Articles from David M. Siegel

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Hesitating To File Bankruptcy Can Cost You Thousands Of Dollars

Submitted by Anonymous (not verified) on Tue, 01/24/2017 - 21:10

Nobody sets out with the goal of wanting to file for bankruptcy relief. However, things happen in one’s financial life which can lead to that eventuality. For many, there is an unwillingness to jump in and do what makes financial sense. Many people put off filing with the hope that somehow, someway, either their ship+ Read More

Simple Chapter 7 Bankruptcy Filing Can Become Difficult Depending Upon The Trustee

Submitted by Anonymous (not verified) on Mon, 01/16/2017 - 20:50

Difficult Trustees Nobody likes difficult people. Nobody likes to feel that they have been put through the ringer. Nobody wants to feel that they have been harassed, abused, and given an unnecessarily rough ride in the process. Unfortunately, this is a common occurrence in some Will County chapter 7 bankruptcy cases. Let me cite a+ Read More

Where Has Salesmanship Gone Among Bankruptcy Attorneys?

Submitted by Anonymous (not verified) on Tue, 01/10/2017 - 00:59

Bankruptcy Is A Service Business As bankruptcy attorneys, we are in the service business of getting people out of debt. This could come in the form of a chapter 7 bankruptcy or a chapter 13 bankruptcy depending upon the facts of the case. We have the solutions available at our disposal thanks to the bankruptcy+ Read More

Bankruptcy Case Study 1/5/17

Submitted by Anonymous (not verified) on Thu, 01/05/2017 - 20:27

Overview This is the bankruptcy case study for Mr. M., who resides in Chicago, Illinois. He is seeking advice on whether or not chapter 7 bankruptcy will provide relief. Let’s go through and look at the particulars of his case. For starters, he has no significant assets whatsoever. He is not a homeowner; He does+ Read More

A Chicago Bankruptcy Attorney’s Christmas Wish List To Chapter 13 Trustees

Submitted by Anonymous (not verified) on Wed, 12/21/2016 - 18:37

At the close of every calendar year, I try and reflect about the year past from a bankruptcy standpoint. What was most rewarding about being a chapter 13 bankruptcy attorney? What would’ve made the practice of law even more rewarding? What types of rulings or policies would I have liked to have seen go in+ Read More

Looking Ahead To Next Year With Optimism

Submitted by Anonymous (not verified) on Wed, 12/14/2016 - 00:42

A Better Year Awaits As the year comes to a close, people look to the upcoming year with optimism. What can make next year better than the current year? For some this might mean a better relationship, a better job, a healthier lifestyle, and for some a financial fresh start. For those that have struggled+ Read More

Bankruptcy Case Study

Submitted by Anonymous (not verified) on Sat, 12/03/2016 - 17:53

Introduction Of Debtor This is the bankruptcy case study for Ms. R., who resides in Berwyn, Illinois. She is here to seek bankruptcy protection and to eliminate the struggle that she has been in for some time regarding debt. To determine whether or not she can file and get the relief needed, we need to+ Read More

Wage Garnishment Proceedings: An Employer’s Perspective

Submitted by Anonymous (not verified) on Tue, 11/29/2016 - 00:30

Creditors Collection Tool As a wage earner, nobody wants to see their wages garnished. Whenever a person is working for wages and they have an outstanding monetary judgment against them, there is always the risk and concern that a wage garnishment summons could be forthcoming. Judgment creditors and their lawyers have access to information which+ Read More

New Bankruptcy Rule, Fee and Form Changes Effective 12-1-16

Submitted by Anonymous (not verified) on Tue, 11/22/2016 - 20:10

Beginning December 1, 2016, Proposed Federal Bankruptcy Rule, Fee and Form Changes will take effect.  The bulk of the changes will relate to litigation and notice provisions.  There will not be significant changes to the debtor’s bar.  There will be a $1.00 increase in filing fees for amending the creditor list or notice list.  The+ Read More

What Does A Bankruptcy Cost?

Submitted by Anonymous (not verified) on Thu, 11/17/2016 - 21:09

The filing fee is $335.00 for a Chapter 7 bankruptcy filing.  The filing fee for a Chapter 13 bankruptcy case is $310.00.  Some attorneys will allow for the attorney’s fees to be paid over an extended period of time.
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