Hi. My name is {deleted}. I'm a resident of Chicago, IL. I have a wife, 2 kids and a dog. I don't own anything big or expensive. I've been paying on time on my credit card bills, but I just can't continue doing it. My wife doesn't like the idea of a bankruptcy. Can I just go ahead without getting her involved? Thanks.

 

Dear Mr. {deleted}:

Thank you for your email. The answer to your question depends on the debt situation that you and your spouse are in. For instance, if you and your spouse are joint debtors on a debt, and you file a bankruptcy, your spouse would still be liable. In that situation, it would be better if you both file together. Of course, I would need to meet with you in order to fully analyze your situation.

 

 

Good Morning. Just looking for a bankruptcy attorney in the area and saw your website. I am really considering the possibility of bankruptcy. I'm concerned how a bankruptcy would affect the business I own. You see, I run that business with a business partner. I don't want to do a bankruptcy if it is going to cause trouble to my business partner.

 

Dear Mr. {deleted}:

I appreciate you visiting my website. From reading your email, my impression is that you want to keep that business going. An option would be to withdraw from the partnership before you file your case. That way, your bankruptcy would not affect your partner's interest. On the other hand, if you choose to remain a partner in the business, your interest in the partnership and the debt of the partnership will be looked into by the bankruptcy trustee. Fortunately, the trustee cannot force liquidate the partnership, so your business partner should be fine. Please call me to further discuss the issue.

 

 

I did a bankruptcy over 10 years ago with my husband. We will probably ask you to help us file one soon. I keep hearing about changes in the bankruptcy law. What are these "changes"?

 

Dear Mr. and Mrs. {deleted}

In October, 2005, a number of changes were made to the Bankruptcy Code. Among those changes were the requirements that clients take a credit counseling course prior to filing bankruptcy, and then take a financial management course after filing. Other changes were the creation of a bankruptcy test to see whether clients qualify based on past income and IRS expenses, the need for more documentations, and the increase in time periods between successive bankruptcies. While the new law requires more work and analysis, an experienced attorney will help make the process as simple as possible for you. Feel free to call me to schedule an appointment so that we can talk about your options in more detail.