Monthly Archives: February 2026
Benefits of Bankruptcy Chapter 13
Many people think Chapter 13 bankruptcy is a Monopoly bankruptcy. These board game players lose all their property and drop out of the game when they declare bankruptcy. This erroneous outlook probably contributes to the bankruptcy-phobia many people have. These individuals have a crippling, unreasonable fear of bankruptcy that prevents them from even considering… Read More »
What Can a Chicago Bankruptcy Lawyer Do About Back Taxes?
Tax relief agencies often make big promises but have no plan to reduce tax liability. A lawyer has multiple options, mostly because lawyers know all the legal loopholes that exist in areas like tax planning, preparation, and payment. Everyone must pay a fair share of taxes. But no one should pay more than their… Read More »
Home Mortgage Debt Settlement Options
Mortgage debt settlement is a pressing issue for many families in Chicagoland. Illinois has one of the highest home foreclosure rates in the country. Mostly, that’s because, under state law, banks can begin the foreclosure process after just one missed payment. As outlined below, debt settlement options are available in these situations. However, these… Read More »
If I File Bankruptcy, Do I Lose My Workers’ Comp Benefits?
No, you don’t lose your workers’ comp benefits if you file bankruptcy. That’s very good news for Illinois families because job injuries and financial problems often go hand-in-hand. Injury-related lost wages exceed $9 billion per year. Workers’ compensation offsets some, but not all of, these costs. Most families live from hand to mouth. So,… Read More »
