Bankruptcy, Foreclosure & Loan Modification Posts in November, 2015

Which Debts Can Not Be Discharged by Filing for Bankruptcy?

When an individual is facing insurmountable levels of personal debt, bankruptcy is often the only way to escape from this debt and regain his or her financial independence. Individuals can file for Chapter 7 or Chapter 13 bankruptcy, depending on the level of debt and their disposable income. Through bankruptcy, debts are reduced or even completely eliminated....
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How to Spot a Debt Counseling Scam

When you are struggling with a large amount of personal debt, you might find yourself considering options that were previously unthinkable to lower your debt amount. Having to file for bankruptcy is a last resort for many people, who first explore options like strict budgeting, taking loans from friends and family members, or selling their possessions. After exhausting these options, some individuals seek help through debt counseling or consolidation services, hoping to alleviate their debt this way instead of having to file for bankruptcy....
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The United Neighborhood Organization is Potentially Facing Bankruptcy

The United Neighborhood Organization (UNO), the company behind the UNO Charter School Network, is potentially facing bankruptcy. UNO Charter School Network, once the most powerful Hispanic community group in Chicago, will potentially have to close six of its schools to remain financially solvent. These schools serve approximately 4,000 students from elementary through high school....
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  • Newland & Newland LLP, Attorneys, Arlington Heights, IL