Lombard, IL
Litigation Lawyer at Lombard, IL
Practice Areas: Litigation, Bankruptcy & Debt
The scenario is as follows: client wants to file a Chapter 7 but does not want to lose any personal property through liquidation. After advising the client that any nonexempt property may be liquidated...
See Full GuideMany clients are stumped when I inform them that they do not qualify for a Chapter 7 because they have disposable income at the end of the month after all their necessary expenses are deducted. Any deb...
See Full GuideEveryone filing bankruptcy must file a "Statement of Intention" with their petition. The Statement of Intention is exactly what it sounds like. The consumer must notify secured creditors (creditors who...
See Full GuideThere has been a tremendous amount of disagreement among the Courts as to whether unpaid wages for services rendered are part of a consumer's bankruptcy estate. Judge Wedoff out of the Northern Distric...
See Full GuideIt may sound too great to be true. I am sure you have heard of saving your home by filing a Chapter 13 bankruptcy. If filed correctly, a Chapter 13 can save ones home even though they are in late stag...
See Full GuideThe situation is as follows: Chapter 7 debtor wants to surrender his/her home in a bankruptcy. In order to qualify for a Chapter 7, they will have to pass the means test if their income is above the me...
See Full GuidePursuant to 11 U.S.C. 362, once a debtor files for bankruptcy, all collection efforts by creditors must cease. Therefore, they can not continue to collect on the filer's debt or property. Keep in mind ...
See Full GuideEveryone that files bankruptcy MUST appear before the US Trustee at a meeting known as the 341 creditor's meeting. The purpose of the 341 meeting is for the Trustee to gather information about you for ...
See Full GuideIn a consumer bankruptcy, the trustee has the authority to recover any payments to an "insider" made within one year immediately preceding the commencement of the case. An "insider", if the debtor is a...
See Full GuidePaying back a relative Relatives are considered "insiders" in the bankruptcy world. The bankruptcy code prohibits prefering one creditor over another. The bankruptcy trustee has the power to undo any...
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