Will Bankruptcy Stop Wage Garnishment?

It can be difficult to make ends meet when a creditor uses wage garnishment to collect a debt. When a debtor’s wages are garnished, he or she typically loses around 25% of his or her take-home pay. This is a significant amount of money for many people. Luckily, there is a way…

Will Bankruptcy Eliminate My Medical Bills?

Contrary to popular belief, most people who file for bankruptcy aren’t financially irresponsible. Rather, unforeseeable events like illness and injury are often to blame for people’s financial problems. In fact, medical expenses are a leading cause of bankruptcy. Luckily, if you are unable to pay your medical bills, bankruptcy will eliminate…

How to Rebuild Your Credit After Bankruptcy

There’s no way around it: your credit will take a hit after you file for bankruptcy. However, it’s actually easier to rebuild your credit after bankruptcy than people think. If you are planning on filing for bankruptcy or have already filed for bankruptcy, here are some tips to help you rebuild your…

Filing for Bankruptcy During COVID-19

The COVID-19 pandemic has had a huge impact on people’s lives all over the world. In addition to the obvious health risks posed by the coronavirus, government-mandated lockdowns have left many people jobless. As a result, some people’s financial situations have spun out of control, forcing them to consider filing for bankruptcy….

Common Myths About Bankruptcy’s Effect on Your Credit Report

When you file for bankruptcy, your credit score will certainly be affected. However, many people exaggerate the effect that bankruptcy has on one’s credit score. If you are considering filing for bankruptcy, you should base your decision on accurate information—not myths perpetuated by uninformed individuals. In this article, we clear up some…

Common Bankruptcy Myths

Bankruptcy is a complicated and emotional issue. Therefore, it’s not a surprise that there is a lot of misinformation out there on the topic. In this article, we clear up some common bankruptcy myths. For additional information on bankruptcy, please contact an experienced Chicago bankruptcy attorney.

Filing for Bankruptcy When You’re Self-Employed

Running your own business can be greatly rewarding. However, it can also be extremely expensive. With all of the expenses involved in running a business, all it takes is a few bad months to end up deeply in debt. For many people, the only solution to this type of situation is bankruptcy….

Avoid These Common Bankruptcy Mistakes

If you plan on filing for bankruptcy, you need to understand what to do—and what to avoid—in order to make your bankruptcy a success. Although there are many potential pitfalls associated with the bankruptcy process, you can easily avoid most of them if you know what to look out for.

What’s the Difference Between Chapter 7 and Chapter 13 Bankruptcy?

If you’re considering filing for bankruptcy, you have several decisions to make, one of which is whether to file for Chapter 7 or Chapter 13 bankruptcy. The type of bankruptcy you file for will depend on a few different factors. However, regardless of the type of bankruptcy you file for, you should…