Leeders Law is a leading bankruptcy law firm in Wheeling, IL who file chapter 7 and chapter 13 bankruptcy cases.
Is Your Credit Card debt too high?
Are you concerned that your credit card debt is too high? The current credit card debt rate in the US is at a record high.
Warning! Pre-bankruptcy Asset Transfer Can Have Dangerous Implications!
A pre-bankruptcy asset transfer refers to the act of transferring assets or property to another party or entity before filing for bankruptcy.
Steps to file bankruptcy
If you’re struggling with overwhelming debt, you might be wondering what the steps to file bankruptcy are.
Chapter 13 Bankruptcy: What It Is and How to File
Introduction
Chapter 13 bankruptcy is a type of reorganization bankruptcy that...
Eviction moratorium ending.
The U.S. Supreme Court ends Covid-19 eviction moratorium on residential properties.
Residential eviction moratorium ending this week. If you have accumulated past due rent from Covid-19 illness or...
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...
Automatic Stay terminates entirely after 30 days for serial filers in the 1st Circuit
First Circuit Terminates the Stay Entirely as to Repeat Filers
The issue in this case, Smith v. State of Maine Bureau of Revenue Services (In re Smith), 18-1573 (1st Cir. Dec. 12, 2018), is whether the automatic stay...
Bankruptcy – C is for Chapter
C is for Chapter
Chapter 7
Chapter 7 bankruptcy is the most common bankruptcy that people file. This is the chapter that gets rid of most consumer debts in about 90 days. Most credit cards, medical bills, repossessions,...
Bankruptcy – A is for Assets
A is for Assets
SCHEDULES
A debtor fills out the bankruptcy paperwork and forms when filing a bankruptcy case. These forms are the Bankruptcy Schedules. Bankruptcy schedules list all of the assets a debtor owns. These...