Tag Archives: bankruptcy attorney

Announcing Our New Gurnee Office Location

Posted on March 12, 2013 by

If you are in the northern Lake County area, we can meet you at our new Gurnee office. So you can call to discuss your situation and set up a free first consultation with an experienced bankruptcy and foreclosure defense … Continue reading →

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Is a Deed In Lieu a Good Option?

Posted on March 3, 2013 by

Here is a question I answered about the “Deed in Lieu” option. Deed in Lieu means giving the bank back the house by agreement, right away, instead of making them go through the whole foreclosure process and spending the legal … Continue reading →

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Small Businesses: Top 5 Warning Signs of Financial Problems

Posted on February 18, 2013 by

When small business owners meet with me, they often are so deep into their problems that they didn’t see them sooner. Sometimes, a business owner is focused on keeping the business alive that they continue to run the business at … Continue reading →

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Credit Scores- Myths v. Reality

Posted on February 3, 2013 by

Here is a link to a great article with some tips for consumers. How is your credit score determined? What are the real facts? Important stuff to know, for your financial life now and in the future. http://articles.chicagotribune.com/2013-01-04/site/sc-cons-0103-karpspend-20130104_1_credit-scores-numerical-snapshot-credit-reports If you … Continue reading →

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Which is Better? Foreclosure or Bankruptcy?

Posted on January 26, 2013 by

Here is a question asked on AVVO.com: Is it better to file a bankruptcy than to have a foreclosure? We bought two houses, one a residential and one was made commercial (for rental purposes) but the second one needed a … Continue reading →

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I’m Expecting a Tax Refund—When Should I File Bankruptcy?

Posted on January 23, 2013 by

I’m Expecting a Tax Refund—When Should I File Bankruptcy? This is the time of year when people are preparing to file their income tax returns. Most of the clients I see are expecting, and hoping for, a large tax refund. … Continue reading →

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Update — Mortgage Forgiveness Debt Relief Act Extended 1 More Year

Posted on January 3, 2013 by

Under the “Fiscal Cliff” deal, the IRS provisions which eliminated taxes on forgiven debt for short sales on houses was extended. It was set to expire at the end of 2012. Now it will be extended until the end of … Continue reading →

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Bankruptcy and Divorce: Getting through the Maze

Posted on January 2, 2013 by

Dealing with financial problems is not easy. When clients are also dealing with divorce issues, it makes their situation much more difficult. Most of the time, when clients call me, the bankruptcy lawyer, they are already separated and trying to … Continue reading →

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As a corporation, do I need a lawyer to file a ” Challenge dischargeability of certain debts” in a chapter 7 bankruptcy case?

Posted on December 30, 2012 by

A person on Avvo.com asked a question of whether a corporation needs a lawyer to file a “challenge” to the dischargeability of certain debts: Here is my answer: A corporation is required to have an attorney represent it in court … Continue reading →

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How to Fill out Schedules in Bankruptcy Case- Consult an Experienced Bankruptcy Attorney

Posted on December 15, 2012 by

Question on Avvo.com: I am in the process of filing chapter 13 to stop a home foreclosure. A few days ago, I received a letter from my mortgage company (who holds the note) stating my loan servicing would be sold … Continue reading →

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