Blog Posts in 2011
Posted on Oct 15, 2011 By Timothy Brown, Esq.
Under the Fair and Accurate Credit Transaction Act (FACTA), you are entitled to receive one free credit report per year. You can obtain your free credit report from www.annualcreditreport.com , which ...
Continue reading "How to Get a Free Credit Report" »
Posted on Oct 13, 2011 By Timothy Brown, Esq.
A debtor who has previously filed for Chapter 7 Bankruptcy must wait eight (8) years to file again for Chapter 7 protection. This period is calculated based on the date that the respective Bankruptcy ...
Continue reading "Waiting Period for Filing a Subsequent Bankruptcy Petition" »
Posted on Oct 12, 2011 By Timothy Brown, Esq.
Under Section 362 of the U.S. Bankruptcy Code, creditors are prohibited from continuing any further collection action against a debtor who files for Bankruptcy relief. If a creditor is aware of the ...
Continue reading "Automatic Stay Stops Creditors in Their Tracks" »
Posted on Oct 11, 2011 By Timothy Brown, Esq.
Under the U.S Bankruptcy Code, an individual filing for Chapter 7 is allowed to keep their property, so long as the property does not exceed a certain dollar amount. The particular dollar amounts are ...
Continue reading "Bankruptcy Exemptions in Illinois- Which Law Applies?" »
Posted on Oct 6, 2011 By Timothy Brown, Esq.
In the recent case of Ransom vs. FIA Card Services, N.A., the U.S. Supreme Court ruled that a consumer may not use the IRS "ownership expense" deduction for a vehicle when the consumer owns ...
Continue reading "Recent U.S Supreme Court Decision" »
Posted on Oct 5, 2011 By Timothy Brown
If you are planning to file for Chapter 7 Bankruptcy, you should follow the rules and guidelines detailed below: Do Not 1) Give any special preference to a particular creditor. The Bankruptcy law ...
Continue reading "Do's and Dont's Before Filing for Chapter 7" »
Posted on Sep 9, 2011 By Timothy Brown, Esq.
Our lawyers are pleased to announce the launch of our Crystal Lake general practice blog
Continue reading "Welcome to our Crystal Lake Attorney Blog" »