Articles from David M. Siegel

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The Right Time To File Chapter 7 Bankruptcy

Submitted by Anonymous (not verified) on Thu, 10/08/2015 - 18:04

Seasonal Worker I recently met with a gentleman who was employed by the union as a contractor. He had long stretches of unemployment and other stretches of high employment. He wanted to hear from me as to when was the right time to file chapter 7 bankruptcy. His situation is somewhat unique. He will work+ Read More

Protecting Property In A Chapter 7 Bankruptcy Filing

Submitted by Anonymous (not verified) on Wed, 09/30/2015 - 17:35

The following snippet is from the Legal Action television show which airs on Comcast Cable in the suburban Chicago market.  Attorney David Siegel talks about the types and amounts of property that can be kept while filing for Chapter 7 bankruptcy relief.  Interviewer:  When I do Chapter 7, fresh start, is there any property that+ Read More

Current Bankruptcy Clients Contacted By Fraudulent Creditor

Submitted by Anonymous (not verified) on Fri, 09/25/2015 - 18:03

Please be aware that in recent weeks several current bankruptcy clients from multiple law firms in the Chicago area have been victimized or attempted to be victimized by a fraud scheme. This is how the fraudulent effort plays out in essence. There are two specific individuals that play a part in this scheme. The first+ Read More

What’s Is The Meeting Of Creditors Under Section 341 Of The Bankruptcy Code?

Submitted by Anonymous (not verified) on Tue, 09/22/2015 - 22:46

David Siegel:   Of course, the creditors have an opportunity to show up at this meeting, and witness it, ask a few questions, possibly tell the trustee about something that they may know about the debtor.  For example, if there’s property in Wisconsin that was not disclosed or an old Corvette that miraculously didn’t make the schedules. + Read More

Top Three Most Often Heard Bankruptcy Questions

Submitted by Anonymous (not verified) on Tue, 09/22/2015 - 22:30

While there are thousands upon thousands of questions pertaining to bankruptcy that I field every year, it seems that I hear three specific questions most often. I want to take the time to share the answer to those questions today. The three questions are: 1) How much is it to file? 2) Will I be+ Read More

When Your First Chapter 13 Bankruptcy Case Fails, Don’t Give Up

Submitted by Anonymous (not verified) on Thu, 09/17/2015 - 23:26

Chapter 13 bankruptcy is complicated. They are difficult cases from the standpoint of debtors, creditors, bankruptcy attorneys and at times the bench. For this reason, things don’t always proceed smoothly the first time through the process. Like anything else, there is a learning curve to doing things. For debtors, the learning curve can be drastic.+ Read More+ Read More

A Fourth Option To Deal With Your Car In Bankruptcy

Submitted by Anonymous (not verified) on Mon, 09/14/2015 - 18:38

While it is typically true that there are generally three options available to debtors in a chapter 7 bankruptcy with regard to their autos, there may in fact be a fourth option. In a chapter 7 bankruptcy case the debtor has the ability to reaffirm, redeem or surrender and auto. A fourth option which seems+ Read More

Bankruptcy & The Automatic Stay

Submitted by Anonymous (not verified) on Thu, 08/20/2015 - 20:49

In this excerpt from Legal Action, Attorney David M. Siegel talks about the creation of the automatic stay in bankruptcy.  Some debts are eliminated whereas others are not.  It all depends upon the type of debt and the type of bankruptcy. Interviewer: What happens if I’ve got a garnishment or a threat of garnishment or+ Read More

David Siegel Talks On Legal Action Television Show

Submitted by Anonymous (not verified) on Wed, 08/12/2015 - 00:11

In this excerpt from the Legal Action television show, Attorney David Siegel talks about the types of debts that can be eliminated in a Chapter 7 case.  He also covers the fact that student loans are not typically eliminated in bankruptcy. What type of debts can be eliminated through a Chapter 7 Bankruptcy? A: David+ Read More

Completing All Of The Pre-Filing Bankruptcy Requirements

Submitted by Anonymous (not verified) on Tue, 08/04/2015 - 20:24

This excerpt from the Legal Action television show highlights the fact that there are pre-filing requirements that must be satisfied prior to filing for bankruptcy.   Long gone are the days where a person could simply fill out some papers from an office supply store, head down to the Clerk of the U.S. Bankruptcy Court and+ Read More

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