Blog Posts in February, 2011
Posted on Feb 28, 2011 By Bizar & Doyle, LLC
According to recent figures there are nearly 15,000 vacant properties in Chicago, 85% of which are in the foreclosure process. Yet Chicago is not the only area of the country dealing with an ...
Continue reading "15,000 Properties Remain Vacant in Chicago" »
Posted on Feb 25, 2011 By Bizar & Doyle, LLC
If you have recently filed for bankruptcy then you need to start preparing for the questions that will be asked during a 341 meeting. At this time a trustee will ask your name, social security number ...
Continue reading "Questions Asked during 341 Meetings" »
Posted on Feb 24, 2011 By Bizar & Doyle, LLC
When you file for Chapter 7 bankruptcy , you will be asked to attend a 341 meeting which is vital to whether or not your bankruptcy is granted. This is essentially a meeting between you and your ...
Continue reading "Understanding the 341 Meeting Process" »
Posted on Feb 23, 2011 By Bizar & Doyle, LLC
It never pays to lie and defraud as one high-powered couple in Chicago have learned the hard way this month. Philip Igoe, 61, is an attorney in Chicago that has been charged with defrauding clients to ...
Continue reading "Chicago Couple Charged with Defrauding Foreclosure Clients" »
Posted on Feb 22, 2011 By Bizar & Doyle, LLC
Giordano's, the popular pizza chain based out of Chicago, has announced that it will file for Chapter 11 bankruptcy this month. However, it has been given court approval to continue operating its ...
Continue reading "Chapter 11 In Store for Giordano's Pizza Chain" »
Posted on Feb 21, 2011 By Bizar & Doyle, LLC
Although the news of Dave Duerson's suicide was tragic enough for the football community, their surprise at the incident may be lessened after learning that he filed for bankruptcy in September of ...
Continue reading "Dave Duerson Filed for Bankruptcy in September" »
Posted on Feb 18, 2011 By Bizar & Doyle, LLC
If you are filing for bankruptcy, you may be wondering how a bankruptcy lawyer can help you file for Chapter 13 . You should know that there are several ways in which he or she can be useful. To begin ...
Continue reading "How Can a Chapter 13 Lawyer Help You?" »
Posted on Feb 17, 2011 By Bizar & Doyle, LLC
If you are considering bankruptcy then there are three popular myths that you should dispel beforehand. First is the myth that you cannot file for bankruptcy if you have a job. While there is a new " ...
Continue reading "Top Bankruptcy Myths" »
Posted on Feb 16, 2011 By Bizar & Doyle, LLC
Foreclosures in Chicago have increased 14% between 2009 and 2010 and are expected to trend upwards in 2011 according to a local non-profit group Woodstock Institute. Of the six counties that comprise ...
Continue reading "Foreclosures Expected to Trend Upwards in 2011" »
Posted on Feb 15, 2011 By Bizar & Doyle, LLC
If you are a debtor seeking debt freedom there are several things you need to know before filing for Chapter 13 bankruptcy . You will need to prove to the court that you are able to make monthly ...
Continue reading "Things You Should Know Before Filing for Chapter 13" »
Posted on Feb 14, 2011 By Bizar & Doyle, LLC
Another one bites the financial dust, this time it is the big name bookseller Borders. The company announced its decision to file for Chapter 11 bankruptcy this week as its efforts to refinance its ...
Continue reading "Borders Announces Chapter 11 bankruptcy" »
Posted on Feb 11, 2011 By Bizar & Doyle, LLC
Things are not looking good for the American financial landscape as foreclosures increased across the country, adding to the already high levels of unemployment. According to a monthly analysis ...
Continue reading "Foreclosures Continue to Increase Throughout the Country" »
Posted on Feb 10, 2011 By Bizar & Doyle, LLC
Ever wonder what the top reasons are for filing for bankruptcy? There are several and they have affected thousands of people in 2010 alone. To start, many people want a clean slate and can only ...
Continue reading "Bankruptcy: Top Reasons for Filing" »
Posted on Feb 9, 2011 By Bizar & Doyle, LLC
If you are filing for Chapter 7 bankruptcy you might be concerned as to whether your spouse will also be affected by your decision. In short the answer is no but only if they did not sign any ...
Continue reading "Will Your Spouse Be Affected by Your Bankruptcy" »
Posted on Feb 8, 2011 By Bizar & Doyle, LLC
When you first decide to file for bankruptcy you will undoubtedly have a list of questions. For example, you might be wondering if it actually costs anything to file. There are indeed payments that ...
Continue reading "The Costs Associated with Bankruptcy" »
Posted on Feb 7, 2011 By Bizar & Doyle, LLC
Former East Chicago Mayor Robert Pastrick received bad news this week when a federal trustee said that he would be denied for Chapter 7 bankruptcy . Pastrick, 83, was told that his income is too high ...
Continue reading "Former Chicago Mayor Files for Bankruptcy" »
Posted on Feb 7, 2011 By Bizar & Doyle, LLC
When people decide to file for Chapter 13 Bankruptcy , they must submit necessary paperwork and their petitions must be approved of by the bankruptcy court. Along with paperwork, people will submit a ...
Continue reading "Repayment Plan Information for Chapter 13 Bankruptcies" »
Posted on Feb 3, 2011 By Bizar & Doyle, LLC
When you are filing for bankruptcy you will often hear the term "automatic stay." You should become familiar with this term even if it does not apply to your situation. This is an important form of ...
Continue reading "What is an Automatic Stay?" »
Posted on Feb 2, 2011 By Bizar & Doyle, LLC
If you are considering filing for Chapter 7 bankruptcy then you need to familiarize yourself with the most recent laws concerning this type of bankruptcy. The most recent changes were made in 2005 and ...
Continue reading "Understanding Recent Chapter 7 Laws" »
Posted on Feb 1, 2011 By Bizar & Doyle, LLC
Even your local YMCA could be considering filing for bankruptcy , like the YMCA of McHenry County in Illinois. It is now considering selling its assets to the YMCA of Metropolitan Chicago. This came ...
Continue reading "YMCA of McHenry County Facing Bankruptcy" »