A California man who pleaded guilty earlier this year to fraudulently concealing assets in his bankruptcy case was sentenced to six months in federal prison.  Mark Hagen, resident of La Jolla, admitted he lied to the bankruptcy court about his assets when he filed for protection in 2008.  He failed to be honest about thousands [...]

Federal investors found that National City Bank systematically charged black and Hispanic borrowers more in interest and fees on mortgages from 2002 through 2008.  This resulted in statistically significant discriminatory pricing disparities based on race and national origin, and cause

“The Consumer Financial Protection Bureau “CFPB” has ordered Ocwen Financial Corporation (NYSE:OCN) to provide $2 billion in principal forgiveness relief to homeowners throughout the next three years as part of a larger settlement agreement.

This is the case of Melika Murray who comes to me from North Chicago which is Lake County, Illinois for a bankruptcy consultation.  Ms.

Many debtors feel bankruptcy is their final option in helping them regain financial control.  While there are filing fees and credit counseling fees that are required, many wonder how they can pay if they can’t afford to pay their creditors. You may even have the notion of saying why bother paying for an attorney when [...]

U.S. Sen. Elizabeth Warren, a Massachusetts Democrat, introduced legislation on Tuesday that would prohibit employers from requiring job applicants to disclose their credit history.

Diane L. Drain, attorney and counselor

This is the case of Jeffrey and Debra Miller who live in Gilberts, Illinois which is in Kane County Illinois.  They were here for a consultation on either Chapter 7 or Chapter 13 bankruptcy.  As we run through the facts here, they have not filed a bankruptcy before.  They do own a home with a+ Read MoreThe post Bankruptcy Filing Will Depend Upon The Means Test appeared

Chapter 13 bankruptcy is a repayment plan that restructures debt obligations to help you make affordable payments each month.  The plan is designed to help you get out of debt or help you catch up on debts you may have fallen behind on.  Making a purchase in Chapter 13 such as a vehicle may be [...]