The District Court for the Northern District of Illinois just changed the discovery rules for how and when parties can get information and documents from their opponents in federal lawsuits. If you are involved in a federal lawsuit, it is important t…
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One question people often have about bankruptcy is how it will affect their credit scores. In a recent article (link), Paul Goldsmith-Pinkham, an economist with the Federal Reserve Bank of New York’s Research and Statistics Group, shows that credit…
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Congratulations to Jeffrey Paulsen, partner at the Law Offices of William J. Factor, for his recognition as Rising Star of 2017 of Business Bankruptcy law in SuperLawyers.com annual list of top attorneys! Jeffrey Paulsen finds creative solutions to l…
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According to an article in the Washington Post of March 16 2017, “a new analysis of federal student loans reveals that the number of people severely behind on repaying their debt has soared in the past year, painting a bleak picture of one of t…
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Recently the Court of Appeals for the Fifth Circuit (which covers Texas, Louisiana and Mississippi) held in Tower Credit, Incorporated v. Martin A. Schott (In re Jackson), No. 16-30274 (5th Cir. March 13, 2017), that a judgment creditor had to return…
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The American Bankruptcy Institute today announced the creation of a Commission on Consumer Bankruptcy. The 15-member expert panel will examine the consumer bankruptcy system and issue a report with recommended improvements that can be implemented wit…
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According to a post disseminated today (Rochelle’s Daily Wire) by the American Bankruptcy Institute, “the Tenth Circuit widened an existing split among the courts of appeals by ruling that passively holding an asset of the estate, in the…
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Of the 8,809 Chapter 13 consumer bankruptcy filings that attorney Tom Vaughn, a Chapter 13 Bankruptcy Trustee in Chicago, oversaw in 2016, 47 percent listed the Chicago Parking Bureau as a creditor, according to Vaughn’s office. Up until this year,…
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The Bankruptcy Court for the Southern District of Georgia recently held in Roach v. Skidmore College (In re Dunston), Bankr. S.D. Ga. (Jan 31, 2017), that a bankruptcy trustee could recover as a fraudulent conveyance college tuition payments the debt…
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If you have seriously delinquent tax debt, IRS can notify the State Department. The State Department generally will not issue or renew a passport after receiving certification from the IRS. The IRS has not yet started certifying tax debt to the State…
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