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We also serve Geneva, St. Charles, Batavia, IL and the surrounding areas.
Many Illinois residents who are contemplating filing a bankruptcy petition worry about whether the proceeding will render them penniless. The comforting answer is that neither Chapter 7, which involves the total discharge of most of the petitioner’s debts and Chapter...
Most Chicago residents make the hard choice to file a bankruptcy petition in the belief that the final order from the court will discharge all their debts. Unhappily, this belief is wrong on two counts. First, a discharge of all debts can be obtained only in a Chapter...
Many of us in Geneva can agree that in today’s 24/7 society, our cell phones have become essential parts of our lives. Some of us even have multiple cell phones; one personal phone and one work phone. Of course, smartphones today have many exciting features, and there...
If an employee is presented with a severance agreement, his or her first instinct might be just to sign it and move on to another job. However, there may be an opportunity to negotiate the terms of the severance agreement in his or her favor first. Severance...
There are a lot of moving parts when it comes to estate planning. Some aspects will be more or less important to different people and your needs will change as you move through life. Health care directives are one thing which can benefit anyone and at any time. Health...
Over the past two years, the media has claimed that a bankruptcy tsunami was right around the corner. Indeed, at least once a month, we were told that there would be a flood of bankruptcies at any moment. Those warnings now seem largely alarmist as no bankruptcy flood...
The problem of medical debt is not going away, and in fact has become a more pressing issue for many people in Illinois and elsewhere who are experiencing severe health issues. For those who have had a change in health care coverage, premiums, or copays, health...
One of the most persistent problems faced by individuals who are having financial troubles is the daily rain of collection notices from various creditors. These letters are often accompanied by calls from demanding and intrusive calls from debt collectors. Filing a...
For those that have already done an estate plan or that are in the estate planning process, traditional assets, like our cars and houses, are already in our wills. Including traditional asset classes are relatively simple. As one includes other financial assets...
Estate planning is a hard subject to approach. That is because it involves discussing the end of one’s life and the process of distributing their assets after their death. Few Illinois residents look forward to conversations about their mortality, wealth, and the...