Bankruptcy, Foreclosure & Loan Modification Posts in January, 2018

Low Income Earners can File for Bankruptcy More Easily Through New Program

Many low income individuals who are desperately crushed by their outstanding debt avoid filing for bankruptcy because they are worried about its cost. Although completing a bankruptcy case can be costly, what these individuals often do not realize is that it is cheaper in the long run than continuing to put the bulk of one’s paycheck toward payments, often watching their debt compound and grow despite making an honest effort to pay it down....
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Couple Files for Bankruptcy After Hurricane Fraud Conviction

A Texas pastor and his wife who had been convicted of hurricane fraud in August of 2017 filed for Chapter 13 bankruptcy just a few months later in an effort to alleviate the stress of the debts they are facing. The couple stated that their debt liabilities are between $500,000 and $1 million and that their assets are worth about the same as their debt....
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Nightclub’s Bankruptcy Makes it Difficult for Shooting Victim’s Loved Ones to Pursue Wrongful Death Claim

The owner of the Cameo nightclub in Cincinnati, the site of the deadly shooting in March of 2017 that holds the record as the worst mass shooting in Cincinnati history, has filed for bankruptcy. This filing halted the progress of the wrongful death claim filed by the family of O’Bryan Spikes, a nightclub patron who died in the shooting....
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  • Newland & Newland LLP, Attorneys, Arlington Heights, IL