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Bankruptcy Attorneys Chicago Chapter 7 and Chapter 13
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Bankruptcy Attorneys Chicago Chapter 7 and Chapter 13Bankruptcy Attorneys Chicago Chapter 7 and Chapter 13
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Category Archives: Bankruptcy Basics

SCORE! Knowing your FICO Score

Bankruptcy Basics, Chapter 13, Chapter 7, General InformationBy Gary Bohringer03/30/2016

Understanding your FICO Score It is important to review your FICO Score and you will have to identify all the discrepancies and taken the steps necessary to correct said errors, it’s time to assess your financial situation. The simplest way to do this is to look at your credit score.  There are several ways to…

Tax Refund – Be Careful Before You Spend!

Bankruptcy Basics, Bankruptcy News, Chapter 13, Chapter 7By Gary Bohringer03/17/2016

Tax Refund Checks Over the past few weeks we have been discussing your credit reports and getting a better understanding about who and how much you owe, now, we are looking forward to the tax refund check! In the next few months, many will be expecting/hoping for a refund check from Uncle Sam. It’s tempting…

Credit Check

Bankruptcy Basics, Chapter 13, Chapter 7, General InformationBy Gary Bohringer02/26/2016

Time for a Credit Check? Recently, we talked about taking the time to sit down and get a better picture as to who and how much you owe — a credit check can help you do that. The question becomes, “Did I forget anyone?” It is easy to remember the creditors who flood your mailbox…

Credit Card Debt Got You Feeling the Blues?

All Information, Bankruptcy Basics, Chapter 13, Chapter 7By Gary Bohringer02/19/2016

Credit card debt – UGGGHHHH! The holiday season is over and the credit card debt is here. Even if your neighbor still hasn’t taken down their lights, you and your wallet have probably lost that Christmas spirit. Unfortunately for many, December is consumed with visions of sugar plums as opposed to visions of future financial…

Chicago Taking Steps To Avoid Bankruptcy

All Information, Bankruptcy Basics, Bankruptcy NewsBy mwestover05/08/2014

The City of Chicago is struggling under pension woes. The Illinois legislature is helping the city by increasing the cost of benefits for some government employees. This is being done to hopefully avoid the bankruptcy fate of Detroit. Learn more from The New York Times: The Illinois legislature on Tuesday approved a plan to start easing…

Detroit Bankruptcy Judge Seeks Mayor’s Support

All Information, Bankruptcy Basics, Bankruptcy NewsBy mwestover05/01/2014

Judge Steven Rhodes is overseeing Detroit’s bankruptcy proceedings. He is seeking assurances from the mayor and other elected officials when it comes to the city’s plan. This plan includes pension cuts and reallocation of funds. Learn more from WHIG.com: Looking years ahead, the judge overseeing Detroit’s bankruptcy said Thursday he wants assurances from the mayor…

Expert Witnesses Vying For Position in Detroit Bankruptcy

All Information, Bankruptcy Basics, Bankruptcy NewsBy mwestover04/24/2014

The federal bankruptcy judge overseeing Detroit’s bankruptcy is looking for an expert witness. There are five candidates he is considering. The expert witness will help the judge evaluate the city’s bankruptcy plan. Read more from the Detroit Free Press: There is a lot of restructuring prowess behind the five candidates vying for the job of expert…

Bitcoin Bankruptcy Underway

All Information, Bankruptcy Basics, Bankruptcy NewsBy mwestover04/17/2014

Earlier this month the Tokyo District Court decided there was no hope of financial recovery for Mt. Gox. The bitcoin exchange will attempt to sell its assets. Investors, however, may not recover any of their money. Read more from WHIG.com: Bankruptcy proceedings began Thursday for the Mt. Gox bitcoin exchange, a move that was widely…

Movie Star Files For Bankruptcy

All Information, Bankruptcy Basics, Bankruptcy NewsBy mwestover04/10/2014

Teri Polo starred in the Meet the Parents movies alongside Ben Stiller. She is now starring in a new comedy series called Meet the Fosters. Despite her acting success, however, Polo has filed for Chapter 11 bankruptcy protection. Read more from NBC Chicago: Teri Polo has had the unfortunate event of meeting money trouble. The “Meet the Parents” star…

GM Set To Battle In Bankruptcy Court

All Information, Bankruptcy Basics, Bankruptcy NewsBy mwestover04/03/2014

General Motors has hired a team of lawyers to fight their bankruptcy court battles. The hot issue at the moment is whether or not GM is responsible for actions that occurred before the 2009 bankruptcy filing. The company’s opposition claims that GM is responsible because it was covering up a problem it knew about. Read…

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