Blog Posts in 2014

  • Why Hire a Chicago Bankruptcy Lawyer?

    Do you really need an attorney to help you file for bankruptcy? If you are struggling to pay bills and make ends meet, filing for bankruptcy may be your best option. The question is—do you hire a bankruptcy lawyer to help you through this process? While it may seem like a waste of much-needed money, hiring a Chicago bankruptcy attorney can actually help you save money in the long run. Not only do ...
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  • Property of the Estate & Inherited Property

    11 USC 541(a) dictates that upon the filing of a bankruptcy case, an estate is created. This estate includes all legal and equitable interests of the debtor at the time of filing, and in certain instances, interests in property that arise after the filing of a bankruptcy within a certain period of time. Essentially, once the bankruptcy is filed, the resulting estate is comprised of everything the ...
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  • Motion to Extend the Automatic Stay

    One of the most important protections bankruptcy affords - and one could make the argument that it is the most important - is the protection afforded debtors in the form of the automatic stay. Pursuant to 11 U.S.C. 362, the filing of a bankruptcy case automatically operates as a stay to almost all debt collection proceedings. These include (all listed in 362(a)(1)), lawsuits or other actions ...
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  • Handling a Trustee's Motion to Dismiss

    Bankruptcy can be a stressful time in someone's life. They're dealing with financial terms and issues they're not overtly familiar with, creditors are calling almost nonstop, and they're worried about the impact that bankruptcy will have on their lives. These stressors are, for the most part, alleviated when a debtor actively seeks bankruptcy protection, including Chapter 13 repayment plans. The ...
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