Author Archives: Jessica Holguin
Bankruptcy Fraud Is A Serious Crime
Before you file for bankruptcy in Illinois, it’s imperative to know that you must be entirely honest. If you aren’t, your bankruptcy could be denied, and you could face serious criminal charges. Federal prosecutors say they’ve charged one Chicago-area man with bankruptcy fraud for concealing almost $300,000 worth of “classic” automobiles. Joseph W. Campbell,… Read More »
Congress Considers “Fairness For Struggling Students”
Currently, those who borrowed from private lenders to pay for their educations cannot discharge those student loans through bankruptcy, but some lawmakers want that provision of the bankruptcy law to change. The Fairness for Struggling Students Act of 2015, introduced in Congress this year by Illinois Senator Dick Durbin, would put private student loans… Read More »
Bankruptcy For Noncitizens
In 2013, immigrants in the United States numbered 41.3 million, or 13 percent of the total U.S. population. Chicago has one of the largest immigrant populations in the United States. Unfortunately, some of those immigrants fall into serious debt. Can a non-citizen receive protection from debtors and file bankruptcy in the state of Illinois?… Read More »
Will Bankruptcy Impact Your Job?
Can you be fired if you file for bankruptcy? If you are seeking work, can a potential employer refuse to hire you because you’ve filed for bankruptcy? Relax. In most situations, filing for bankruptcy will have no effect on your current job. No employer in either the public or private sector may fire you… Read More »
Why You May Need A Chicago Real Estate Lawyer
When the stock markets are volatile – which is most of the time – an investment in real estate is an appealing financial prospect. While the real estate market has its own ups and downs, in most locations real estate reliably appreciates over the long run. When you buy a residence, a number of… Read More »
Five Tips For Rebuilding Your Credit
Re-establishing some stability in your life after a bankruptcy doesn’t have to be overwhelming. If you file for Chapter 7 or Chapter 13 bankruptcy protection in Illinois, you should know that you can still enjoy life after bankruptcy, and it doesn’t have to be a life without credit. Bankruptcy isn’t right for everyone –… Read More »
The Wise Thing To Do About Bankruptcy
In the United States, we like to be self-reliant, independent people. If you’re accused of a crime, your right to act as your own lawyer – as unwise as that might be – is a fundamental freedom. You can also file for bankruptcy in Illinois without the assistance of a good bankruptcy lawyer, but… Read More »
A Threat To Our Families And Communities
If you follow the news stories about automobile recalls, you already know that more than sixty million vehicles were recalled in the United States last year. That figure established a record for a single year, but National Highway Traffic Safety Administration (NHTSA) Administrator Mark Rosekind recently speculated that 2015 will be another record… Read More »
You Have To Tell The Truth
You have to tell the truth, and you have the right to be told the truth – at least when it comes to real estate transactions in the state of Illinois. If you’re selling a residence, you’re required in Illinois to disclose defects and other problems to prospective buyers, but that actually benefits you…. Read More »
Do You Need A Chicago Debt Negotiation Lawyer?
Relax. You’re not alone if you are struggling with overwhelming debt in the Chicago area. Almost no one is entirely debt-free, and the average American household with at least one credit card has $15,611 in credit-card debt. As of December, 2014, these are the average and total debt statistics for consumers in the U.S.:… Read More »