Discharging student loans in bankruptcy is a complex and often misunderstood process. Traditionally, student loans have been notoriously difficult to discharge in bankruptcy, but recent legal developments and shifts in court opinions are changing this landscape. Understanding the Bankruptcy Code...
There is a common misunderstanding that filing for bankruptcy in Illinois will result in the discharge of all your debts. While it would be ideal for those experiencing financial difficulties to start anew, this is not always the case. The extent to which debts are discharged is determined by the...
Starting both a bankruptcy and divorce journey in Illinois at the same time may feel overwhelming, but it's possible to come out on the other side with a brighter outlook. The timing of these processes can impact their cost and complexity, and it's important to have a trustworthy guide. Attorney ...
In Chapter 7 bankruptcy, the objective is to eliminate debts, even if it means surrendering some of your belongings that were purchased on credit or through a loan. In a Chapter 13 bankruptcy, the focus is on restructuring your debts, allowing you to keep your property and repay your loans, gener...
Depending on your assets and debts, Chapter 7 bankruptcy is often the easiest and fastest way of eliminating personal loans, credit card balances, certain tax debt. Payday advances, medical bills, and other dischargeable debt. As a Chicago bankruptcy attorney with more than 20 years of experience...
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