Illinois Bankruptcy Blog Category – Law Office of William J. Factor, Ltd.

Chicago Court orders City to surrender vehicle to Debtor notwithstanding asserted possessory lien to secure traffic tickets

May 31st, 2018

In a recent case, Judge Schmetterer held in In re Cross, Adversary No. 18 AP 00154, that the City of Chicago did not have the right to retain a chapter 13 debtor’s vehicle to protect its possessory lien on the car that allegedly secured payment… Read More

Illinois among top 10 states for credit card debt.

May 30th, 2018

According to a May 30, 2018 article in Illinois Patch, Illinois is among the top 10 states where residents have the most credit card debt. That’s according to a report released Tuesday by New York Comptroller Thomas DiNapoli. According to the s… Read More

Tags: Credit Counseling, debt

Parties to a Civil Union Held Eligible to File a Joint Petition

May 23rd, 2018

As reported by Rochelle’s Daily Wire on May 23, 2018, Bankruptcy judges in California and Chicago disagree on whether parties to a civil union or domestic partnership are “spouses” eligible to file a joint bankruptcy petition. In the Chicag… Read More

Bankruptcy Costs Limit Access

March 4th, 2018

According to an article published in Pro Publica, a consumer’s inability to pay attorneys’ fees prevents many consumers from filing for bankruptcy. This phenomenon has spawned considerable debate about the appropriate “fix”, b… Read More

The intersection between Bankruptcy Law and Marijuana Law

February 22nd, 2018

In In re Patricia G. Olson, 3:17-bk-50081-BTB (Bankr. D. Nev. 2017), the debtor was 92 years old, legally blind, and a resident of an assisted living facility. She filed bankruptcy to stop foreclosure on a commercial property in Lake Tahoe, Californi… Read More

Categories: For Debtors, Illinois Bankruptcy

Chapter 13 Debtor Could Not Defer Surrender of Her Home Until Her Son Graduated High School

February 22nd, 2018

In re Thompson, from the District of Massachusetts (17-11318-MSH), the court rejected a plan that delayed the surrender of a house so the debtor’s child could finish high school without moving. The court reasoned, among other things, that ̶… Read More

Caveat Emptor - National Consumer Bankruptcy Law Firm Sanctioned for Harming Financially Distressed Consumers and Auto Lenders

February 14th, 2018

Consumers should be careful about who they hire for bankruptcy assistance. According to the American Bankruptcy Institute: A national consumer bankruptcy law firm and its local partner attorneys were sanctioned and enjoined by the U.S. Bankruptcy Cou… Read More

The average American has a credit card balance of $6,375, up nearly 3 percent from last year, according to Experian.

January 23rd, 2018

According to the Tribune (1/22/18) Americans are defaulting on their credit cards at the highest rate in nearly a year, and Chicagoans are leading the pack. Chicago residents are now more likely to miss a credit card payment than residents of any oth… Read More

Ariane Holtschlag Interviewed at ABI Winter Meeting

January 10th, 2018

We are proud to share an exclusive interview conducted by Bill Rochelle of the ABI with Ariane Holtschlag, FactorLaw’s bankruptcy attorney, regarding some of the cutting edge consumer issues in the Northern District of Illinois. Watch the inter… Read More

Boston Judge Allows Conversion to Chapter 13 Just to Prevent the Sale of a Home

December 29th, 2017

As reported by the American Bankruptcy Institute on December 29, 2017, a Boston Judge Allows Conversion to Chapter 13 Just to Prevent the Sale of a Home Consumers are entitled to convert a Chapter 7 case to Chapter 13 even if the only reason is to pr… Read More

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