A bankruptcy filing can affect a person's ability to obtain loan or rent an apartment, mainly because it destroys a person's credit. Illinois residents who are considering filing for bankruptcy might be wondering if it will have an effect on their future job...
Month: March 2020
Exemptions: An essential part of the bankruptcy code
Bankruptcy is sometimes a tough pill to swallow. You have worked hard to get where you are, and the fact that you had something unexpected happen in your life could ruin it all.Fortunately, bankruptcy isn't going to ruin you. In fact, bankruptcy is designed to help...
How COVID-19 could influence estate plans
The recent COVID-19 pandemic has caused instability in financial markets and significant disruptions to the lives of those living in Illinois and throughout the country. However, in addition to the challenges that it has caused, the recent outbreak may also create...
Pay attention to life insurance in a divorce
Illinois divorces may be even more complicated than they initially seem. Of course, there are difficult issues such as property division and custody for the two parties to work out in the divorce agreement. Beyond that, there could still be other concerns that the...
3 rights your children have during a divorce
A child whose parents are going through a divorce also has to make a transition. They need to adjust to living in two homes and having to split their time between parents. This can be a rather traumatic experience, and kids can internalize blame for their patents'...
The case for timely estate planning
Illinois residents might want to take a closer look at their estate planning strategies to ensure that they will not struggle with costly tax implications. Those who have significant assets have opportunities available to them as far as protecting their wealth and...