Chapter 7 can give you a break from inflation
Leeders Law
by Terrance Leeders
9M ago
https://leederslaw.com/wp-content/uploads/2022/05/Break-from-inflation.mp4 Chapter 7 bankruptcy can give you a break from inflation.  Is your credit card debt soaring due to inflation?  Are you not paying your debt just so you can afford to buy food and put gas in the car?   A quick chapter 7 bankruptcy case can get you out of debt in 90 days.   Don’t let the economy get the best of you.  Talk to a local bankruptcy lawyer to help you get out, and stay out of debt today.  We always offer free bankruptcy consultations, schedule one today.  The post Ch ..read more
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New O’Hare Bankruptcy Office
Leeders Law
by Terrance Leeders
11M ago
I want to introduce our new O’Hare bankruptcy office.    We are conveniently located at 8770 W Bryn Mawr Ave, Chicago, IL 60631 just off of I-90.    This bankruptcy office will serve chapter 7 and chapter 13 bankruptcy clients on the Northwest Side of Chicago and surrounding suburbs.   Our office hours are by appointment, so call 312-346-7400 now if you want to schedule a free bankruptcy strategy session to meet with an experienced bankruptcy lawyer.  The post New O’Hare Bankruptcy Office appeared first on Chicago Bankruptcy Attorney ..read more
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Chapter 13 Bankruptcy Debt Limits increase April 1, 2022
Leeders Law
by Terrance Leeders
11M ago
Chapter 13 Bankruptcy debt limits will increase on April 1, 2022.    Code section 11 U.S.C. § 109(e) amounts change every 3 years.  Unsecured Debts Noncontigent, liquidated unsecured debts must be less than $465,275  (was $419,275).   Secured Debts Secured debts must be less than $1,395,875 (was $1,257,850).  The post Chapter 13 Bankruptcy Debt Limits increase April 1, 2022 appeared first on Chicago Bankruptcy Attorney ..read more
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Eviction moratorium ending.
Leeders Law
by Terrance Leeders
1y ago
The U.S. Supreme Court ends Covid-19 eviction moratorium on residential properties. Residential eviction moratorium ending this week.  If you have accumulated past due rent from Covid-19 illness or lost wages, your landlord can now move to evict you and put you out.   The US Supreme Court has ended the residential eviction moratorium.  Landlords are lining up to start evictions, which have been suspended for over a year.   Many landlords are owed thousands of dollars, but were unable to find relief, until now.    Recent reports have shown that only 11% o ..read more
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The Medical Bankruptcy Fairness Act of 2021 proposed legislation addresses Medical Bankruptcy and Student Loan Assistance
Leeders Law
by Terrance Leeders
1y ago
The Medical Bankruptcy Fairness Act of 2021 proposes to ease the impact of medical bills due to unforeseen medical circumstances and for Public Heath related shutdowns (ie: the Covid-19 pandemic). The legislation is asking to waive the pre-filing credit counseling requirement. Many view this requirement as unnecessary, not beneficial and find it as just another hurdle to getting relief, especially because these types of debts were incurred through no fault of the debtor and would thus provide no benefit. There are also proposed changes to the homestead exemption, allowing debtors to protect up ..read more
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Bankruptcy Cases expected to soar in 2021 due to Covid-19
Leeders Law
by Terrance Leeders
1y ago
Bankruptcy cases are expected to soar in 2021.  The Wall St. Journal projects an increase in consumer bankruptcy filings in 2021 as stimulus checks and other forms of temporary relief run out. The time to file is now to avoid the rush. Contact me for a free consultation and I can show you how I can help you get a fresh start, eliminating your consumer debt, and relieving the stress that you feel as a result of Covid-19, coronavirus, E-Learning, loss of jobs, closing businesses, continued unemployment etc. The stress can really pile up and I can help ease that pressure with a chapter 7 or ..read more
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Free CPS breakfast and lunch for students while e-learning
Leeders Law
by Terrance Leeders
1y ago
  Have you picked up your free CPS breakfast and lunch for your e-learning children today?  Are you a working parent who is struggling with finances while at home with your kids doing e-learning?    CPS is still offering breakfast and lunch for their students.   This can help tremendously.  These nutritious meals include fruit and veggies like apples, pears, celery sticks, baby carrots, 1% or lowfat white and chocolate milk and tasty meals your kid will eat – like pizza, hamburgers, nachos and tasty snacks as well.     Unemployed parents might ..read more
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Do you qualify for the city of Chicago free high speed internet program?
Leeders Law
by Terrance Leeders
1y ago
Are your children doing E-learning this year? The city of Chicago is offering high speed internet to those in need. Check here to see if you qualify. https://www.cps.edu/strategic-initiatives/chicago-connected Help your children get the best education possible, and help your monthly budget along the way. The post Do you qualify for the city of Chicago free high speed internet program? appeared first on Chicago Bankruptcy Attorney ..read more
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Does your work at home space qualify for a home office tax deduction with the IRS?
Leeders Law
by Terrance Leeders
1y ago
Do I qualify for a home office tax deduction?  Covid-19 has sent many workers home, scrambling to find space to set up a home office.    Are you in a unused bedroom?   Are you in the basement?  I’ve even heard of some people setting up in the garage too!  Many times it’s right along side of your children’s e-learning stations.  Does your work at home space qualify for a home office IRS tax deduction?  To qualify for a home office tax deduction on your tax return, the IRS states that your space must be regular and exclusive use.    Setting ..read more
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Bankruptcy filings expected to increase – FALL 2020
Leeders Law
by Terrance Leeders
1y ago
I anticipate an uptick in bankruptcy business because Chicago Public Schools and many suburban schools are not doing in-person learning. Working parents will have to stay home or hire full time daycare to manage. This, on top of the CARES Act unemployment benefits that have expired will put a financial strain on many households in the city and suburbs. If you know anyone struggling to pay their bills, let them know I can help.     So many individuals and families are living paycheck to paycheck.  Thousands have lost their jobs do to Covid-19 closures.  Small businesses ..read more
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