Bankruptcy

Recent Posts in Bankruptcy

  • Student loans have become one of the largest financial concerns of our generation, and for good reason. Today, student loan debt exceeds all other types of debt, and has been noted as a substantial barrier to major life milestones, such as buying a ...
  • 7 Ways You Can Sue a Debt Collector

    Most people want to pay off their debt; however, unfortunate circumstances in life can make it an extremely difficult task. On many occasions, a debt collector will work with those in debt and resolve the issue. However, not every debt collector ...
  • The Consumer Financial Protection Bureau (CFPB), a government agency that ensures consumers are treated fairly by lenders and financial companies, has finalized new rules that require loan servicers to offer more transparency and communication. ...
  • Hope For Student Debtors?

    Unlike other types of debt, student loans are notoriously known for being near impossible to discharge, with the debtor given the burden of proving that repaying the loan would cause “undue hardship”. A recent court case, however, has ...
  • Motions to Dismiss Denied in FDCPA/FCRA Case

    A recent FDCPA/FCRA case out of the U.S. District Court Northern District of Illinois Eastern Division resulted in a denial of all attempts by the defendant to dismiss the counts against them. Bayview Loan Servicing, LLC is accused of failing to ...
  • Attorneys Ahmad T. Sulaiman and Matthew H. Hector are the authors of Consumer Defense: A Tactical Guide to Foreclosure, Bankruptcy, and Creditor Harassment: The Luxury of the Informed, a comprehensive guide on consumer law written for lawyers and ...
  • Recently, our Chicago consumer law attorneys, Attorney Paul M. Bach and Attorney Penelope N. Bach asked the bankruptcy court to review a case for our client, Renato Casali. Casali filed for Chapter 7 bankruptcy on July 31, 2013. Prior to filing, ...
  • Myths & Facts About Payday Loans

    It is pretty common for those who are considering bankruptcy to have taken out one or more payday loans in the past. Payday loans, also called cash advance loans, are small loans that are meant, in theory, to be paid off by the time the borrower ...
  • A bankruptcy judge has ordered 50 Cent into her courtroom to explain a number of photos of the rapper posing with large stacks of cash, suggesting that he could be lying about his current financial situation after filing for Chapter 11 bankruptcy ...
  • A topic that is often overlooked regards debts for people over the age of 65. If debts are large enough, who will be responsible for paying such debts after the elderly person can no longer pay them? Sources state that although assets and income are ...
  • How to Fix Your Credit Report After Bankruptcy

    One of the most frequently asked questions we receive from clients is how to fix a credit report after bankruptcy. While it is very important for everyone to periodically check their credit report for errors, it is especially important for people who ...
  • Are Income Taxes Dischargeable in Bankruptcy?

    Contrary to popular belief, income taxes can be discharged at bankruptcy under certain circumstances. In fact, local, state, and federal income taxes can be discharged in Chapter 7, Chapter 11, and Chapter 13 bankruptcy, along with interest and ...
  • On April 16, 2007, the Plaintiff executed a mortgage loan from Bank of America, N.A. After the Plaintiff failed to make adequate payments, Bank of America, N.A. filed a Foreclosure Complaint. In January 2013, the Plaintiff filed a Chapter 13 ...
  • The Department of Education has recently intervened in the case of a 65-year-old man named Robert Murphy, who has struggled for over three years in a legal battle to have his student loan debts discharged by bankruptcy. While student loans are ...
  • Hack of the Month

    Living in a world centered on data and the channels through which it travels, high-level hacking is an all too familiar occurrence. Not too long ago, hackers rocked Hollywood by breaching Sony Pictures’ security system. The latest hack touches ...
  • Tuition Payments and Bankruptcy

    Recently, a bankruptcy trustee in New Haven Connecticut filed suit against Johnson & Wales University alleging that tuition payments made by the debtors should be returned by the University. The trustee is alleging that the debtors’ ...
  • Surrendering a Home During Chapter 13 Bankruptcy

    Many people going through bankruptcy want to know: what will happen to my home? Unfortunately, the answer to that question is not black-and-white. Rather, it depends on your individual circumstances. One option that you may consider while going ...