Bankruptcy, Foreclosure & Loan Modification Posts in July, 2017

How to Know it is Time to File for Bankruptcy

When you are living with debt, the debt can easily become your “new normal.” Sometimes, an individual can live like this for years, not realizing that he or she can receive help with the debt through financial counseling, debt consolidation, or bankruptcy. If one or more of the following apply to your life, you could be a good candidate for bankruptcy. Talk to an experienced bankruptcy lawyer to receive help and advice with that decision. Your Debt is Growing Faster than You Can Pay it Down...
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Alfred Angelo Bankruptcy Disrupts Brides’ Plans

In July of 2017, dressmaker Alfred Angelo filed for Chapter 7 bankruptcy after more than 75 years in the bridal dress business. The 60 Alfred Angelo shops were shuttered immediately. This came as a surprise to dress retailers and the brides who had ordered Alfred Angelo gowns through them, some of whom are now scrambling to find out if they will receive their dresses or if they will have to get new gowns at the last minute....
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If You are Considering a Loan Modification, Make Sure You are Qualified for One

When a homeowner is facing foreclosure, getting a loan modification can be an attractive alternative to filing for bankruptcy or facing the foreclosure process. If you are considering modifying your mortgage loan, understand that it is not a simple process. You will need to demonstrate that you are qualified to have your loan altered this way and if you do receive a modification, you will need to comply with its terms....
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How Could My Bankruptcy Affect My Family?

When you are facing a substantial amount of personal debt that you cannot realistically repay on your own, you might consider filing for bankruptcy. In most cases, this is not an easy decision. Your bankruptcy will change your life, and if you have dependents, it will impact their lives, as well....
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  • Newland & Newland LLP, Attorneys, Arlington Heights, IL
  • Lawyer.com