What Does It Take to Remove a Lien?

If you’ve had a creditor place a lien on your home or another piece of property, you’re certainly not alone. Here in Chicagoland and all across the country, homeowners face a variety of liens, stemming from judgments, unpaid taxes, contractor’s fees, and more.  In short, a lien is a mechanism that a creditor can use as legal claim to, or a charge against, your property, in order to secure payment or performance of an obligation from //READ MORE

2020-01-03T13:16:46-06:00 January 14th, 2020|Community|

What Is Bankruptcy, Really?

What is bankruptcy — and what does it really mean for individuals and households in Chicago and around the country? These are fairly straightforward questions, with answers that will naturally change, depending on who you’re speaking with. Sometimes, it may feel hard to get a clear understanding of what goes into the bankruptcy process, particularly when you’re trying to get a handle on all of the unique variables for your situation. To make matters more difficult, //READ MORE

2019-12-30T13:41:20-06:00 January 7th, 2020|Community|

Can Creditors Continue Contacting Me After a Bankruptcy Discharge?

Most people file for bankruptcy in the hopes of getting a fresh financial start. Bankruptcy can allow consumers to discharge certain debts and restructure others, making them less of a month-to-month burden. And even before you achieve a discharge through Chapter 7 or Chapter 13, filing for bankruptcy can give you some much needed breathing room, thanks to protections including the automatic stay.  So, what can you do if creditors or debt collectors continue to try //READ MORE

2019-12-12T14:16:53-06:00 December 23rd, 2019|Community|

FAQ: Can a Bankruptcy Case Be Dismissed?

The vast majority of people filing for bankruptcy have clear goals in mind. They’re entering this intimidating process because they want to gain some breathing room from their creditors and get serious about discharging or restructuring their debts, so that they can move forward on surer financial footing, regain stability, and reclaim some peace of mind.  In short, a well-managed bankruptcy filing can be a fresh financial start. The key word there? “Well-managed.”  It’s important to //READ MORE

2019-12-05T17:02:26-06:00 December 17th, 2019|Community|

In Illinois, What Is a Deficiency Judgment After Foreclosure?

Here in Illinois, the foreclosure process can be long and trying – and, for some borrowers, there may be financial effects that will continue to be felt, even after the completion of the foreclosure sale. In Illinois, it is possible for lenders to get a deficiency judgment against borrowers, in order to attempt to attain the outstanding balance of the borrower’s loan after their property has been foreclosed.  //READ MORE

2019-12-02T16:15:15-06:00 December 12th, 2019|Community|