Recent Blog Posts

As soon as you have made the decision to file for bankruptcy, it’s important to get in touch with an attorney who can help you through the process. But which qualities should you look for in your potential bankruptcy lawyer? The following are a few tips to consider: Professionalism. Your potential attorney should be completely…

Whenever you file for bankruptcy protection, you are required to attend a meeting with your creditors to answer certain questions about the information you included in your bankruptcy paperwork. The bankruptcy trustee assigned to your case leads this meeting. Most of these questions are simple, but it’s important to be prepared for them. Before the…

The issue of bankruptcy became central a few years ago during Atlanta’s heated city council race between H. Lamar Willis and Andre Dickens. Dickens took fire from the Willis campaign over his $1.1 million bankruptcy filing. This tactic ended up backfiring, however, as Dickens was quick to point out his bankruptcy was the responsible course…

In searching for a debt solution that’s right for your particular financial situation, it can be difficult to decide where to turn. There are countless credit counselors and debt settlement organizations out there, and it’s tough to sort out the good from the bad. To receive the best possible solution, there are a few things…

As a general rule, Americans don’t do delayed gratification well. We live in a youth-oriented society that moves at the speed of technology without a thought for what is going to happen tomorrow. We live, work and consume, and push away thoughts about what it might be like for us when we are older. We…

If you thought that you could not discharge income tax debt in bankruptcy, then you might be happy to be mistaken if you owe money to the IRS. You absolutely may discharge old tax debts, penalties and interest in Chapter 7 and Chapter 13 bankruptcies, as long as you qualify under a few simple IRS…

If you are experiencing financial difficulties, the last thing you need is to be taken in by a scam. Unfortunately, debt elimination scams are an increasingly popular way for fraudsters in Illinois to take advantage of people when they are most desperate. One of the most important things to look out for is the general…

There is a simple and easy way to understand the difference between secured and unsecured debt. Secured debt is backed by some type of property, such as a car or house. Defaulting on this type of debt typically means the forfeiture of the property in question. Unsecured debt is backed simply by a promise of…

Sometimes it takes going through a financial emergency to understand the vital importance of having an emergency fund on hand. Life is expensive. Sometimes things happen that are beyond the realm of your control, such as a roof repair, a mechanical problem with your car, an out-of-town funeral or any other expense that is outside…

Bankruptcy and divorce often go hand in hand because making the transition from a single household to two separate ones is an expensive one. When a couple amasses credit card debt over the course of the marriage, it becomes the responsibility of both parties to pay it off. Unfortunately, when all of the bills have…