Author Archives: Jessica Holguin
Bankruptcy Protection Is “Automatic”
You are not required to have an lawyer when you file for bankruptcy in Illinois, but the goal of bankruptcy is to resolve your debt problem, and going into a bankruptcy without an lawyer could actually exacerbate that problem. You could lose considerable cash and have your bankruptcy petition denied if you make any… Read More »
An Alternative To Bankruptcy
Everyone’s financial problems are different and unique. For some, bankruptcy is genuinely the only option; for others in debt, you may have less costly alternatives. In the Chicago area, you can have an experienced Chicago debt settlement lawyer examine and discuss your financial situation before you commit to any single course of action. Debt… Read More »
Why Buyers And Sellers Need A Real Estate Lawyer
When you buy or sell real estate in the Chicago area, there’s nothing in Illinois law that requires you to hire a real estate lawyer. However, whether you are a buyer or a seller in a real estate transaction, you should consider obtaining the services of an experienced, Chicago-based Illinois real estate lawyer for… Read More »
Going To Bankruptcy School
If you file for bankruptcy in the Chicago area, you might want to stock up on some school supplies first, because you’ll need them. One of the conditions for bankruptcy in Illinois is that you have to go to school. Prior to bankruptcy you’ll be required to complete credit counseling, and after you file… Read More »
Bankruptcy And Your Student Loan
When you’re struggling with debts that seem like they’ll never get paid, you might consider bankruptcy. Bankruptcy or may not be right for you, but if your debts are overwhelming – and just plain unpayable – the wise choice is to discuss your situation as quickly as possible with an experienced, Chicago-based Illinois bankruptcy… Read More »
Bankruptcy Basics For Illinois Residents
In Illinois, the most common form of personal bankruptcy is a Chapter 7 bankruptcy. The court sells most of your assets and uses the proceeds to pay as much of your debt as possible. Any debt that cannot paid is then considered discharged or erased. If you opt instead for a Chapter 13 bankruptcy,… Read More »
Even A First Offense Is Serious Business
Bail was set at $150,000 in February for an Elgin man, a parolee potentially facing a fourth DUI conviction. James R. Beavers was charged with two Class 2 felony counts of aggravated driving under the influence/fourth violation and with a number of DUI-related charges According to police, Beavers was stopped for speeding, and an… Read More »
Help Is Available For Struggling Homeowners
While the real estate market has been improving, many homeowners are still “upside-down” or “under water” – they owe more on their mortgages than their homes are actually worth. Others are behind on their mortgage payments because their adjustable rate mortgages adjusted unfavorably. Of course, others lost their jobs or became sick or injured… Read More »
Buying A Home After A Bankruptcy
Since the “great recession” of 2007-2008, a considerable number of bankruptcies in Illinois have been filed by homeowners. “Upside-down” home loans are a top cause of bankruptcy, but other homeowners with more reasonable loans lost their jobs in the recession. Still others became ill or injured and unable to work. If you are falling… Read More »
Facing Foreclosure? You Have Some Options
Illinois, unfortunately, remains one of the top ten states in the nation for home foreclosures. Illinois homeowners facing foreclosure are under intense personal and financial pressures, and this can make them a target for criminals. Con artists offer homeowners threatened by foreclosure a range of questionable schemes and too-good-to-be-true borrowing plans. Don’t fall for… Read More »