On behalf of Lynch Law Offices, P.C. | Aug 8, 2019 | Chapter 13
If your debt situation is out of control, there are some things you can do about it. You can start by reviewing your finances and creating a budget. You can try to work with your creditors to lower how much you owe or adjust payment terms so that they are more...
On behalf of Lynch Law Offices, P.C. | Aug 2, 2019 | Chapter 13
Spending more than one brings in is something many people in Illinois and elsewhere are doing now and have been doing for a while. Consumer debt is at an all-time high — sitting at roughly $13.5 trillion. It is to the point where most people feel that they will...
On behalf of Lynch Law Offices, P.C. | Jul 18, 2019 | Chapter 13
Thousands of Illinois residents residing in or near Chicago have their cars being held in impound lots due to having unpaid tickets. Until a person pays his or her tickets, the city can refuse to release the vehicle from impound. However, a recent court ruling allows...
On behalf of Lynch Law Offices, P.C. | May 24, 2019 | Chapter 13
In a previous post, this column discussed Chapter 7 bankruptcy and who can benefit from that type of relief. This week, the focus will shift to Chapter 13 bankruptcy and who it is meant to help. Not all Illinois residents who want to file for bankruptcy will qualify...
On behalf of Lynch Law Offices, P.C. | May 3, 2019 | Chapter 13
Every year numerous Illinois residents find themselves needing financial help. There is no shame in asking for assistance when one’s debt situation becomes too much to handle alone. However, many people refuse to file Chapter 13 bankruptcy or seek out other debt...
On behalf of Lynch Law Offices, P.C. | Apr 19, 2019 | Chapter 13
Debt, most people have it. Some are able to manage it, and others may find themselves in so deep that they are dealing with debt collectors seeking payment. Currently, there are debt collection rules in place that protect Illinois residents from collector harassment....
On behalf of Lynch Law Offices, P.C. | Mar 14, 2019 | Chapter 13
Ever hear debt referred to as good? There are certain types of debts out there that are labeled good while others are labeled bad. At the end of the day, even those good debts can cause problems for Illinois residents who find themselves in a bad financial way. A...
On behalf of Lynch Law Offices, P.C. | Feb 22, 2019 | Chapter 13
Struggling financially? Is Chapter 7 relief out of reach? If so, Chapter 13 may be the next best thing. What is it about Chapter 13 that should make Illinois residents consider it?A Chapter 13 filing, if approved, may not offer the immediate discharge of debt...
On behalf of Lynch Law Offices, P.C. | Jan 17, 2019 | Chapter 13
Illinois residents who are deemed to have sufficient income so as to prevent them from pursuing Chapter 7 bankruptcy to resolve their debt issues may have another option. Chapter 13 bankruptcy is for individuals who have money to pay back their creditors to some...
On behalf of Lynch Law Offices, P.C. | Jan 3, 2019 | Chapter 13
When faced with significant debt and a lack of funds to do anything about it, the last thing anyone wants to deal with is harassment from creditors on top of an already stressful situation. It happens all the time, though. Illinois residents who find themselves...
