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November 2016 Archives

What does a trustee do during a Chapter 7 bankruptcy?

When Illinoisans file for Chapter 7 bankruptcy, they have taken their first step towards financial freedom. Along that journey through the bankruptcy process, they will encounter several characters playing specific roles. One of those characters is a bankruptcy trustee. So, what does a trustee do?

What is adequate protection?

When Illinoisans file for Chapter 13 bankruptcy (in addition to bankruptcy under other chapters), they benefit from an automatic stay. This stay prohibits creditors from trying to collect on the debt. That means the end of harassing phone calls and a pause in any litigation, including foreclosures.

Best go by the book to achieve solid credit repair

Did you ever watch "Friends"? The character Joey wasn't known for being all that bright, but he did well with the ladies. His signature pickup line was, "How YOU doin'?" It's a question that someone in Illinois might well want to ask themselves when it comes to their credit rating.

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Four Convenient Office Locations To Serve You

Toll Free: 800-491-7493 Fax: 630-960-4755

Five Convenient Office Locations To Serve You

Lisle Office - DuPage County
1011 Warrenville Road
Suite 150
Lisle, IL 60532

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Lockport Office - Will County
900 South State Street
Second Floor, Suite A
Lockport, IL 60441

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Aurora Office - Kane County
1444 North Farnsworth
Suite 100
Aurora, IL 60505

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Palatine Office - Cook County
800 East Northwest Highway
Suite 700
Palatine, IL 60074

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Chicago Office - Cook County
1 S Dearborn
Suite 2100
Chicago, IL 60603

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Toll Free: 800-491-7493 Fax: 630-960-4755