Blog

Mar
21
Florida Law Could Be a Nationwide Model to Reduce Bankruptcies

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In a previous blog post, we outlined the procedures for taking advantage of chapter 13 bankruptcy to regain a suspended driver’s license. We mentioned in that post that Illinois law allows for the suspension of a driver’s license for a long list of non-driving-related offenses. Illinois is not alone in this regard. States all across the country use driver’s licenses as a means of punishing lawbreakers who do not seem to respond any other way.

The problem with these kinds of laws is that they can lead to financial troubles – even bankruptcy – that are entirely unrelated to the offense for which the person is being punished. However, a piece of legislation currently working its way through the Florida legis...


Mar
07
Bankruptcy and Retirement Accounts: What You Need to Know

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In a chapter 7 bankruptcy, there are both dischargeable and non-dischargeable debts. Likewise, there are assets that can and cannot be seized to satisfy creditors. An asset that frequently causes consternation among chapter 7 filers is the traditional retirement account. Whether it is a 401(k) or an IRA, people are not sure where their retirement accounts stand should they need to file bankruptcy.

In this post, we will clear up the confusion related to chapter 7 bankruptcy and retirement accounts. As always, if you are facing financial problems that could lead to bankruptcy, we encourage you to contact us. We can discuss your case with you and advise you as to the best course of action.

Retirement Accounts Owned by the Filer

In April to 20...


Feb
29
3 Financial Lessons We Can All Learn from Oil Prices

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It has been a long time since drivers in the U.S. have seen the price of gas as low as it was at the start of 2016. Thanks to the bottom falling out on the crude oil market, everything from gasoline to home heating oil is as cheap now as it was back in the late 90s. This is good for the average consumer looking to get by in the midst of sluggish economic growth. It is not so good for dozens of oil companies. It turns out we could all learn a few lessons from these companies and what they are now going through.

Lower oil prices mean you and I pay less to heat our homes and drive our cars. It also means that the companies employing us do better by way of lower energy costs. But low oil prices are also affecting those that produce the energ...


Convenient Locations

In order to provide convenience for clients throughout Chicago and Northern Illinois, we have offices in the following locations: 

Chicago • Schaumburg  • Oakbrook • St. Charles • Naperville • And More

Locations

We have office locations throughout the Chicago Area:

Chicago (Downtown)

Schaumburg

Oak Brook

Naperville


All calls are routed through our Downtown office for your convenience.

Phone: 312-967-3159

Locations

We have office locations throughout the Chicago Area:

Chicago (Downtown)

Schaumburg

Oak Brook

Naperville


All calls are routed through our Downtown office for your convenience.

Phone: 312-967-3159

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