Why is Personal Bankruptcy on the Rise After the Pandemic?
David M. Siegel | Bankruptcy Law Firm
by David M. Siegel
2M ago
Despite what logic might have told us, the two years following the COVID-19 pandemic had record-low numbers of personal bankruptcy filings. As people tightened their purse strings and relied on government and charity programs to make it through difficult times, fewer families needed the help of the bankruptcy court. However, the trend has turned around+ Read More The post Why is Personal Bankruptcy on the Rise After the Pandemic? appeared first on David M. Siegel ..read more
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What to Do Before Filing for Bankruptcy
David M. Siegel | Bankruptcy Law Firm
by David M. Siegel
4M ago
If you are considering filing for personal bankruptcy, you may be feeling overwhelmed and intimidated by the process. Whether you are confused about the types of bankruptcy or are not sure how to proceed with the chapter you have chosen, there are lots of questions you may have. Before you begin, here are a few+ Read More The post What to Do Before Filing for Bankruptcy appeared first on David M. Siegel ..read more
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Everything You Need to Know About Bankruptcy and Child Support
David M. Siegel | Bankruptcy Law Firm
by David M. Siegel
7M ago
For those who are owed or paying child support prior to filing for bankruptcy, the idea of discharge can be either terrifying or welcome. Regardless of which one applies to you, though, the truth of the matter might be altogether different than you imagined. Child Support Debt is Non-Dischargeable Child support is a priority debt.+ Read More The post Everything You Need to Know About Bankruptcy and Child Support appeared first on David M. Siegel ..read more
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What are the Differences Between Chapter 7 and Chapter 13 Bankruptcy?
David M. Siegel | Bankruptcy Law Firm
by David M. Siegel
7M ago
When filing for personal bankruptcy, it can sometimes be difficult to determine which bankruptcy chapter is the right one for you. Many factors are at play when making this decision, but the first priority for anyone considering either is to learn more about bankruptcy itself. While there are technically more than two types of personal+ Read More The post What are the Differences Between Chapter 7 and Chapter 13 Bankruptcy? appeared first on David M. Siegel ..read more
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Bankruptcy Matters For The Collar Counties To Be Heard In Chicago
David M. Siegel | Bankruptcy Law Firm
by David M. Siegel
9M ago
A new announcement has just been submitted by the Clerk of the United States bankruptcy Court for the Northern District of Illinois. Going forward in the post-Covid future, the outlying collar county court calls will no longer be heard in those collar counties. The matters will be heard via Zoom for Government or a party+ Read More The post Bankruptcy Matters For The Collar Counties To Be Heard In Chicago appeared first on David M. Siegel ..read more
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Finding a Trustworthy Bankruptcy Attorney in Illinois
David M. Siegel | Bankruptcy Law Firm
by dsiegel
1y ago
The decision to file for bankruptcy is one that may take a lot of time and thought.  It often comes at a very difficult time in one’s life.  The stress and uncertainty about the anticipated results as well as the fear of what the future will look like only adds to the difficulty.  Without the+ Read More The post Finding a Trustworthy Bankruptcy Attorney in Illinois appeared first on David M. Siegel ..read more
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American Bankruptcy Institute’s Recommendation For Student Loans In Bankruptcy
David M. Siegel | Bankruptcy Law Firm
by dsiegel
2y ago
Dischargeability of Student Loans The American Bankruptcy Institute recently released their final report on consumer bankruptcy. This report took place from 2017-2019 and analyzed dozens of issues as they relate to Chapter seven and Chapter 13 bankruptcy. The first issue that I would like to address is the non-dischargeability in general of student loans. As+ Read More The post American Bankruptcy Institute’s Recommendation For Student Loans In Bankruptcy appeared first on David M. Siegel ..read more
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Bankruptcy Filings Are Up In 2019
David M. Siegel | Bankruptcy Law Firm
by dsiegel
2y ago
As the new year has begun, it is time to look at the bankruptcy filing statistics from the first part of 2019 as compared to the first part of 2018. This fact will dictate where we may be heading for the rest of 2019. As expected, total bankruptcy filings in January 2019 increased 5 percent+ Read More The post Bankruptcy Filings Are Up In 2019 appeared first on David M. Siegel ..read more
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City of Chicago’s New Ordinance Regarding Parking Tickets
David M. Siegel | Bankruptcy Law Firm
by dsiegel
2y ago
When: Effective January 1st, there is new help for Chapter 7 debtors who owe money to the City of Chicago for  parking tickets and related fines.  A new Ordinance, sponsored by Mayor Emanuel provides in part that: Payment Plan: An eligible bankruptcy debtor may establish a payment plan to repay fines that were incurred within+ Read More The post City of Chicago’s New Ordinance Regarding Parking Tickets appeared first on David M. Siegel ..read more
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Chicago Chapter 13 Trustee’s Squeezing Debtors Into Dismissal
David M. Siegel | Bankruptcy Law Firm
by dsiegel
2y ago
Taxes, Refunds & Dismissals During the past several years, there has been a huge increase in Chicago trustees under Chapter 13 demanding taxes and refunds of the debtors. The bankruptcy code requires that a debtor provide to the trustee, annually, a copy of his or her tax return. This statutory requirement was primarily to ensure+ Read More The post Chicago Chapter 13 Trustee’s Squeezing Debtors Into Dismissal appeared first on David M. Siegel ..read more
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