Contrary to news reports, there are times when you can wipe out student loans in a bankruptcy case. To do so, you're required to not only file for bankruptcy but also to file a separate lawsuit and prove that the debt amounts to an undue hardship. If you can meet the standard required under the Read the article

Below is a partial transcript of David M. Siegel as he talks bankruptcy law for the Legal Action television show which airs on Comcast Cable throughout Chicago and its suburbs: Interviewer: Let me ask you this.  I work at a bank so is my employer going to find out if I do a bankruptcy? David Siegel: Your+ Read More

Students have taken on more than $1 trillion in debt to pay for the relentlessly rising costs of higher education. With that much debt outstanding, it’s no surprise that there are increasing numbers of borrowers defaulting on student loan debt, and seeking to discharge that debt by filing for bankruptcy protection. But, as a Wisconsin man recently learned, discharging student loan debt in bankruptcy is no easy feat. Read More ›

If you don’t pay your Walworth County real estate taxes, you will lose your home. That statement is straight to the point. Walworth County real estate taxes are due at the end of January. Is this the third year you have been unable pay? If so, you may lose your home due to unpaid property taxes.
 
What Happens When Walworth County Real Estate Taxes are Delinquent?

A few years ago I had a client who needed to file for bankruptcy. He was a talented musician who’d had a few good years but when tastes in music shifted he was left behind.
Now he was working an entry level job at 56 years old just to make ends meet. And he was deep in debt to the government for unpaid income taxes.
The IRS and the state taxing authorities were coming after him, threatening wage garnishment. His income was barely enough to get through each month, and he was scared.

A few years ago I had a client who needed to file for bankruptcy. He was a talented musician who’d had a few good years but when tastes in music shifted he was left behind.
Now he was working an entry level job at 56 years old just to make ends meet. And he was deep in debt to the government for unpaid income taxes.
The IRS and the state taxing authorities were coming after him, threatening wage garnishment. His income was barely enough to get through each month, and he was scared.

A few years ago I had a client who needed to file for bankruptcy. He was a talented musician who'd had a few good years but when tastes in music shifted he was left behind. Now he was working an entry level job at 56 years old just to make ends meet. And he was Read the article
The post Why You Should Always File Your Tax Returns Before Bankruptcy appeared first on Shaev & Fleischman P.C..

Ford Credit Has the Right to Pick Up You Car When you File Bankruptcy, Even If You Are Current. Actually, under the 2005 bankruptcy reform, any car finance company can pick up your car when you file bankruptcy.  But Ford Motor Credit is the only national lender that does that.

Ford Credit Has the Right to Pick Up You Car When you File Bankruptcy, Even If You Are Current. Actually, under the 2005 bankruptcy reform, any car finance company can pick up your car when you file bankruptcy.  But Ford Motor Credit is the only national lender that does that.  (A few states have laws […]

When considering a Walworth County bankruptcy filing, cost is top of mind. When you have a pile of bills, adding another one onto the heap doesn’t make you feel much better. One of the most common questions I am asked is, “How Much Does a Walworth County Chapter 7 Bankruptcy Cost?”
 
Calculating the Cost of a Walworth County Chapter 7 Bankruptcy