Lombard, IL
Litigation Lawyer at Lombard, IL
Practice Areas: Litigation, Bankruptcy & Debt
A Chapter 7 discharge does not strip liens secured againtst a property. So when a Chapter 7 debtor has 2 mortgages on his property and files a Chapter 7, both mortgages still exist on the property afte...
See Full GuideMost debtors will be in a Chapter 13 bankruptcy for 3-5 years depending on their income when they filed the case. A question many clients ask is whether they are able to buy a home during a Chapter 13 ...
See Full GuideProfessional Intimacy/Personal Attention After deciding to file for bankruptcy, the only obstacle in your road to financial freedom is the successful filing and completion of your case. That is why ...
See Full GuideMany clients want to know if they have to continue paying their association fees if they plan on surrendering their property in bankruptcy. The typical situation is that the debtor no longer lives in t...
See Full GuideQualifying for a Chapter 7 bankruptcy became more difficult after 2005 amendments to the Bankruptcy Code created the Means Test. The Means Test gives debtors a set amount of deductions that can be su...
See Full GuideI ran into an interesting fact pattern last week. The debtor has a property in Chicago that he would like to surrender in a Chapter 7. However, the debtor does not currently live in the United States b...
See Full GuideMany clients I meet are reluctant to file bankruptcy even though it is in their best interest to do so. One of the most common concerns is fear of losing their job or having a hard time finding a new j...
See Full GuideOne of the most common questions I receive from unfortunate debtors in foreclosure is "when is the best time to file bankruptcy?" I believe the best time to file is during the foreclosure process for a...
See Full GuideAny competent attorney should aid their clients in exempting as much property as possible before filing bankruptcy. The more property that is exempted, the more property the honest but unfortunate debt...
See Full GuideSurrendering properties in a Chapter 13 has been a hot topic ever since the housing bubble burst a couple of years ago. The scenario is usually as follows: debtor would like to get rid of an investment...
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