Articles from David M. Siegel

Primary tabs

Advanced Practitioner Advice From Chicago Bankruptcy Lawyer David Siegel

Submitted by Anonymous (not verified) on Thu, 09/12/2013 - 20:02

The automatic stay protects debtors from collection activities after a bankruptcy case has been filed. What about a case where there is insurance coverage available on behalf of the debtor?

What Pushes People In Chicago To File Bankruptcy?

Submitted by Anonymous (not verified) on Thu, 09/12/2013 - 14:30

 Americans are used to handling debt.  Most people carry debt of some sort in their daily lives.  Even ones that are handling or managing the debt still feel the stress that comes with that debt.  Despite this fact, most people carry on and seem to get by.  That is, of course, until a creditor begins+ Read MoreThe post What Pushes People In Chicago To File Bankruptcy? ap

Chapter 13 Takes Discipline

Submitted by Anonymous (not verified) on Thu, 09/12/2013 - 02:10

The filing of a Chapter 13 bankruptcy case is a process that takes discipline, attention to detail and a strong effort to succeed.  Chapter 13 involves repaying either all or a portion of your debt over a three to five-year period.  We are talking about a long repayment plan; 36 to 60 months of consistent+ Read MoreThe post Chapter 13 Takes Discipline appeared first on

The Bankruptcy Case Of Nancy H. From Chicago

Submitted by Anonymous (not verified) on Wed, 09/11/2013 - 15:03

Last week, Nancy H. came to my office looking to file a Chapter 7 bankruptcy case.  She had $20,000.00 or so on credit cards and no other unsecured debt.  She had a condominium that had a value of $89,000.00 and a mortgage debt of approximately $80,000.00.  Thus, there was some equity in her condominium, but+ Read MoreThe post The Bankruptcy Case Of Nancy H.

Everyone Wants A Chapter 7 It Seems

Submitted by Anonymous (not verified) on Tue, 09/10/2013 - 21:54

A recent potential client called the office and wanted to get started with a filing.  At the meeting, we talked about a greater likelihood of Chapter 13 based upon the income of the debtor and his spouse.  Today, the talk came up about Chapter 7 once again.  Here is what I do in these situations:+ Read MoreThe post Everyone Wants A Chapter 7 It Seems appeared first on

The Obsession With Credit Before Filing For Bankruptcy

Submitted by Anonymous (not verified) on Tue, 09/10/2013 - 14:36

Oftentimes, when someone comes to see me for bankruptcy advice, they are already thinking beyond the process and into regaining credit.  The trouble with this line of thinking is serious.  Firstly, the client should be mostly concerned with getting out of debt.  After all, the excessive debt is the reason for the consultation in the+ Read MoreThe post The Obsessi

Three Big Questions About Chapter 13

Submitted by Anonymous (not verified) on Mon, 09/09/2013 - 02:26

Can I keep my car in Chapter 13?

What People Want To Know Most About Chapter 13 Bankruptcy

Submitted by Anonymous (not verified) on Fri, 09/06/2013 - 16:46

What is a Chapter 13 bankruptcy?

Can I stop bill collectors from calling me?

Submitted by Anonymous (not verified) on Mon, 09/02/2013 - 17:14

You most certainly can stop bill collectors from calling you once you hire an attorney to handle your debt situation.  Under the Fair Debt Collection Practices Act, creditors are prohibited from contacting you once they are made aware of the fact that you have representation.  If creditors violate this Act, they can be sued in+ Read MoreThe post Can I stop bill collectors from calling m

Will I lose my house in Chapter 13?

Submitted by Anonymous (not verified) on Sat, 08/24/2013 - 14:49

The honest answer is it depends.  You will certainly have the ability to keep your home provided that you make timely payments.  Allow me to explain.  One of the main benefits of filing Chapter 13 or the main reason why people file Chapter 13 is in order to save their real estate and other property. + Read MoreThe post Will I lose my house in Chapter 13? appeared first on

Pages