Monthly Archives: June 2026
How to Stop Collection Calls Without Filing Bankruptcy
The phone rings. Again. It’s that same number you’ve been dreading, and your stomach drops before you even answer. Collection calls have a special talent for ruining a perfectly good Tuesday. But here’s something most people don’t realize: you may be able to make them stop, and bankruptcy doesn’t have to be part of… Read More »
What is the Best Interests of Creditors Rule?
The best interests of creditors rule significantly expands the bankruptcy exemptions in Illinois. These property exemptions are already among the most debtor-friendly ones in the nation, thanks to some recent legal changes. This rule applies in all kinds of consumer bankruptcies, but primarily in Chapter 7s. These informal exemptions, along with the formal, written… Read More »
How Do I Know if I Qualify for Chapter 7 or Chapter 13?
Most people qualify for both Chapter 7 and Chapter 13. As outlined below, household income usually determines Chapter 7 qualification. Household debts typically determine if a debtor qualifies for Chapter 13. In brief, most people with excessive unsecured debts, like credit cards and medical bills, file Chapter 7. This form of consumer bankruptcy quickly… Read More »
The Facts About Chapter 13 Bankruptcy in Illinois
Most families in the Prairie State have heard all the myths about Chapter 7 bankruptcy, but they haven’t heard any of the facts about this government-sponsored debt relief program. As a result, they don’t know the relief that’s available to distressed debtors. Most families live from hand to mouth. Therefore, even a temporary income… Read More »