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Monthly Archives: September 2010

Debt Settlement Firms are Bogus – Ask the MSNBC Experts!

Posted by David Leibowitz on September 21st, 2010 in Alternatives to Bankruptcy

We at Lakelaw have been saying this for years.  Debt settlement firms say “don’t file bankruptcy.”  We say steer clear of debt settlement firms.  And we’re not alone.  Here’s a great video from MSNBC which explains it in detail.

Do you want to try it yourself?  Go for it.  Try to settle those debts by yourself.  Or call Lakelaw.  We know what the going rates are and we’ll be glad to help.  If you have the funds to avoid bankruptcy, wonderful.  If you don’t don’t worry.  We’ll help you file bankruptcy and get the fresh start that you need and deserve.

For financial freedom in Illinois and Wisconsin, call us at Lakelaw – 1 866 LAKELAW.  That’s 866 525-3529.


Wisconsin Bankruptcy Cases Filed at a Record Level

Posted by David Leibowitz on September 12th, 2010 in Bankruptcy, Bankruptcy Information

For the fiscal year ending June 30, 2010, almost 30,000 bankruptcy cases were filed in Wisconsin.  This is the largest number filed during the past 40 years, and probably even beyond that.  Of these cases, more than 96% of the cases were chapter 7 cases or chapter 13 cases.  This level of filing is 20% in excess of the already elevated level of cases filed in fiscal year 2009 ending June 30, 2009.

What does this mean?  Several factors:

  • The economy stinks – plants are closing throughout Wisconsin
  • High unemployment rates persist – still close to 10%
  • Mortgage foreclosures are running rampant – more foreclosures have been filed in Wisconsin than ever – mediation is effective only in Milwaukee and Dane Counties – other county courts seem intent  on shoving mortgage foreclosures through the courts as fast as possible without regard to homeowners’ rights
  • Collection of credit card and medical debt is more aggressive than ever – predatory collection firms

Remember, creditors have rights but debtors have remedies.  Bankruptcy is the most important remedy which you have as a debtor facing economic hardship. In particular, chapter 13 to save your home can still be very effective.  Bankruptcy is not shameful. It is your right.  It’s built into our United States Constitution, which these days is a matter of paramount concern to many people.  Check it out in Article 1 Section 8 Clause 4.

And Congress has granted people the right to file bankruptcy pursuant to its constitutional authority to do so.

So, if you need bankruptcy help, call David Leibowitz or Ryan Blay at Lakelaw:  262 694 7300.  We’ll help you exercise your constitutional right to a fresh start after bankruptcy.  Do it now.


Illinois Bankruptcy Filings at a Record Level

Posted by David Leibowitz on September 12th, 2010 in Uncategorized

For the fiscal year ending June 30, 2010, 63,348 bankruptcy cases were filed in the Northern District of Illinois.  This is the largest number filed during the past 40 years, and probably even beyond that.  Of these cases, more than 96% of the cases were chapter 7 cases or chapter 13 cases.  This level of filing is 30.2% in excess of the already elevated level of cases filed in fiscal year 2009 ending June 30, 2009.

What does this mean?  Several factors:

  • The economy stinks
  • High unemployment rates persist
  • Mortgage foreclosures are running rampant
  • Collection of credit card and medical debt is more aggressive than ever.

Remember, creditors have rights but debtors have remedies.  Bankruptcy is the most important remedy which you have as a debtor facing economic hardship. Bankruptcy is not shameful. It is your right.  It’s built into our constitution, which these days is a matter of paramount concern to many people.  Check it out in Article 1 Section 8 Clause 4.

And Congress has granted people the right to file bankruptcy pursuant to its constitutional authority to do so.

So, if you need bankruptcy help, call us at Lakelaw 1 866 LAKELAW (525-3529).  We’ll help you exercise your constitutional right to a fresh start after bankruptcy.  Now.


Some Myths About Filing for Bankruptcy in Illinois or Wisconsin

Posted by David Leibowitz on September 12th, 2010 in Bankruptcy

Bankruptcy and foreclosure are still on the rise in Illinois and Wisconsin. Because of price and experience variations among the numerous attorneys who file bankruptcy cases, many myths abound about bankruptcy lawyers.

Laweyrs Overcharge


Some lawyers do overcharge. Some lawyers, on the other hand, charge much less than their experience merits. Consumer bankruptcy is perhaps the lowest paying law field in terms of per client. Illinois bankruptcy lawyers and Wisconsin Bankruptcy attorneys rarely expect to charge more than $1,500 to $3,500  to a client who already lacks money. Where a DUI lawyer or an OWI attorney may cost you tens of thousands and a personal injury lawyer far more, many good Illinois bankruptcy lawyers and Wisconsin bankruptcy attorneys charge very reasonable fees.


The Lawyer Has No Time

Maybe your lawyer doesn’t have enough time.  But we at Lakelaw always have enough time for you. WIf you hire the lowest priced lawyer, he or she is likely making money by taking on dozens of clients at a time. However, experienced Illinois bankruptcy lawyers and Wisconsin bankruptcy attorneys like David Leibowitz, Ryan Blay and Carrie Zuniga who charge more often put much more effort into ensuring your bankruptcy succeeds, treating you with the care, kindness, courtesy, respect, professionalism and dedication you deserve.

Bankruptcy Is Easy

Bankruptcy law is not an easy field. It has changed much in recent years with so many more bankruptcies being filed, especially in Illinois and Wisconsin. True, it’s easier to represent a bankruptcy client than a murder suspect, but it still requires education, in court experience, and knowledge of the law.

Experience Does Not Matter

Experience counts. The more complex your bankruptcy case is, the harder it will be for your lawyer. A lawyer with 37 years bankruptcy experience in Illinois like David Leibowitz will know far more than a lawyer with less time in and out of court rooms. You sometime pay more for experience, but just like you want your doctor to be professional and experienced, so too do you want a knowledgeable bankruptcy lawyer.

You Need No Guidance

You can do it yourself, right?  Well I can change my oil but I wouldn’t try fixing my brakes.  You can get the point.   Filing bankruptcy is not like changing your oil.  It involves complexity you just can’t be expected to handle.  . If you fill out documentation wrong, it can cost you time. If you break laws knowingly, you can be charged with a  crime. If you are in danger of losing your home to foreclosure, time is critical.

Bankruptcy Solves All Problems

Filing bankruptcy in Illinois  will not solve all your problems. It’s not always in your best interest. And a lawyer can only do so much.


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