A pre-bankruptcy asset transfer refers to the act of transferring assets or property to another party or entity before filing for bankruptcy.
Chapter 7 can give you a break from inflation
Chapter 7 bankruptcy can give you a break from inflation. Is your credit card debt soaring due to...
Wall Street Journal Prime Rate as of 3/17/2022
The current Wall Street Journal Prime Rate
3/17/2022: 3.50%
This is used in calculating the In Re Till interest rate on secured debts in a chapter 13...
Chapter 13 Bankruptcy Debt Limits increase April 1, 2022
Chapter 13 Bankruptcy debt limits will increase on April 1, 2022. Code section 11 U.S.C. § 109(e) amounts change every 3 years.
Unsecured Debts
Noncontigent, liquidated...
Do you qualify for the city of Chicago free high speed internet program?
Are your children doing E-learning this year? The city of Chicago is offering high speed internet to those in need. Check here to see if you...
Bankruptcy filers are likely able to keep their stimulus checks
Bankruptcy Trustees are dissuaded from liquidating the CARES Act Stimulus checks
Good news for those looking to file chapter 7 bankruptcy or chapter 13 bankruptcy, filers are likely to keep their...
New Online Bankruptcy Strategy Sessions in Chicago
Hi. I am now offering free online strategy sessions for those who are considering filing for bankruptcy. There has been a surge of people who are now unemployed because of the Covid-19 outbreak, with more...
New Northern District of Illinois – Bankruptcy Court Procedures -Covid 19/Coronavirus
The U.S. Bankruptcy Court for the Northern District of Illinois has made important changes to its procedures because of the Coronavirus pandemic.
(1) Court Hearings and Section 341 meetings will be...
New Bankruptcy Benefits With the COVID-19 Coronavirus CARES Act Stimulus
Millions of Americans are being affected by the Covid-19 Coronavirus. Many are losing their jobs and are turning to unemployment. Many are starting to fall behind on their mortgage or rent. Let's not even...
Covid 19/ Coronavirus and bankruptcy, how to preserve your resources
The Covid 19/Coronavirus outbreak has been upgraded to a pandemic. We have been ordered by the city and state to shelter in place. Schools, churches and many businesses have closed. Many are losing pay and...