Judge Schmetterer Archives - Chicago Bankruptcy Lawyer

Can I file chapter 13 to get back my car that the City of Chicago impounded?

April 9, 2018impound, Judge Casslingcar loan, get vehicle back, impound, Judge SchmettererTerrance Leeders

Can a chapter 13 debtor in Chicago get back their vehicle immediately while paying the parking tickets and impound costs through a chapter 13 bankruptcy plan? The City has been fighting this as of late, and there is a split of authority...

Is my wedding ring or engagement ring exempt in a bankruptcy case?

November 29, 2017engagement ring, wedding ring341 meeting, bankruptcy exemptions, Judge Schmetterer1 CommentTerrance Leeders

A wedding ring and engagement ring are exempt in a bankruptcy case, at least in the Northern District of Illinois. In a recent case, Bankruptcy Judge Jack B. Schmetterer of Chicago ruled that a wedding ring and an engagement ring are...

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...

Leeders Law

2 days ago

How to raise your credit score? Your credit score is a three-digit number that represents your creditworthiness. Lenders use your credit score to determine your interest rate on loans and credit cards. There are a few things you can do to raise your credit score:Pay your bills on time. This is the most important factor in determining your credit score. Make sure to pay all of your bills on time, every time. Keep your credit card balances low. The lower your credit card balances, the better your credit score will be.Don't apply for too much credit at once. Applying for too much credit at once can hurt your credit score.Get a secured credit card. A secured credit card is a type of credit card that is backed by a deposit. This can help you build your credit history.Become an authorized user on someone else's credit card. This can help you build your credit history, but only if the primary cardholder has a good credit history.If you are trying to raise your credit score, it is important to be patient. It can take time to see results. However, by following these tips, you can improve your credit score and get better interest rates on loans and credit cards.Additional TipsMonitor your credit report. You can get a free copy of your credit report from AnnualCreditReport.com. Review your credit report regularly for errors.Dispute any errors on your credit report. If you find any errors on your credit report, dispute them with the credit reporting agency.Consider credit counseling. A credit counselor can help you develop a plan to improve your credit score.Remember, raising your credit score takes time and effort. However, it is a worthwhile goal. By following these tips, you can improve your financial health and get better interest rates on loans and credit cards.Please note that this information is not intended to be financial advice. If you have any questions about raising your credit score, you should consult with a financial profe#leederslawl#bankruptcyb#creditscorer#freshstartf#debtfreedome#debtfree #debtfree ... See MoreSee Less

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Leeders Law

3 days ago

DO NOT DELAY!!Bankruptcy can be a very stressful experience, but it can also be a very helpful tool for people who are struggling financially. If you are considering filing for bankruptcy, it is important to understand that there are some risks associated with delaying the process.Here are a few reasons why you should not delay filing bankruptcy:Your debts will continue to grow. The longer you wait to file for bankruptcy, the more debt you will accrue. This can make it more difficult to get out of debt and can also hurt your credit score.Your creditors may take legal action. If you are not making payments on your debts, your creditors may take legal action against you. This could include garnishing your wages or seizing your assets.Your stress levels will increase. The stress of dealing with debt can be overwhelming. Filing for bankruptcy can help to reduce your stress levels and give you a fresh start.If you are considering filing for bankruptcy, it is important to talk to an attorney. They can help you understand the process and make sure that you are doing everything correctly. Leeders Law is an excellent way to go! 😉Here are some additional tips for people who are considering filing for bankruptcy:Gather your financial documents. This will help you to get a better understanding of your financial situation.Talk to your creditors. Let them know that you are considering filing for bankruptcy.Hire an attorney. An attorney can help you to navigate the bankruptcy process.Filing for bankruptcy can be a difficult decision, but it can be a very helpful tool for people who are struggling financially. If you are considering filing for bankruptcy, it is important to talk to an attorney and understand the risks and benefits of the process. Call me today 312-346-7400 ... See MoreSee Less

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Leeders Law

4 days ago

Top 3 Benefits to Eliminating Credit Card DebtEliminating credit card debt is a goal for many people, and for good reason. It can be a major burden, both financially and emotionally. But what are the benefits of getting out of debt?1. More money in your pocket.This is the most obvious benefit. When you're not paying interest on credit card debt, you have more money to spend on other things, like saving for retirement or paying for a vacation.2. Reduced stress.Credit card debt can be a major source of stress. Knowing that you're making progress toward eliminating it can help you feel more in control of your finances.3. Improved credit score.Your credit score is a number that lenders use to determine your creditworthiness. Having a high credit score can help you get better interest rates on loans and credit cards.If you're looking to eliminate credit card debt, there are a few things you can do:Create a budget. This will help you track your spending and identify areas where you can cut back.Make a plan. Decide how much you can afford to pay each month and stick to it.Set a goal. Decide when you want to be debt-free and work toward that goal.Eliminating credit card debt is a worthwhile goal. It can help you improve your financial health and reduce your s#creditcarddebt##debtfreedomb#financialwellnessn#leederslawe#chapter7bankruptcypter7bankruptcy ... See MoreSee Less

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