Articles from David M. Siegel

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City of Chicago Parking Tickets On The Rise

Submitted by Anonymous (not verified) on Wed, 06/11/2014 - 17:58

I am seeing any increase in potential bankruptcy clients who have parking tickets owed to the city of Chicago on their creditors list. It seems that it’s hard to live in the city of Chicago and not be subject to the wrath of parking tickets.

You Can Keep Property When Filing Chapter 7 Bankruptcy

Submitted by Anonymous (not verified) on Tue, 06/10/2014 - 17:33

Most people are under the misconceptions that if they file for bankruptcy, then they will lose all of their property. This is simply not the case. Most people who file for Chapter 7 bankruptcy retain all of their personal property.

If You Are Behind On Your Mortgage Payments, Now May Be The Time To Save Your Home.

Submitted by Anonymous (not verified) on Thu, 06/05/2014 - 18:30

In the past, if you were behind on your mortgage payments and did not want to keep your home, you had the ability to surrender it without much concern. Everything changed however at the start of 2014. The mortgage debt forgiveness relief act was not extended into 2014.

Is Filing Personal Bankruptcy Public?

Submitted by Anonymous (not verified) on Thu, 06/05/2014 - 14:31

Personal Bankruptcy Is Technically Public The fact is that filing a personal bankruptcy case is public record. However, the fact you filed is not something that is easy to obtain by the general public. There is a public access system known as PACER which contains information regarding bankruptcy filings throughout the country.

Chapter 7 Bankruptcy – Liquidation

Submitted by Anonymous (not verified) on Wed, 06/04/2014 - 22:22

Chapter 7 bankruptcy is known as liquidation bankruptcy. However, in most cases, there is nothing to liquidate. The debtor gets to keep a large portion of personal property while going through the process. The Illinois law that allows the debtor to keep property while filing for bankruptcy is known as exemptions.

It Keeps Getting Harder To Obtain Bankruptcy Help

Submitted by Anonymous (not verified) on Wed, 06/04/2014 - 15:22

Bankruptcy Help Is Harder To Get When you are struggling financially, you need bankruptcy help. You need to find a bankruptcy attorney that can take you from point A to point B.

Making Changes To Pass The Bankruptcy Means Test

Submitted by Anonymous (not verified) on Tue, 06/03/2014 - 15:28

Bankruptcy Means Test If you’re trying to file a chapter 7 bankruptcy, you must first qualify. One of the qualifications is that you must pass the means test.

Can My Bankruptcy Petition Be Amended After Filing?

Submitted by Anonymous (not verified) on Sat, 05/31/2014 - 03:06

Bankruptcy Petition Can Be Amended Your bankruptcy petition can be amended after you file. This is often the case when someone forgets to list a particular creditor. The creditor may not have shown up on the credit report or the debtor simply misplaced a bill from that creditor.

Credit Unions And Your Bankruptcy Case

Submitted by Anonymous (not verified) on Fri, 05/30/2014 - 03:12

Credit Unions If you are a member of a credit union and you have debt with that credit union, you need to be aware of certain circumstances as they relate to your bankruptcy case. Credit unions operate under different rules than ordinary banks.

Filing Bankruptcy Before You Get Married Is Typically Best

Submitted by Anonymous (not verified) on Thu, 05/29/2014 - 15:17

Should You File? Let’s talk about a bankruptcy scenario that comes up from time to time. Let’s say you’re someone who is struggling with debt, you’re single, and you finally found someone you want to marry. Your future spouse does not have any debt and he or she has a very good income.

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