Bankruptcy, Foreclosure & Loan Modification Posts in August, 2017

What is Bankruptcy Fraud?

Bankruptcy fraud is the act of defrauding a bankruptcy court or trustee for one’s own financial gain, which is typically through not having to liquidate certain assets. It is considered to be a white collar crime because it is financial in nature and generally requires the offender to hold a privileged position, such as a financial advisor to the indebted individual....
Continue Reading »

What are Some Common Reasons Why People File for Bankruptcy?

Everybody who files for bankruptcy has a personal reason for doing so. For some, it is a fairly easy decision and for others, it comes only after a prolonged period of analysis and searching for alternatives. No matter why you file for bankruptcy, understand that it is not a personal failure. It is a way to discharge the debts that are preventing you from living a financially secure lifestyle. Below are a few of the common issues that can drive people to the point of filing for bankruptcy. Medical Bills...
Continue Reading »
  • Newland & Newland LLP, Attorneys, Arlington Heights, IL