Tag Archives: #bankruptcy

Bankruptcy Representation for Debtors If you drowning in debt, Bankruptcy may be the fresh start that you are looking for. Through Bankruptcy, you may discharge most of your unsecured debt. Our dedicated attorneys can help you ensure your rights are protected through this process. The importance of retaining an experienced attorney cannot be overstated, as […]

Representing Debtors in Bankruptcy Matters

Assistance with Debt Relief Bankruptcy law was designed to help people get a fresh start. Although frowned up, it actually stirs innovation as people can take more risk and innovate, knowing that if things don’t work out, Bankruptcy options are available. Bankruptcy laws were designed with the average hardworking American in mind. Call 773-407-2100 for […]

“910 Rule” Exceptions that Will Allow a “Cram Down” for a Vehicle

910-Day Rule Exceptions   The infamous hanging paragraph in §1325(a) of the Bankruptcy Code prohibits bifurcation of a creditor’s claim secured by a vehicle into a secured claim and an unsecured claim.  Specifically: “section 506 shall not apply to a claim described in that paragraph if the creditor has a purchase money security interest securing […]

Representing Debtors in Bankruptcy Looking for a Fresh Start

Bankruptcy law was designed to help people get a fresh start. Although frowned up, it actually stirs innovation as people can take more risk and innovate, knowing that if things don’t work out, Bankruptcy options are available. Bankruptcy laws were designed with the average hard working American in mind. Call 773-407-2100 for a free consultation […]

Bankruptcy Fundamentals – Secured Debt

A secured debt is one that is secured by property, which the creditor can take if you default. For example, your mortgage is secured by your home. If you default on your loan, the lender can sell your home to repay your debt. A car loan is also a secured debt. In addition to these […]

Bankruptcy Fundamentals – What is Secured Debt?

A secured debt is one that is secured by property, which the creditor can take if you default. For example, your mortgage is secured by your home. If you default on your loan, the lender can sell your home to repay your debt. A car loan is also a secured debt. In addition to these voluntary […]