Articles from David M. Siegel

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New Bankruptcy Forms Causing Some Administrative Headaches

Submitted by Anonymous (not verified) on Fri, 01/08/2016 - 19:57

Bankruptcy Form Changes On December 1, 2015, almost all of the bankruptcy forms and schedules were amended. Many clients who had already signed earlier versions of the forms and were awaiting filing, had their filings delayed because they had to re-sign and reread new forms. In certain circumstances, the forms had to be emailed or+ Read More

Bankruptcy Judges And Bankruptcy Trustees Vary Within The Northern District Of Illinois

Submitted by Anonymous (not verified) on Wed, 12/30/2015 - 20:13

Consistency Lacking If you are looking for consistency among the bankruptcy judges and the bankruptcy trustees in the Northern District of Illinois, you will be hard pressed to find it. Let’s start by examining the bankruptcy judges in Chicago. Each bankruptcy judge comes from a different background, has a different viewpoint with regard to debtors+ Read More

Make A New Year’s Resolution To Get Out Of Debt

Submitted by Anonymous (not verified) on Tue, 12/22/2015 - 20:41

Resolve To Get Out OF Debt If you are struggling financially, you likely have been struggling for a number of years. It is very easy to fall behind on credit cards, get hit with unexpected medical expenses, and experience a job loss or other traumatic event in your life which could lead to debt. For+ Read More

Average Cost Of Bankruptcy

Submitted by Anonymous (not verified) on Tue, 12/15/2015 - 00:28

From a recent episode of Legal Action which airs on Comcast Cable in the Chicago area, David M. Siegel discusses two common, but important questions regarding filing for bankruptcy.  The first is the financial management instruction requirement that must be completed post-filing.  The second is the typical range of fees that one could expect to+ Read More

City Of Chicago’s Parking Ticket Relief Is Nothing Compared To Chapter 13

Submitted by Anonymous (not verified) on Wed, 11/18/2015 - 20:15

Debt Relief Offered By The City of Chicago Every once in a while the City of Chicago will offer a debt relief program or amnesty program with regard to parking tickets and red light tickets. The most recent version of this program is going to last from November 15, 2015 through December 31, 2015. However,+ Read More

Chapter 13 Bankruptcy Judge Denies Fees: What Was The Basis?

Submitted by Anonymous (not verified) on Fri, 11/13/2015 - 18:39

In a recent chapter 13 bankruptcy filing, a debtor was attempting to recover his towed and impounded vehicle. The vehicle was impounded due to unpaid parking tickets owed to a village. The tow company towed the vehicle and was unwilling to release the vehicle back to the debtor. The tow company would not provide simple+ Read More

How Bankruptcy Affects Your Credit Score

Submitted by Anonymous (not verified) on Mon, 11/09/2015 - 20:45

The thought of losing one’s credit cards is a terrifying idea for some that are struggling with debt.  In fact, such a fear prevents many people from actually filing for bankruptcy.  The big fear is that bankruptcy will haunt them for life and prevent them from obtaining credit in the future.  Everyone dreams of purchasing+ Read More

Chapter 7 Bankruptcy Audits Prove Burdensome On Debtors

Submitted by Anonymous (not verified) on Tue, 10/27/2015 - 18:34

Numerous Requirements There are numerous requirements that must be met by a debtor in a chapter 7 bankruptcy case. The debtor must complete a credit counseling session within 180 days of filing the petition. The debtor must complete a two hour personal financial management instruction course sometime after the case is filed but prior to+ Read More

Should I Pay My Car Inside Or Outside Of My Chapter 13 Bankruptcy Case?

Submitted by Anonymous (not verified) on Wed, 10/21/2015 - 20:19

There are many ways to treat a vehicle when filing chapter 13 bankruptcy. Not one answer fits every case. In fact, the answer is going to vary depending upon whether or not the debtor is current on the vehicle, whether the vehicle was purchased within the last two and half years, and whether or not+ Read More

Recovering Your Vehicle From The Pound With Chapter 13

Submitted by Anonymous (not verified) on Wed, 10/14/2015 - 22:34

Vehicle Impounded In Record Numbers During the last 10 days, I have seen a huge uptick in the number of Chicago residents who have had their vehicles impounded. This most certainly has to do with the city of Chicago and its effort to bring in revenue from parking ticket debt. When clients don’t pay their+ Read More

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