by Dan Sugrue | Nov 6, 2013 | Bankruptcy Law
When you file for bankruptcy, whether it be through Chapter 7 or Chapter 13, you’re entitled to protect some of your property from being included as part of the bankruptcy estate, and subject to liquidation by your creditors. These are called exemptions. For...
by Dan Sugrue | Nov 5, 2013 | Bankruptcy Law
Before filing a petition for bankruptcy under Chapter 7 of the Bankruptcy Code, a debtor must first take a credit counseling course within 180 days before you file. In addition, you must complete a course in debtor education after you file but before your debts are...
by Dan Sugrue | Sep 18, 2013 | Bankruptcy Law
In re: Stephen and Angela Brisco, 11 B 34774, involves an adversary proceeding where one creditor in a Chapter 13 Bankruptcy case, the Small Business Administration (SBA) is objecting to a proposed plan (not yet confirmed) in which it wouldn’t recover funds from...
by Dan Sugrue | Jun 1, 2013 | Bankruptcy Law, General Legal
The United States Bankruptcy Court for the Northern District of Illinois, just ruled on a case regarding a motion for relief from stay, but with a twist. In almost every case, it’s the creditor who’s asking for relief from the automatic stay after a debtor...
by Dan Sugrue | Nov 26, 2012 | Real Estate Law
There was an article in today’s Chicago Tribune warning of all the potential pitfalls to buyers on purchasing a house through a short sale. While it’s true that there are many potential landmines for a buyer, you can still get a great deal. Just make sure...
