and chapter 13 bankruptcy

Free Bankruptcy Evaluation -Leeders Law

Orland Park Bankruptcy lawyer – new office, free consultations

Free Bankruptcy Evaluation -Leeders Law

Get your car back if it was repossessed, or booted or towed for tickets

Free Bankruptcy Evaluation -Leeders Law

high income broke debtors… recent trends in bankruptcy

Free Bankruptcy Evaluation -Leeders Law

Does Wells Fargo owe you money?

Free Bankruptcy Evaluation -Leeders Law

How to Know When Bankruptcy Is Right for You

Free Bankruptcy Evaluation -Leeders Law

Payday loans – stop wage assignments

Free Bankruptcy Evaluation -Leeders Law

Northern District of Illinois Bankruptcy Filing Statistics – 2014 Year to date

Free Bankruptcy Evaluation -Leeders Law