In my many years as a Peoria Illinois Chapter 7 Bankruptcy Lawyer I have had the privilege of working with individuals and families struggling with difficult financial situations, helping them to get the information they need to make important decisions. After taking the initiative to gain an understanding of the bankruptcy process and their potential eligibility, many clients express relief that bankruptcy protection is an option they can pursue, now or in the future. The key boils down to … [Read more...]
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Peoria Business Bankruptcy Protection
Sometimes a business owner will experience financial difficulties and may want to consider bankruptcy protection. A bankruptcy filing can stop litigation or collection efforts on the part of the creditors and allow a the debtor to eliminate burdensome contracts - often times with fewer financial consequences. A bankruptcy will often reduce what is owed to creditors allowing a debtor to recover financially. The typical bankruptcy case involves a chapter 7 liquidation, a chapter 13 … [Read more...]
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Unpaid Student Loans in a Bankruptcy
The high cost of education coupled with a long-stagnant job market has left many college and trade school grads with a pile of insurmountable debt. New data released by the U.S. Department of Education reveals that numerous students have defaulted or failed to pay back their student loans. In fact, at more than 1,000 colleges and trade schools across the country, at least half the students have not made a payment within seven years or have defaulted altogether. Some borrowers wind up … [Read more...]
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Based on 67 reviews
Facebook Rating
Based on 7 reviews
Yelp Rating
Based on 1 reviews