Articles from David M. Siegel

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Filing Bankruptcy Should Not Kill A Loan Modification

Submitted by Anonymous (not verified) on Mon, 08/15/2016 - 23:41

Loan modifications come in many different forms and at many different times as they relate to a bankruptcy filing. The most common loan modification is one that avoids bankruptcy entirely. I’m referring to a person or couple that fall behind on their mortgage, reach out to their lender for loss mitigation opportunities and are lucky+ Read More

Bankruptcy Case Study For Ms. Jones

Submitted by Anonymous (not verified) on Wed, 08/10/2016 - 20:21

This is the bankruptcy case study for Ms. Jones who resides in Joliet, Illinois. Ms. Jones was in the office today to determine whether or not Chapter 7 or Chapter 13 bankruptcy will provide some needed relief. Let’s go through the facts and details of her case. Ms. Jones is not a homeowner. She is+ Read More

Filing Without Full Payment, Ok. Filing Without Full Documents, Problemati

Submitted by Anonymous (not verified) on Thu, 08/04/2016 - 19:04

It is very true that a Chapter 7 bankruptcy case can be filed without having the full attorney fees paid up front. In fact, there are some attorneys that are willing to advance even the filing fees in certain circumstances.  However, for a valid Chapter 7 bankruptcy case to be filed, there are certain documents+ Read More

Bankruptcy Case Study For Michael M.

Submitted by Anonymous (not verified) on Wed, 07/27/2016 - 20:12

  This is the bankruptcy case study for Michael M., who resides in Aurora, DuPage County, Illinois. Michael is currently being garnished for a hospital bill and is seeking protection under the bankruptcy code. He is inquiring as to whether or not he can file a Chapter 7 to stop the garnishment and yet keep+ Read More

It’s Getting Harder And Harder To Get Paid In A Chapter 13 Bankruptcy Case

Submitted by Anonymous (not verified) on Fri, 07/22/2016 - 21:22

Chapter 13 bankruptcy cases are difficult for the debtor as well as the attorney. The debtor has to fulfill a series of requirements prior to filing as well as additional requirements subsequent to filing. The attorney does the bulk of his work upfront and fights to get paid as the case progresses. In recent weeks,+ Read More

Chapter 13 Bankruptcy Considerations From A Legal Perspective

Submitted by Anonymous (not verified) on Mon, 07/11/2016 - 23:08

  There are five major areas of concern when considering filing for Chapter 13 bankruptcy.   1) The first concern is the type of debt. There are certain debts that can be eliminated in a Chapter 13 at less than 100% payback. There are other debts that cannot be eliminated and must be paid back+ Read More

Parking Tickets Incurred After Filing Chapter 13: What Can Be Done?

Submitted by Anonymous (not verified) on Thu, 07/07/2016 - 23:27

A Chapter 13 debtor filed for bankruptcy on September 11, 2014. Within the Chapter 13 case, he planned on repaying approximately $4,700 worth of parking tickets owed to the city of Chicago. The proposed plan was going to pay back approximately 10% to 20% of those parking tickets over a 3 to 5 year term.+ Read More

Recover Your Car Under Chapter 13 Or Obtain A New Car Under Chapter 7

Submitted by Anonymous (not verified) on Thu, 06/30/2016 - 21:29

If your car was recently repossessed by the finance company, you have the ability under Chapter 13 bankruptcy law to recover that vehicle. You do so by filing a Chapter 13 bankruptcy case and proposing a plan to reorganize or repay that auto debt over time. You can reduce the interest rate owed to the+ Read More

Chicago, The City That Works: Not So Much During Saturdays Hours

Submitted by Anonymous (not verified) on Tue, 06/28/2016 - 00:40

In recent memory, the city of Chicago had a slogan that was plastered all over town.  You would see it in campaign ads, hear it on the radio, see it written in the newspaper and talked about in City Hall. Chicago was declared the “city that worked.” It was the model case, the shining example+ Read More

Bankruptcy Attorneys Must Ask Personal Questions: Bankruptcy Is Personal

Submitted by Anonymous (not verified) on Thu, 06/23/2016 - 22:13

Bankruptcy Attorneys Must Ask Personal Questions: Bankruptcy Is Personal Attorneys Ask Questions If you are someone who is considering bankruptcy, you may have already spoken to or met with a bankruptcy attorney about your situation. Whether you had an initial consultation over the telephone or whether you appeared in the attorney’s office, you will recall+ Read More

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