Bankruptcy, Foreclosure & Loan Modification Blog

Know the Right Time to File Bankruptcy to Regain Financial Losses

According to a law review posted this year, the longer an individual delays in filing bankruptcy the more difficult it gets. This not only damages the person financially, but it affects his or her well-being or health. Once debt becomes unmanageable and assets start depleting, lawsuits for debt collection start piling up and people become unable to afford basic necessities. For this reason, it is important to understand the right time to file for bakruptcy....
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Increase Bankruptcy Among Elderly is Becoming a Social Issue

According to new research, more seniors are facing financial crises than ever. Bankruptcy cases filed by Americans 65 years and older are increasing in number and that number is likely to keep growing. Some experts believe that it brings about a grave social issue worth looking into. This could be a result of rising medical costs, low savings, and dwindling pension benefits....
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How can I Stop the IRS From Garnishing My Wages?

When your paycheck is garnished by the either the Internal Revenue Service (IRS), the Department of Workforce Development, or the courts, it can wreak financial havoc in your otherwise stable life. Furthermore, becoming gainfully employed should you lose your current job will be nearly impossible. Although, according to law, employers are not allowed to discriminate against an employee suffering from wage garnishment, disclosing that information on an application before you are hired may raise red flags....
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Can Chapter 11 Bankruptcy Help My Struggling Business?

Bankruptcy itself is not an enemy to your finances, and you should not see it that way—unless you never want to get out of debt. Contrary to the widespread opinion that filing for bankruptcy will hurt you, Chapter 11 is not the end of the world, nor does it make you forever ineligible to receive credit. Bankruptcy status is a way to find financial relief to overwhelming debt, so that you can build a brighter financial future. At some point in time, many people experience financial woes....
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Chicago Residents Sue the City After Being Forced into Bankruptcy

Traffic ticket prices have skyrocketed in Chicago since Mayor Rahm Emmanuel agreed to spike citations from $120 to $200. Statements from the mayor say that the surge in traffic citation prices will bring $16 million much-needed dollars to the city of Chicago. However, the citations managed to only generate a few million dollars and forced thousands of already disadvantaged residents into filing for bankruptcy to cope with the debt....
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Newland & Newland, LLP Wins Prestigious BBB Accreditation Award

Our team at Newland & Newland, LLP is proud to announce that we have been awarded the Better Business Bureau’s Certificate of Accreditation. Our accreditation period began in June 2018 and will continue through May 2020. We plan to continue providing top notch legal services to our clients and continuing to be BBB certified for years to come. The Better Business Bureau (BBB) awards its Certificate of Accreditation to companies that exhibit its eight standards for trust. These are:...
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Why Child Support Payments are Not Subject to the Automatic Stay

When you file for bankruptcy, the automatic stay goes into effect. This is a legal order that stops your creditors from continuing their efforts to collect the debt you owe them. It is your chance for a “breather,” a bit of relief from their collection attempts as you organize your bankruptcy case and begin the process of repaying and discharging your debt....
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Bertucci’s Plans to File for Bankruptcy

Bertucci’s Inc., a Massachusetts-based restaurant chain best known for its brick oven pizza, has announced that it will file for bankruptcy in the coming weeks. Currently, Bertucci’s operates more than 80 locations throughout the northeastern United States. Its first location opened in 1981....
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