Blog Posts in May, 2011
Posted on May 31, 2011 By Bizar & Doyle, LLC
A website that has no plans for advertising, no advertising whatsoever, and looks like a old bulletin board, is now for sale for $40,000. LTH Forum gained popularity in the Chicago area as an online ...
Continue reading "Website for Sale after Owner Files for Bankruptcy" »
Posted on May 30, 2011 By Bizar & Doyle, LLC
The Woodstock Institute of Chicago released a study this month showing that bankruptcy filers in predominately black neighborhoods were more likely to choose Chapter 13 bankruptcy over other types. ...
Continue reading "Woodstock Institute of Chicago Releases Bankruptcy Study" »
Posted on May 29, 2011 By Bizar & Doyle, LLC
Do you want to save your credit by holding a short sale? If so, you need to be aware that this may or may not be successful. A short sale can help you revive your credit by simply removing the need to ...
Continue reading "Short Sales and Your Credit" »
Posted on May 28, 2011 By Bizar & Doyle, LLC
If you are curious about Chapter 7 bankruptcy , you will want to familiarize yourself with the concept of liquidation. Chapter 7 bankruptcy, also known as bankruptcy liquidation, allows you to sell ...
Continue reading "Liquidation & Chapter 7 Bankruptcy" »
Posted on May 27, 2011 By Bizar & Doyle, LLC
If you are behind on some payments, you may already have become a victim of creditor harassment . There are ways that you can end or avoid any further harassment, but they will take some effort on ...
Continue reading "Dealing with Creditor Harassment" »
Posted on May 26, 2011 By Bizar & Doyle, LLC
During the first quarter of 2011, sales of foreclosed homes in Illinois made up 29% of all sales in the state. While this number is impressive, it does represent a decline from the year before. ...
Continue reading "Foreclosure Sales Increase in Illinois" »
Posted on May 25, 2011 By Bizar & Doyle, LLC
Do you have piles of bills and late payments? If so, you should consider debt consolidation . It is a valid way to work on paying off your debts, on a schedule that you can afford. When you decide to ...
Continue reading "Debt Consolidation Can Address Late Payments" »
Posted on May 20, 2011 By Bizar & Doyle, LLC
According to a report released by the Mortgage Bankers Association last week, mortgages in foreclosure dropped in Chicago during the first quarter. The National Delinquency Survey released by the MBA ...
Continue reading "Foreclosures Drop in the Chciago Area" »
Posted on May 19, 2011 By Bizar & Doyle, LLC
Do you own a corporation but want to file for personal bankruptcy? If you are a stockholder in a corporation and are considering filing for personal bankruptcy, this will not affect your relationship ...
Continue reading "Filing for CHapter 7 as a Corporation Owner" »
Posted on May 18, 2011 By Bizar & Doyle, LLC
If you believe that you have become a victim of creditor harassment , you should be aware of what your rights are. By law, your creditor cannot release personal information about your debts to anyone. ...
Continue reading "Understanding Your Rights as a Consumer" »
Posted on May 17, 2011 By Bizar & Doyle, LLC
According to a survey conducted by the Consumer Federation of America and Fair Isaac Corporation, almost half of consumers do not understand the purpose of their own credit score. The basic function ...
Continue reading "Many Consumers Don't Understand Purpose of Their Credit Score" »
Posted on May 16, 2011 By Bizar & Doyle, LLC
Rather than go ahead with bankruptcy, Sbarro Inc. hopes to find a buyer to help the financially-floundering company. In order to seek a buyer, Sbarro ended its plan-support agreement with MidOcean ...
Continue reading "Sbarro Seeks Buyer Instead of Pursuing Bankruptcy" »
Posted on May 13, 2011 By Bizar & Doyle, LLC
If you are considering Chapter 13 bankruptcy , you may be wondering how long it will take to pay off your debts. While there is no exact formula for determining the length of time required to pay off ...
Continue reading "Paying Off Your Debt via Chapter 13" »
Posted on May 12, 2011 By Bizar & Doyle, LLC
Although bankruptcy is often viewed in a negative light, it can be of serious help to those experiencing financial difficulty. Depending on what type you file for, the benefits of bankruptcy are vast ...
Continue reading "Knowing the Benefits of Bankruptcy" »
Posted on May 11, 2011 By Bizar & Doyle, LLC
Good news for homeowners in Illinois: home foreclosure rates dropped 16.6 percent over the past month. According to RealtyTrac, Illinois posted 10,055 foreclosure filings last month. This figure ...
Continue reading "Home Foreclosures Drop in Illinois" »
Posted on May 10, 2011 By Bizar & Doyle, LLC
Even though they have filed for Chapter 11 bankruptcy , the owners of ALT Hotel LLC continue to act as though it were business as usual. The Chicago-based hotel listed $50 to $100 million in ...
Continue reading "ALT Hotel LLC Files for Bankruptcy" »
Posted on May 9, 2011 By Bizar & Doyle, LLC
When Melanie Beacham fell behind on her car payments, her auto loan account was sent to a collections company. This happens to thousands of people every year who are unable to make payments; however, ...
Continue reading "Creditors Harass Debtor on Social Networking Site" »
Posted on May 6, 2011 By Bizar & Doyle, LLC
If you are considering Chapter 7 bankruptcy then you might be worried about losing your home. If all of the equity in your home is exempt, you will not lose your home even if you are making mortgage ...
Continue reading "Chapter 7 and Your Home" »
Posted on May 5, 2011 By Bizar & Doyle, LLC
Have you been harassed by collections agencies recently? You should be aware of what normal behavior is and what type of negative behavior to watch out for. For example, they may pressure you to ...
Continue reading "What Collection Behavior is Acceptable?" »
Posted on May 4, 2011 By Bizar & Doyle, LLC
If you want to prevent bankruptcy , there are certain tips that you should follow. At all costs, try to avoid impulse spending. Only purchase what you absolutely need, and know that you can pay off ...
Continue reading "Tips That May Prevent Bankruptcy" »
Posted on May 3, 2011 By Bizar & Doyle, LLC
Any delays related to stalled foreclosure filings appear to be completed in Cook County, Illinois. During the last quarter of 2010 and the first three months of this year, completed foreclosures ...
Continue reading "Foreclosure Delays Cease in Cook County" »
Posted on May 2, 2011 By Bizar & Doyle, LLC
Sexual abuse claims have forced a Catholic religious order to file for bankruptcy this year. The Christian Brothers runs schools in Seattle and across the country has been charged with sexual abuse in ...
Continue reading "Sexual Abuse Claims force Religious Order into Bankruptcy" »
Posted on May 2, 2011 By Bizar & Doyle, LLC
If you take the time to find a Chicago bankruptcy attorney now, you can save yourself from the most common mistakes made by those who file for bankruptcy without help. You will learn key tricks to be ...
Continue reading "Avoid Bankruptcy Mistakes by Hiring a Lawyer" »