Articles from David M. Siegel

Primary tabs

Divorce and Chapter 7 Bankruptcy

Submitted by Anonymous (not verified) on Fri, 05/02/2014 - 01:29

The interplay between divorce and bankruptcy is confusing. There are also important decisions to make when deciding whether to file bankruptcy and when to end a marriage. Divorcing is generally easier on all parties when the divorcing couple can agree on as many issues as possible.

Getting Out Of Debt Just Got A Little Tougher

Submitted by Anonymous (not verified) on Wed, 04/30/2014 - 20:41

New Filing Fees Starting June 1, 2014, bankruptcy filing fees are going to increase. The filing fee for a chapter 7 bankruptcy case is increasing to $335.00. The filing fee for a chapter 13 bankruptcy case is increasing to $310. 00.

Do I Need A Chicago Bankruptcy Lawyer If I Live In Cook County?

Submitted by Anonymous (not verified) on Wed, 04/30/2014 - 14:51

You are not required to use a Chicago bankruptcy lawyer if you live in cook County and wish to file for bankruptcy relief. Much more important than where the attorney is located, is what type of qualifications does the attorney have to handle your case.

How Much Equity Is Too Much For Chapter 7 Bankruptcy?

Submitted by Anonymous (not verified) on Tue, 04/29/2014 - 22:02

Most clients who call seeking chapter 7 bankruptcy relief do not have significant equity in their real estate. In fact, most clients who call today have no equity in their real estate.

Secured Creditors In Bankruptcy

Submitted by Anonymous (not verified) on Tue, 04/29/2014 - 18:39

There are secured creditors that must be treated a certain way in a bankruptcy case.  The transcription below touches the surface on what a secured creditor is and what types of decisions have to be made with regard to those secured creditors.

Eligibility For A Bankruptcy Discharge

Submitted by Anonymous (not verified) on Sat, 04/26/2014 - 14:50

Chapter 7 Bankruptcy Discharge There are certain eligibility requirements in reference to getting a discharge under the bankruptcy code. Let’s begin with the most common form of bankruptcy which is a chapter 7 fresh start.

Filing Bankruptcy: The Initial Consultation

Submitted by Anonymous (not verified) on Fri, 04/25/2014 - 16:07

The most important thing about filing bankruptcy is the initial consultation with a bankruptcy attorney. It is not the price. It is not the location of the office. It is not the number of cases that the attorney has filed over the year. It is not whether that attorney is advertising on television.

Is Filing Bankruptcy A Form Of Failure?

Submitted by Anonymous (not verified) on Fri, 04/25/2014 - 03:12

Not A Failure Filing bankruptcy does not have to be looked upon as a failure. Bankruptcy can be looked upon as an opportunity to get a fresh start or to reorganize debt under existing federal bankruptcy laws. I don’t believe anyone sets out to file for bankruptcy.

How Often Can You File Chapter 7 Bankruptcy?

Submitted by Anonymous (not verified) on Thu, 04/24/2014 - 20:20

There are specific time restrictions on when you can file certain bankruptcy cases.  For Chapter 7, you can only receive a discharge of certain debts every eight years.  There are also complex rules for filing Chapter 13 subsequently to a Chapter 7.  In the video below, we talk about Chapter 7 in particular and how+ Read MoreThe post How Often Can You File Chapter 7 Bankruptcy? appeared first on

Is My Life Insurance Policy Protected IF I File Bankruptcy?

Submitted by Anonymous (not verified) on Wed, 04/23/2014 - 17:25

Protecting Life Insurance When filing a chapter 7 bankruptcy, you are allowed to protect a certain amount of personal property. One of those items of personal property is life insurance. Life insurance is treated two different ways when filing bankruptcy. The first involves term life insurance. Term life insurance provides for a death benefit.

Pages