bankruptcy lawyer

Gawker Develops Plan for Bankruptcy to Help Creditors Collect Debts

In 2016, online media group Gawker filed for Chapter 11 bankruptcy. It is now in the process of developing its bankruptcy plan, which will allow for its payment to individuals and groups involved in litigation against the group. Over the years, multiple parties, including former professional wrestler Hulk Hogan, have filed claims against the group alleging misconduct.
Continue Reading »

Chicago Group Repays Veterans’ Student Loans

One local nonprofit is dedicated to paying off the student loans of combat veterans and easing the financial burden that these families face. Eli Williamson founded Leave No Veteran Behind because the average military veteran carries about  $56,000 in student debt. Since 2009, this foundation has paid the outstanding student loan debt of 10 veterans.
Continue Reading »

Deed in Lieu of Foreclosure Approach to an Upside Down Mortgage

Facing an upside down mortgage can literally turn anyone’s financial stability upside down as well. An upside down mortgage or when the collateral that secured a mortgage loan is considerably worth less than the balance owed has secured prominent standing in the U.S. real estate market in the past seven years.
Continue Reading »

Getting Back into the Game: Mortgage Delinquency Assistance from a Qualified Attorney and Licensed Real Estate Broker

When you purchased your home a few years ago, life was great. Your job was secure, your children were happy and healthy and your marriage was stable, of course with the common marital ups and downs but still reasonably stable. Then it all came crashing down. One of your children was diagnosed with a chronic disorder causing medical bills to soar, you became a victim of employment downsizing, and your spouse decided it was all too much and filed for divorce. You are now in danger of losing the family home to foreclosure.
Continue Reading »

Filing for Bankruptcy: A Family Affair

Children are observant. They tend to sense when something is wrong. The continual phone calls from creditors, the heated arguments over money, less trips to the grocery store and even less money spent on family fun. Even more so they noticed a change in you. Emotions are running high and they have been walking on eggshells.
Continue Reading »

Guidelines for Dealing with Debt

Every month, people have to pay bills.  They can be credit card bills, utility bills, and other bills for education or a house.  There can be times when these debts become unmanageable due to factors like personal injury, loss of a job or just overspending.  If you are experiencing a financial crisis, then there are certain steps you can take to mitigate any damage.
Continue Reading »

New Fund for Madoff Victims May Stave Off Bankruptcy

When Bernie Madoff was arrested in 2008 and admitted that a significant part of Bernard L. Madoff Investment Securities LLC was an elaborate Ponzi scheme, nearly 5,000 clients were affected and lost more than $50 billion, collectively. This, of course, resulted in a slew of personal bankruptcies for people who likely never dreamed they’d face bankruptcy proceedings, and a tightening of federal regulations on companies like Madoff’s.
Continue Reading »

Pages

  • Newland & Newland LLP, Attorneys, Arlington Heights, IL
  • Lawyer.com