All items from David M. Siegel | Chicago Bankruptcy Law

When it comes down to consumer bankruptcy, the official forms do a pretty good job of setting forth the facts of the case, the assets involved in the case, the liabilities in the case, and the debtor’s statement of financial affairs. However, there is a very important document that is missing from the official forms,+ Read More
The post Chapter 13 Bankruptcy Forms: Do You Know What Is Missing? appeared first on David M. Siegel.

Posted 3 days 7 hours ago

This may be the season for giving. However, the city of Chicago is looking to do some taking. What I’m talking about is an expanded effort to attack those who have outstanding parking tickets. If you have three or more outstanding parking tickets, you are subject to the boot. If you are unable to pay+ Read More
The post Are You Going To Get The Boot This Christmas? appeared first on David M. Siegel.

Posted 4 days 2 hours ago

If you are thinking on spending extravagantly on Christmas, just remember that you may lead yourself toward the verge of filing bankruptcy. One of the main causes of bankruptcy filings is overspending via credit cards. There is no greater use of credit cards than during the month of December. Many people don’t realize that high-volume+ Read More
The post Christmas Spending With An Eye Toward Avoiding Bankruptcy appeared first on David M. Siegel.

Posted 1 week 1 day ago

For nearly 10 years or so, there was a document filed in every bankruptcy case known as an electronic filing declaration. This declaration was signed by the debtor and it basically said that the case was being filed electronically and that the signature on such document was the equivalent of a signature on all the+ Read More
The post New Bankruptcy Rule In Chicago appeared first on David M. Siegel.

Posted 2 weeks 2 days ago

Exemption Amounts Every homeowner who is considering filing chapter 7 bankruptcy, understandably wants to know whether or not their house is going to be protected if they file for bankruptcy. In most cases, the home is going to be protected through the process. This is mostly due to the fact that there is not significant+ Read More
The post Can I Keep My Home And File Chapter 7? appeared first on David M. Siegel.

Posted 5 weeks 3 days ago

As a bankruptcy attorney in Chicago, I meet with countless people every year who are often more concerned about their credit scores then actually getting out of debt. There is a fear that filing bankruptcy will take the credit score to the point where the person will not be able to obtain credit in the+ Read More
The post You Should Be Concerned About Your Credit Score appeared first on David M. Siegel.

Posted 6 weeks 3 days ago

It is true that filing bankruptcy in some instances will allow you to regain your driver’s license. There are a few scenarios where this is definitely the case. The first of which is driving with no insurance. If you are caught driving with no insurance and your license is subsequently suspended, you can have that+ Read More
The post Reclaiming Your Driver’s License Through Bankruptcy Filing appeared first on David M. Siegel.

Posted 7 weeks 1 day ago

Searching for a bankruptcy lawyer can be a lot tougher than one might think. One of the main reasons for this is that people do not readily refer bankruptcy attorneys to other people because they don’t want to advertise to their friends, family, and co-workers that they had to file for bankruptcy. Thus, people are+ Read More
The post The Top Five Obstacles To Avoid When Searching For A Bankruptcy Lawyer appeared first on David M. Siegel.

Posted 7 weeks 4 days ago

Bankruptcy Provides Instant Relief When you file chapter 7 bankruptcy, the relief is instant. An automatic stay is created which is then sent to all of your creditors notifying them that you have filed for bankruptcy protection. Most collection efforts must cease from that point forward. You will have a meeting of creditors also referred+ Read More
The post Filing Bankruptcy Now Will Lead To A Fresh Start In 2015 appeared first on David M. Siegel.

Posted 8 weeks 1 day ago

It seems that just about every month or so a lender or a towing company is withholding the debtor’s vehicle despite the fact that a chapter 13 bankruptcy case had been filed. Most lenders are now up to speed on the Thompson case which governs cases in the state of Illinois with regard to repossessed+ Read More
The post Towing Company Cannot Withhold Debtor’s Auto In Chapter 13 Bankruptcy appeared first on David M. Siegel.

Posted 8 weeks 4 days ago