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Understanding the Difference Between Chapter 7 vs Chapter 13 Bankruptcy

September 27th, 2024
If your debts have gotten away from you and you are considering filing a bankruptcy petition, you need to understand all your options to make the best choice, given your specific financial situation. Understanding the difference between Chapter 7 vs… Read More
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Categories: Personal Bankruptcy

Bankruptcy Filings Continue to Fall

October 31st, 2022
Published on October 31, 2022 – USCOURTS.GOV Personal and business bankruptcy filings fell 11.7 percent for the 12-month period ending Sept. 30, 2022. Filings continued a fall that coincided with the start of the coronavirus (COVID-19) pandemic. Ac… Read More
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Categories: Business Bankruptcy, Illinois Bankruptcy, News

Credit card companies report increased use of credit cards, yet bankruptcy filings are historically low

October 18th, 2022
Credit card companies report increased use of credit cards, yet bankruptcy filings are historically low. The 2008-2012 experience teaches that consumers should not touch retirement funds to avoid the inevitable default. https://www.msn.com/en-us/news… Read More
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Categories: Uncategorized

Subchapter V Debt Ceiling will be Raised to $7.5 million

June 8th, 2022
The American Bankruptcy Institute (ABI) applauds the House of Representatives passage (392-21) yesterday of the S.3823, the “Bankruptcy Threshold Adjustment and Technical Corrections Act.” The Senate on April 7 had passed the legislation introduc… Read More
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Categories: Uncategorized

The American Bankruptcy Institute (ABI) applauds the House of Representatives passage (392-21) yesterday of the S.3823, the “Bankruptcy Threshold Adjustment and Technical Corrections Act.”

June 8th, 2022
The American Bankruptcy Institute (ABI) applauds the House of Representatives passage (392-21) yesterday of the S.3823, the “Bankruptcy Threshold Adjustment and Technical Corrections Act.” The Senate on April 7 had passed the legislation introduc… Read More
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Categories: Uncategorized

Senate Bill Increasing Chapter 11 and 13 Debt Ceilings Moves to House

April 10th, 2022
The Senate yesterday swiftly passed the amended S.3823, the “Bankruptcy Threshold Adjustment and Technical Corrections Act,” via unanimous consent. Sen. Charles Grassley (R-Iowa) had recently introduced the legislative substitute to raise the… Read More
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Categories: Uncategorized

Mack Industries - Agenda for January 20 Omnibus Hearing

January 14th, 2022
We posted the agenda for the omnibus hearing taking place on January 20, 2022, in the Mack Industries case. See our Mack Industries page for a copy. Read More
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Categories: Uncategorized

Mack Industries - Agenda for December 16 Omnibus Hearing

December 9th, 2021
We posted the agenda for the omnibus hearing taking place on December 16, 2021, in the Mack Industries case. See our Mack Industries page for a copy. Read More
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Categories: Uncategorized

Mack Industries - Agenda for November 18 Omnibus Hearing

November 10th, 2021
We posted the agenda for the omnibus hearing taking place on November 18, 2021, in the Mack Industries case. See our Mack Industries page for a copy. Read More
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Categories: Uncategorized

Mack Industries - Agenda for Omnibus Hearing on Oct. 20, 2021

October 13th, 2021
We posted the agenda for the omnibus hearing taking place on Oct. 20, 2021, in the Mack Industries case. See our Mack Industries page for a copy. Read More
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Categories: Uncategorized
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