Blog Posts in April, 2011
Posted on Apr 29, 2011 By Bizar & Doyle, LLC
If you are in danger of losing your home to foreclosure, it is possible to put it up for a short sale instead. This can only be done through the approval of a lender, who must agree to a discounted ...
Continue reading "Stop Foreclosure with a Short Sale" »
Posted on Apr 28, 2011 By Bizar & Doyle, LLC
Are you curious about debt settlement but aren't clear what it really means? Since many people are now battling with their poor financial histories, some are turning to debt settlement to fix their ...
Continue reading "Understanding Debt Settlement" »
Posted on Apr 26, 2011 By Bizar & Doyle, LLC
In order to avoid filing for Chapter 11 bankruptcy , the CEO of American Apparel accepted a $45 million loan from a group of investors. This was made possible by Michael Serruya, a Canadian financier ...
Continue reading "American Apparel CEO Gets Loan to Avoid Bankruptcy" »
Posted on Apr 25, 2011 By Bizar & Doyle, LLC
All foreclosures in the state of Illinois are judicial, meaning that it is the role of the court to complete the foreclosure process. The process begins with a judgment of foreclosure, which can be ...
Continue reading "Foreclosures in Chicago" »
Posted on Apr 22, 2011 By Bizar & Doyle, LLC
If you have fallen behind on your bills, you may notice that your creditors are starting to call you to collect the debt that you owe. While creditors are allowed to contact you to make collection ...
Continue reading "What is Considered Creditor Harassment?" »
Posted on Apr 21, 2011 By Bizar & Doyle, LLC
Before you file for bankruptcy, you must first decide what type of bankruptcy will work best for you. Although many people attempt to file for Chapter 7 bankruptcy , in which your debts are pardoned, ...
Continue reading "Which Type of Bankruptcy is Best For You?" »
Posted on Apr 20, 2011 By Bizar & Doyle, LLC
As many people are struggling to keep their homes out of foreclosure , there are some who are desperate enough to fall for even the most blatant scams. In 2010 nearly $31 million in homes and/or fees ...
Continue reading "Avoiding Foreclosure Scams" »
Posted on Apr 19, 2011 By Bizar & Doyle, LLC
A report released by the Federal Reserve Bank of Chicago shows that worries about mass defaults and bankruptcies during 2011 may be overblown. Richard Mattoon, a senior economist and author of the ...
Continue reading "Concerns Over 2011 Bankruptcies and Defaults May Be Exaggerated" »
Posted on Apr 18, 2011 By Bizar & Doyle, LLC
If you are considering Chapter 7 bankruptcy then you must become familiar with the term "discharge." Under this type of bankruptcy, as defined by the federal bankruptcy statute, a discharge releases ...
Continue reading "What does the Term "Discharge" Mean?" »
Posted on Apr 15, 2011 By Bizar & Doyle, LLC
If you own a business and are in danger of financial ruin, you could qualify for Chapter 13 bankruptcy . To begin, your attorney will file a voluntary petition, a schedule of liabilities and assets, a ...
Continue reading "Businesses and Chapter 13" »
Posted on Apr 14, 2011 By Bizar & Doyle, LLC
Are you curious about Chapter 7 bankruptcy ? In order to get approved for this type of bankruptcy you must file a voluntary petition, schedule of income and expenditures, a schedule of assets and ...
Continue reading "Key Things to Know About Chapter 7" »
Posted on Apr 13, 2011 By Bizar & Doyle, LLC
While a brief slowdown in foreclosure filings sparked the hopes of some, filings have increased since last month in many states like Illinois. According to RealtyTrac the month of March brought ...
Continue reading "Foreclosure Filings Increase in Illinois" »
Posted on Apr 12, 2011 By Bizar & Doyle, LLC
A small Chicago-based company that expanded to seven more states has filed for Chapter 7 bankruptcy this month. Pasquinella Homebuilding LLC, headed by Bruno Pasquinella, listed assets between ...
Continue reading "Pasquinella Homebuilding Moves Forward with Chapter 7" »
Posted on Apr 11, 2011 By Bizar & Doyle, LLC
Station Casinos Inc. filed for bankruptcy protection this week to start the asset sale that is part of its parent company's reorganization plan. This includes affiliates like Fiesta Station Inc. that ...
Continue reading "Station Casinos Inc. Files for Bankruptcy" »
Posted on Apr 8, 2011 By Bizar & Doyle, LLC
If you are interested in discharging some of your income tax debts, you could be eligible to do so under Chapter 7 or Chapter 13 bankruptcy law. Before you apply for bankruptcy protection, however, ...
Continue reading "Discharging Tax Debt" »
Posted on Apr 7, 2011 By Bizar & Doyle, LLC
It is possible to stop the foreclosure of your home by filing for Chapter 13 bankruptcy . If so, how? In many cases people file for this type of bankruptcy solely to prevent the sale of their home as ...
Continue reading "Stop Foreclosure with Chapter 13" »
Posted on Apr 6, 2011 By Bizar & Doyle, LLC
Since bankruptcy has been in the news so frequently, more and more myths have started to arise regarding those who file for it. If you are considering bankruptcy then you need to understand which ...
Continue reading "Dispelling Bankruptcy Myths" »
Posted on Apr 5, 2011 By Bizar & Doyle, LLC
Whether people are losing their appetite for pizza or simply don't have the money to buy it anymore, Sbarro pizza has been forced to file for bankruptcy this month. It joins fellow pizza providers ...
Continue reading "Sbarro Seeks Bankruptcy Protection" »
Posted on Apr 4, 2011 By Bizar & Doyle, LLC
After passing through the Senate with a vote of 74-25, the Bankruptcy Abuse Prevention and Consumer Act of 2005 passed the House 302-126. The final step in its journey is the White House where it will ...
Continue reading "Bankruptcy Abuse Prevention and Consumer Act Makes Chapter 7 Harder" »
Posted on Apr 1, 2011 By Bizar & Doyle, LLC
Good news for some who live in Cook County: a circuit judge has halted nearly 1,700 foreclosures temporarily. According to the Chicago Tribune one of the top three law firms used by mortgage services, ...
Continue reading "Judge Halts 1,700 Foreclosures in Cook County" »