ABI Blog Exchange

Bankruptcy Delay Tactics That Can Destroy Retirement Prospects

It’s an unfortunate reality of our current economy, but many workers over 40 are finding that their debt load is seriously interfering with their ability to either save for retirement or to maintain the savings they have already accumulated. Many

Trapped in the Closet Chapter 7 or 13?

Robert Sylvester Kelly, better known as R & B singer R. Kelly, is facing foreclosure on his home in Olympia Fields, Illinois. J.P. Morgan Chase Bank filed the $2.9 million foreclosure suit against R. Kelly last month. It appears...

Filing Bankruptcy After 60? Steps You Can Take To Handle Nondischargeable Debt

More than forty-five years have passed since Title IV of the Higher Education Act which authorizes the government to issue federal student loans was passed in 1965. Many students who took advantage of the student loan program then and in the years

Want to Improve Rents & Occupancy at Apartments & Student Housing? One word: Technology

In the movie The Graduate (1967), Ben learns that one word ( “plastics”) is the pathway for a successful career. Today, for distressed investments or for quality apartments (including apartments pointed to students as tenants), the pathway to higher

Crest Hill Bankruptcy Lawyer Illustrates Workers Compensation Exemptions

Link Workers compensation money is 100% protected if it is strictly a work injury. There is one exception here and that is for a third-party claim. A third party claim is when you can sue a manufacturer of equipment or somebody else. Let’s say for

Can I Raise MY Debt Ceiling? Should I?

While Congress and the White House debate raising the debt ceiling of the nation, many of us just plain citizens wonder if we too should borrow more money to get through our hard times. The questions we need to ask are… can we borrow more? … and

Books-A-Million, Inc. Announces That It Will Not Acquire Borders' Stores

Where Does Bankruptcy Law Come From? Part 3 – Federal Rules of Procedure

As outlined in earlier segments of this series, bankruptcy law primarily comes from federal and state laws. But critical parts also are based on rules written by the court system itself. The laws that Congress enact are typically broad definitions of

7 negotiating tips for distressed sellers

When events in your life force you to sell your home quickly, don't despair. You have options.

Bankrupt, underwater and want to refinance

Bankruptcy can help you keep your home, but securing a better mortgage won't be easy.

ARM, hybrid or fixed-rate loan?

Home loans have many variables; rates are only one. Learn the ins and outs before choosing.

5 must-haves for a fab first home

The price is just one thing to ponder. These other homebuying points are critical, too.

Should renters carry a liability umbrella?

When it rains it pours, and umbrella liability insurance can help you weather the lawsuit storm.

Pay off mortgage with IRA funds?

Although you're more than 59½ years old, you still have to pay income tax on the withdrawal.

Lockport Bankruptcy Lawyer Discusses Secured And Unsecured Debts

Link Chapter 7 is for people with little or no assets and a lot of unsecured debt. Unsecured debts are medical bills, personal loans, credit cards, things where there is nothing that can be taken back. The money is either gone on the credit card or

HearUSA Receives Competing Bid From an Affiliate of Siemens for Substantially All of its Assets

Harrisburg, Pa., Votes Against State-Sponsored Plan to Sell Assets

Stocks End Lower on Debt Deadlock

BlackBerry Maker RIM Lays Off 2,000 Employees, COO Retires

Three Bankruptcy Traps for Small Businesses

Perhaps you’re self-employed. Or maybe you own a small corporation or LLC. Times are hard. Time to see a bankruptcy attorney. You might be surprised to realize that these two items are considered assets: accounts receivable and unbilled work in