Personal Bankruptcy

Recent Posts in Personal Bankruptcy

  • Attorneys Ahmad T. Sulaiman and Matthew H. Hector are the authors of Consumer Defense: A Tactical Guide to Foreclosure, Bankruptcy, and Creditor Harassment: The Luxury of the Informed, a comprehensive guide on consumer law written for lawyers and ...
  • The hidden costs of paying off debt vs. bankruptcy

    Most people want to pay off unpaid bills because they feel it is the morally correct and most responsible thing to do. Financial experts preach messages about staying within one's means, building a safety fund and putting remaining funds toward ...
  • Supreme Court rejects bankruptcy appeal

    A recent decision by the United States Supreme Court regarding a bankruptcy case could have an affect on Illinois debtors who want to file for protection under Chapter 13. The court ruled that a debtor who proposed a bankruptcy plan that was rejected ...
  • 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 ...
  • 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 ...