During the last few years of the “housing crisis”, I’ve seen many people whose houses are in foreclosure. They want to save their house. They get the “court papers”- the Complaint for Foreclosure. So they go to court and try to figure out what to
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Be Careful if you decide to Short-Sell Your house in 2014! Tax Break on Homeowner Mortgage Debt Forgiveness Expired.
Since 2007, when the housing market crashed, Congress created an exception to the normal rule. The normal rule is that if a mortgage lender forgives some of the debt on your house from a short sale or “deed in lieu of foreclosure”, you, the one
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When to Lift the Bankruptcy Stay in Family Law and Divorce Cases
Many times, when people are getting divorced, they are also having debt issues, and possibly bankruptcy may follow. I wrote about the issues that come up when deciding about filing for bankruptcy and divorce in my article: Bankruptcy and Divorce- Getting Through the Maze. But,
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Same-Sex Couples Who are Legally Married Can Now File Bankruptcy Together- How Does This Impact Means Test?
In the wake of the recent US Supreme Court decision ensuring equal rights for same-sex couples, the Justice Department has issued new rules to allow them to file a joint Bankruptcy case if they are legally married. According to a Wall Street Journal article, President Obama’s
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What to do if you Get at 1099-C From a Mortgage Company After Foreclosure and Bankruptcy?
You did everything right. You needed to give up your house because it was under water, and couldn’t short sell it. So, you filed bankruptcy, and let the house get foreclosed on. So, as a result of the Chapter 7 Bankruptcy, you can’t be sued
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Bankruptcy Law Chicago—On the Move!
The big day is here—and I’m not talking about the Super Bowl! Bankruptcy Law Chicago’s main downtown office is moving! We aren’t moving across town, or even down the street… We are moving down the hall. Now, why am I writing about this, not a
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How to Get on the Right Financial Track for the New Year
Getting our money and finances straight is not easy. Now is the time for resolutions, and 2014 is the time to start setting things up so you can have a better 2014. Even though I help people who are in financial trouble, it’s never too
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Why Finding the Right Bankruptcy Attorney is like Going on a Job Interview
If you are having financial problems, you have a lot of stress in your life. So, how would you go about finding an attorney to help you? There are many ways to find the name of an attorney, such as asking a friend, or looking
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Important Court Ruling Allows Illinois Homeowners to Pay Sold Taxes in Chapter 13
Almost year ago, I wrote about this issue. Homeowners in Illinois who don’t pay real estate taxes on time are given a certain amount of time to pay the taxes. If, at the end of the year, they don’t pay their real estate taxes, the
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New Reports Available- 7 Secrets to a Successful Chapter 7 Case, and 13 Secrets to a Successful Chapter 13
I wrote 2 new reports to help people understand the bankruptcy process better: 7 Secrets to a Sucessful Chapter 7 Case and 13 Secrets to a Successful Chapter 13. Call or email us for your free copy. Here is an excerpt: As an attorney with
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