Monthly Archives: July 2011

Top 5 Reasons You Should NOT Withdraw Money From Your Retirement Account to Pay off Debt

Posted on July 26, 2011 by

Top 5 Reasons You Should Not Withdraw Money From Your retirement Account To Pay Off Debt Many people think that they can bail themselves out of trouble by getting out of a short-term crisis and borrowing from their retirement account, … Continue reading →

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Bankruptcy Isn’t Unusual — Even For Pro-Sports Teams

Posted on July 25, 2011 by

It appears it isn’t uncommon for owners of sports teams to file for bankruptcy. See the article below for more information. Sports Bankruptcy

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Can You Eliminate Parking Tickets in Bankruptcy?

Posted on July 25, 2011 by

powerball Client asks: Can I get rid of my parking tickets in a bankruptcy? Lawyer answers: It depends on the type of bankruptcy case you are filing. There are two kinds of bankruptcy cases that a person can file, Chapter … Continue reading →

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Countrywide Customers to Get Settlement from Overcharges

Posted on July 22, 2011 by

http://www.nytimes.com/2011/07/21/business/countrywide-to-pay-borrowers-108-million-in-settlement.html?_r=1&scp=2&sq=countrywide&st=Search Courts are taking note- the lenders have been overcharging customers once they are in default or foreclosure and have filed improper claims in bankruptcy– you may be getting money back. The important thing is that courts are paying attention! … Continue reading →

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Tax consequences of Loan Modifications- Be Careful!

Posted on July 18, 2011 by

http://www.chicagotribune.com/classified/realestate/ct-mre-0717-podmolik-homefront-20110715,0,421878.column Watch out for tax consequences of a short sale, home loan modification or forgiveness of debt. There are some exceptions, and some will expire in 2012 if new legislation is not passed. Daniel J Winter WWW.BankruptcyLawChicago.com 312-427-1613 djw@dwinterlaw.com

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Homeowners are fighting back

Posted on July 18, 2011 by

http://www.chicagotribune.com/classified/realestate/ct-mre-0717-podmolik-homefront-20110715,0,421878.column Very important litigation is happening around the country, and judges are listening! The loan modification process is useless and in some cases deceptive. We will be following these important cases

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