March

Blog Posts in March, 2015

  • Some recent changes in credit reporting could be good news for many Illinois residents. The changes, which were instituted by the federal Consumer Financial Protection Bureau, will make it easier for consumers to dispute mistakes on their credit ...
  • Things to consider before filing for bankruptcy

    Illinois consumers who might be considering bankruptcy may be interested in a recent article that discusses issues that a person might need to consider before they file for bankruptcy. Some of these actions might draw scrutiny from a bankruptcy ...
  • Credit card debtor rights in Illinois

    According to the Consumer Financial Protection Bureau, credit card companies have taken steps to limit consumer rights in the event of a credit card dispute. Instead of allowing consumers to proceed with traditional lawsuits, customers are required ...
  • According to a new report from the Federal Reserve Bank of New York, debtors in Illinois and around the country are more likely to avoid filing Chapter 7 or Chapter 13 since the 2005 bankruptcy law overhaul. However, the report also indicates that ...
  • Tax debts may be eligible for discharge with bankruptcy

    Illinois residents who have outstanding tax debts may be interested in ways to discharge those debts through bankruptcy. While this is not always possible, there are certain situations where a discharge of taxes is possible. Generally, tax debts owed ...
  • According to the DOJ's press release, JP Morgan Chase has agreed to a $50 million settlement with the U.S. Trustee Program. As part of the settlement Chase admitted that it filed over 50,000 documents that were improperly signed. Improperly ...
  • Mandatory Arbitration and Credit Card Companies

    The Washington Post ran an article today entitled, "Why it's nearly impossible for you to sue your credit card company." It discusses the prevalence of mandatory arbitration in credit agreements. The Federal Arbitration Act (FAA) has ...
  • Can They Really Call Me This Much?

    In my experience, many of my clients are plagued by collection calls. Many of these calls violate a bankrupcty discharge, or are made once the debt collector knows that my client is represented. In those cases, I would argue that the Fair Debt ...