In 2019, student loan debt reached an all-time high: more than $1.5 trillion among 44 million Americans. Therefore, it is the second-highest form of consumer debt, directly behind mortgages. While mortgages, credit card debt, and other types of loans can be discharged through bankruptcy, courts have barred student loans from this form of cancellation. Congress officially prohibited federal student loans…Read More
Stopping Wage Garnishment Through Bankruptcy Call Our Wage Garnishment Lawyers Serving Northbrook The short answer to this question is yes -- bankruptcy can stop your wages from being garnished, but first, it’s crucial to understand how wage garnishment works when it comes to bankruptcy. If your wages are being garnished, here’s what you can do. What Is Wage Garnishment? Wage…Read More
How to Catch Up on Your Mortgage There are many reasons why people fall behind on their mortgage payments. Whether its mounting medical bills, an unforeseen job layoff, or high credit card balances — life happens. Although being late on mortgage payments can put you at risk of foreclosure, all hope is not lost. Here are some ways you can…Read More
Have you recently filed for chapter 7 or chapter 13 bankruptcy? Are you worried about how you and your family are going to make it through the holidays without adding to your debt? At Bach Law Offices, Inc., we are committed to helping clients with their bankruptcy cases so they can obtain the debt relief they need to get their finances back in…Read More
Timing is crucial if you are planning to file bankruptcy to get out of debt. When the holidays come around, many people with serious debt issues try to work around their financial troubles because they feel it will be better to just deal with it next year. However, if you spend too much time and effort worrying about your holiday obligations, your…Read More
At Bach Law Offices, Inc., we understand how stressful it can be when you are juggling debts and being harassed by creditors for payments you can’t quite make yet. If you are in this situation and feel like it is spiraling out of your control, then you need to uphold your rights as a consumer and fight back to put an end…Read More
Are you starting to have trouble paying your debts each month? Are you worried you might lose your home if you don’t get your financial affairs back on track? If you have been wondering whether bankruptcy is the right solution for your situation, then keep reading to find out what questions you need to answer before filing your bankruptcy case.…Read More
According to a report from CNBC, more Americans are now filing for bankruptcy due to medical debt than ever before. Although most people think that medical bankruptcy only deals with hospital and doctor bills, it can also be the result of lost income related to an accident or illness. Even when a person has health insurance, the staggering cost of medical debt can…Read More
Our legal team at Bach Law Offices, Inc., Inc. understands how overwhelming it can feel when you are drowning in debt. Debt can prevent you from obtaining your financial goals, such as buying a new home or saving enough money for retirement. This is why you should make a plan that can help reduce your debt and get your financial…Read More
Can you no longer afford to pay all of your debts? Are you considering filing for bankruptcy but not sure what will happen to your car? When you file for bankruptcy, you will have the chance to cancel your installment contract and surrender secured collateral (your car). So if you file for Chapter 7 and decide to surrender your motor…Read More
