Consumers With Bad Credit Could Benefit From Chicago Bankruptcy
A recent study of 100,000 people found that e-mail address says a lot about a person’s credit score. Credit Karma, a service that provides free credit scores, studied its database and found some interesting things regarding the average credit scores based on people’s e-mails. While credit scores aren’t determined by which e-mail server you use, [...]
The Ordinary Business Terms Preference Defense
The 2005 amendments to the Bankruptcy Code modified the landscape for a key defense to bankruptcy preference actions. Preference actions are when a trustee or debtor in possession sue a creditor for the return of payments made in the 90 days before a bankruptcy. The concept is that creditors that receive more than similarly situated [...]
How Donald Trump Uses Bankruptcy to Become More Successful
How Donald Trump Uses Bankruptcy to Become More Successful It is not uncommon for a client to ask about Donald Trump and other famous large-scale bankruptcies. How can a rich person like Donald Trump file for bankruptcy, and how does he seem to come out of it more successful than ever? And is this something [...]
Is Capital One seeking to collect on discharged debts?
One of the primary advantages of either Chapter 7 or Chapter 13 bankruptcy is that otherwise crippling debts — such as credit card debt — can be eliminated. Accordingly, a person who files for either Chapter 7 or Chapter 13 under the United States Bankruptcy Code not only gets a fresh financial start, but also [...]
Tips for Eliminating Debt in 2012 with Help from a Chicago Bankruptcy Filing
For the countless Chicago families struggling with money, 2012 represents the chance for a fresh start. There’s no doubt that the past few years have been a rough ride. Unemployment in the Chicago area hovered around 10%, while incomes of those fortunate enough to have jobs rose less than 1%, the Chicago Tribune reports. Many [...]