New Bankruptcy Rule In Chicago

For nearly 10 years or so, there was a document filed in every bankruptcy case known as an electronic filing declaration. This declaration was signed by the debtor and it basically said that the case was being filed electronically and that the signature on such document was the equivalent of a signature on all the+ Read More

How Will Bankruptcy Affect Your Bank Account?

When someone decides to file for bankruptcy in New York, one of the first things they wonder about is their bank account. Will they be allowed to keep the funds they have there? Or is the account just another asset that needs to be itemized and liquidated by the bankruptcy trustee?

Is There Really A Downside to Steering Clear of Student Loans?

steer clear of student loans downside
It turns out there’s a downside to declining the opportunity to dig yourself into a pit of student loan debt. You probably can’t afford to pay for college any other way. But is that such a bad thing?

The Financial Institutional Bankruptcy Act of 2014 Passed

The House of Representatives have passed a bill that will permit banks to file for bankruptcy.
The bill, passed on Monday, is known as The Financial Institutional Bankruptcy Act of 2014. It will allow financial institutions to willingly begin the process of bankruptcy, or in some instances, allow the Federal Reserve to start the process.

Can I File Chapter 13 Bankruptcy If I Am Unemployed?

Yes, you can still file for Chapter 13 bankruptcy protection if you are currently unemployed or become unemployed while you are in the repayment process.  Mainly you just need to have some source of income to maintain payments into the Chapter 13 plan, even at a reduced level. We welcome your questions about filing for […]

State Files Charges Against Local Doctor for Obtaining Controlled Substances

controlled-substances-2PInellas County authorities have charged a local doctor with writing fraudulent prescriptions so she could obtain controlled substances.

State Files Charges Against Local Doctor for Obtaining Controlled Substances

controlled-substances-2PInellas County authorities have charged a local doctor with writing fraudulent prescriptions so she could obtain controlled substances.

Can Individuals “Strip Off” Second Mortgages on Underwater Homes in Chapter 7 Bankruptcy? The Supreme Court to Decide

On Monday, November 17, 2014, the U.S. Supreme Court agreed to hear two bankruptcy-related cases that involve issues commonly faced by banks and homeowners with underwater mortgages in Chapter 7 cases. The cases of Bank of America v. Caulkett and Bank of America v. Toledo-Cardona come from Florida, where many homeowners own homes with mortgages that exceed equity value due to the recent housing crisis.

Confidentiality or Obstruction of Justice: Where’s the Line?

Confidentiality or Obstruction of Justice: Where’s the Line? For a consumer bankruptcy lawyer, I’m litigious.  I’m quick to sue. I hate it when people do illegal stuff to my customers. People in financial trouble can be magnets for illegal stuff.  Fair Debt Collection Practices Act violations.  Fair Credit Reporting Act violations.  Illegal internet payday loans.

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