A question that often comes up in my practice is whether lawsuits, potential lawsuits or other types of legal claims need to be disclosed on a bankruptcy petition. The resounding answer to this question is definitely yes. In fact, if you leave off an injury or workers compensation lawsuit it will probably end up hurting […]
Why You Should Always Disclose Injury Lawsuits In Bankruptcy Read More »
Disclaimer: As of January 1, 2026, Public Act 104-0120 will drastically update Illinois bankruptcy exemption amounts. The figures below reflect the new law that will be in effect from that date forward. However, for all bankruptcies filed before January 1, 2026, the old exemption amounts still apply. Which set of numbers controls depends entirely on
Illinois Chapter 7 Bankruptcy Exemptions: Keeping What You Own Read More »
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