Chicago Bankruptcy Lawyer

Recent Posts in Credit Cards Category

  • Tips for Avoiding Holiday Debt

    As the gift-giving rush of the holiday season draws near, it is important that people remember to spend within their means and avoid accumulating amounts of debt that they cannot afford. Irresistible Black Friday deals and the pressure to purchase gifts can lead a person to spend more than they should. To ensure a financially prosperous holiday season, our firm has come up with some holiday ...
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  • Does Chapter 7 Bankruptcy Wipe Out Credit Card Debt?

    As you may know, it is far too easy to fall behind on your credit card bills. After paying the minimum each month, expecting to slowly chip away at these expenses, you may discover that the debt has started to pile up. It is for this reason that you, and countless others, have been left wondering what you can do to regain control of unruly credit card debt. Depending on the level of debt that you ...
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  • Income Median Levels & Bankruptcy

    One of the driving thrusts behind the 2005 Bankruptcy Reform laws (known as BAPCPA) was an effort to make it more "difficult" to file for Chapter 7 bankruptcy. There were several reasons and rationales behind this, not the least of which were credit card lobbying efforts, but the end result was the desired result: it has become more difficult to file for Chapter 7 bankruptcy because of income ...
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  • Joseph P. Doyle Now Accepting all Major Credit Cards

    At the Law Office of Joseph P. Doyle, we are committed to making our clients' lives easier in any way that we can. Although we are able to do so by assisting them through the complex process of filing for bankruptcy , we believe that there is always room to improve on the level of personalized service that we provide. For this reason, our Chicago bankruptcy lawyer has recently decided to purchase ...
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  • Improving Your Credit Report

    Improving on credit post-bankruptcy and improving on your credit report are two separate things. Dealing with information on your credit report is often founded in whether the information is accurate. Accurate information, even if negative, cannot be fixed on your credit report. Bankruptcies, for example, stay on your credit report for 10 years while other negative but accurate information can ...
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  • Common Bankruptcy Questions, Part IV

    Continuing our discussion on common bankruptcy questions, we begin with the age-old question of whether you will ever get credit again. This answer is, of course, always asked in every bankruptcy consultation and subsequent case. The answer is yes. Just by filing the bankruptcy, you are freeing yourself of debt that had been dragging your credit score down to begin with. Because you remove that ...
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  • The Bankruptcy Petition and Schedules, Part II

    Last week we started to address the various schedules that constitute a bankruptcy petition. We addressed Schedule A (covering real property), Schedule B (covering personal property), and Schedule C (detailing the exemptions used to shield assets listed on both Schedules A & B). Now, we turn to schedules that address and detail your debt. Schedule D Schedule D lists all of your secured debts. ...
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  • Should You Wait to File?

    Most of the time, obtaining a Chapter 7 bankruptcy discharge is an urgent manner for you. You have grown sick of the creditor calls, the attempts to collect on your debts, the struggles in maintaining your finances, and perhaps even lawsuits being filed against you. There are times, however, where it is best to wait to file your case. It is probably best to wait to file your case if you've repaid ...
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  • How Does a Chapter 7 Bankruptcy Work?

    Think of a Chapter 7 bankruptcy as a fresh start. In this type of filing, all of your debt is listed on the schedules of your bankruptcy petition. There is a schedule for secured debts, like your house and car, as well as a schedule for your unsecured debts, like medical bills and credit cards. These unsecured debts, if the case is successful, are all discharged in the Chapter 7 bankruptcy, which ...
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  • Common Causes of Bankruptcy

    Every situation is different, and each bankruptcy case is unique in the circumstances that precipitated its filing. This is one of the things that makes bankruptcy a complex area of law, as each individual has a different situation that must be addressed in their bankruptcy petition. At the same time, however, there are several common causes leading to bankruptcy that seem to encompass most cases. ...
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  • Credit Card Usage Prior to Bankruptcy

    There are various requirements that must be completed before you file your bankruptcy case. The first of these is to stop using your credit cards and to stop incurring any additional debt. In reality, the decision to stop using credit cards and incur debt should come once the decision to file bankruptcy is made. The concern with the bankruptcy court is fraudulent activity. If you use your credit ...
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