Now that we are half way through summer, now is a good time to look to get a fresh start by the end of the year. Chapter 7 bankruptcy will take about 90 days to go thru the courts and get your discharge. ...
You can now discharge Chicago parking tickets in a chapter 7 bankruptcy case.
Chicago parking tickets are now dischargeable in chapter 7 bankruptcy
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Top 3 things to do before filing for bankruptcy
Top 3 things to do before filing for bankruptcy
3. Get your documents together.
- 4 Years of IRS Tax returns
- Most recent bank statements
- Last 6 months of income statements and paycheck stubs
...
Debts discharged in my bankruptcy are being reported on a credit report – what to do?
Under the Fair Credit Reporting Act (“FCRA”) as long as the reported item on a credit report it is listed as $0 balance, or included in bankruptcy, that information can stay as long as it is accurate, complete and not misleading. Therefore,...
ARAG Legal Plans – Bankruptcy Attorney Fees
I wanted to promote the fact that I am now a proud member of the ARAG attorney network. I accept ARAG legal insurance for both chapter 7 and chapter 13 filings. Contact your employer or go to your ARAG login and select me as your requested...
New Supreme Court ruling about false statements and nondischargeability of debts
The Supreme Court yesterday ruled in their most recent decision Lamar, Archer & Cofrin, LLP v. Appling, 16-1215 (Sup. Ct. June 4, 2018) that a false statement about one's assets must be in writing to provide grounds for an objection and...
Chicago Begins To Rethink How Bankruptcy Lawyers Get Paid
Chicago Begins To Rethink How Bankruptcy Lawyers Get Paid - A ProPublica article by Melissa Sanchez.
Judges are demanding that lawyers tell their clients that their other debts might not get paid, but their lawyers...
Could we see a shift to No Money Down Chapter 7 bankruptcy cases?
There is some talk that the bankruptcy code should allow debtor's attorneys to file chapter 7 cases for no money down. A recent Bloomberg Article discusses this
https://www.bna.com/legal-news-rss-n57982058758/
By Daniel Gill
A push to...
Nearly 5 Million Americans are in default on student loan payments
Nearly 5 Million Americans are in default on student loan payments
A recent Wall Street Journal article discusses the shocking study about student loan payments in default.
"The number of Americans severely behind on payments on...
Post-petition interest on IRS taxes is not discharged upon successful completion of chapter 13 bankruptcy plan.
"'In this world nothing can be said to be certain, except death and taxes." - Benjamin Franklin.
This is a tough pill to swallow for debtors who successfully complete a chapter 13 bankruptcy case.
In re Thaxton (Bankr. S.D. W. Va.,...