New York State Unveils New Debt Collection Regulations
New York governor Andrew Quomo recently announced New York’s new debt collection regulations. The regulations, issued under a provision of […]
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American Bar Association Issues New Ethics Opinion Regarding Debt Collectors Renting Prosecutor Letterhead
Two years ago, I wrote a blog post about debt collectors using prosecutors’ letterhead to collect a debt. This is generally
Peer To Peer Lending — Great Idea or Major Pitfall?
We’re back from a long hiatus. We’ve seen the usual in the past few months: sources conflicting on whether foreclosures
Fighting vehicle repossession in Illinois
Many Illinois residents have run into difficulty making their monthly car or truck payments in an economy that has yet
What is the role of a U.S. trustee in a Chapter 11 bankruptcy?
During bankruptcy, a trustee is assigned to assist with the process. In Chapter 11, the U.S. trustee’s role is important
Why should I use an attorney to file a personal bankruptcy?
While a corporation or partnership that files for bankruptcy must do so through an attorney, individual debtors who are filing
What are the eligibility requirements of Chapter 7 bankruptcy?
An Illinois individual, partnership, corporation or other business entity can file for Chapter 7 bankruptcy, though the only people who
What is predatory lending and what legal protections do I have?
Some Illinois consumers are growing increasingly wary of the terms and conditions associated with taking on debt, and with good
Understanding discharge dates in different bankruptcies
An Illinois resident may be eager to see their debt gone when filing for bankruptcy, but the discharge rules can
DOJ Settling With Citi and (Maybe) BoA Over Mortgage Securities
The Department of Justice took a lot of flak for failing to prosecute the banks whose mortgage lending practices contributed