Jay F. Fortier Law Blog

What is a Discharge in Bankruptcy?

Tuesday, April 27, 2010 by Jay F. Fortier

While the burden of a Chicago bankruptcy may seem inescapable, it provides financial relief and a fresh start.  In a bankruptcy discharge, debtors are no longer liable for certain debts and are released from having to make further payments.  Most Chicago Chapter 7 bankruptcy... Read More
Posted at 11:47 AM  |  PERMALINK
Topic: Bankruptcy

What Debts Cannot Be Cleared by Bankruptcy

Tuesday, March 9, 2010 by Jay F. Fortier

A common myth about bankruptcy in Chicago is that every debt you have is magically wiped off the slate.  Filing for bankruptcy can bring tremendous relief to debtors, and they do get a fresh start, but not every debt can be cleared.  For instance, most people do not realize that only some tax debt is dischargeable.  A bankruptcy lawyer can review... Read More
Posted at 11:35 AM  |  PERMALINK
Topic: Bankruptcy

Steps to Avoid Bankruptcy

Tuesday, March 9, 2010 by Jay F. Fortier

Debt starts out small, then builds and gains momentum as interest rates compound.  It is like a torrent sweeping you downriver in a direction you never wanted to go.  When debt seems insurmountable, it should be obvious you need to step out of your comfort zone.  If you act quickly, you may be able to avoid bankruptcy in Chicago.  Here are some steps you ma... Read More
Posted at 11:17 AM  |  PERMALINK
Topic: Bankruptcy
« previous page   (Page 1 of 1, totaling 3 entries)   next page »
Lawyers.com Blog

Lawyers.comSM Blog

Get an inside view of
Lawyers.com

About Me

Blog Topics

Bloggers

Jay F. Fortier (3)

Archives

Recent...