What Is The Difference Between Chapter 7 And Chapter 13?

Author: Joe Pioletti Posted on: . Filed in: Bankruptcy.

Dealing with a financial crisis is stressful and frustrating. By the time people come to our office to discuss Chapter 7 and Chapter 13 bankruptcy options, they have typically tried everything they can think of to pay their bills from getting part-time jobs to selling their property and dipping into their retirement accounts. We encourage… Read More »

What Is A Chapter 7 Bankruptcy?

Author: Joe Pioletti Posted on: . Filed in: Bankruptcy.

Chapter 7 Bankruptcy is one type of bankruptcy that individuals, couples and businesses may file under the Bankruptcy Code. If a business files for Chapter 7 bankruptcy relief, the business closes and the assets are liquidated by the Chapter 7 Trustee. Individuals who file under Chapter 7 are often worried about losing assets because Chapter… Read More »

Mandatory Credit Counseling and Debt Education

Author: Joe Pioletti Posted on: . Filed in: Bankruptcy.

When Congress passed The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), there were many changes to the Bankruptcy Code. One of the controversial changes was the requirement that debtors must complete mandatory credit counseling and debt education courses in order to file bankruptcy and obtain a bankruptcy discharge. These courses are an… Read More »

Drivers Hang onto License After Ticket

Author: Joe Pioletti Posted on: . Filed in: Updates.

Can I Keep My Car If I File Bankruptcy?

People will be happy to know that effective January 1st 2015 drivers who are ticketed in Illinois for a petty traffic offense will be able to retain their driver’s license before the ticket is paid.  Prior to this drivers were forced to turn over their license as security that they would pay the ticket.

US Regulator Takes Aim at Debt Collectors

Author: Joe Pioletti Posted on: . Filed in: Updates.


The Wall Street Journal recently released a story that the U.S. Consumer Financial Protection Bureau, or CFPD, is taking aim at a large debt collection law firm. The CFPD is a segment of the Executive Branch of the US government who is charged with enforcing federal consumer financial laws. The recent law suit filed by… Read More »