Monthly Archives: May 2012

Celebrity Bankruptcy Filings

Posted on May 31, 2012 in Bankruptcy

People who file bankruptcy are experiencing hard times. Often they worry that they will not be able to pick […]

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Lakelaw and Social Media

Posted on May 23, 2012 in Uncategorized

  Lakelaw remains committed to serving our clients and protecting their confidentiality. That said, like many firms, we […]

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Mixed News From Report on Home Sales

Posted on May 22, 2012 in Foreclosure - Saving Your Home, Illinois, Real Estate, Wisconsin

Politicians, economists, and consumer advocates have been hoping for months that the housing market would improve.  This, it […]

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Credit Unions and Cross Collateralization

Posted on May 21, 2012 in Bankruptcy

Credit unions are great to work with…unless you’re in bankruptcy. This is because of something known as cross […]

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If I File For Bankruptcy Relief, Can Creditors Take My Property?

Posted on May 17, 2012 in Bankruptcy, Chapter 7, Exemptions, Illinois, Wisconsin

The short answer:  technically yes, but creditors almost never do.  Most of our clients leave bankruptcy with everything they […]

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Bankruptcy is Bad….Unless You’re a Mortgage Servicer

Posted on May 14, 2012 in Uncategorized

  Nobody comes to our office proud to be filing bankruptcy.  Bankruptcy to many people evokes shame, financial […]

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Does the “Show Me the Note” Defense Work to Stop a Foreclosure?

Posted on May 9, 2012 in Foreclosure - Saving Your Home, Legal, Mortgage Foreclosure Defense

Something we have seen a lot lately at Lakelaw is a failure of banks and their attorneys to follow […]

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Why is it So Expensive to File a Bankruptcy?

Posted on May 8, 2012 in Bankruptcy, Bankruptcy Information, Bankruptcy procedures, BAPCPA, Chapter 13, Chapter 7, Illinois, Wisconsin

Lawyers, especially bankruptcy lawyers, are very aware of what is happening with the economy and how the average […]

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Will Freddie Mac and Fannie Mae Help Slow the Foreclosure Crisis?

Posted on May 4, 2012 in Alternatives to Bankruptcy, Real Estate

  Freddie Mac and Fannie Mae back over half of the nation’s mortgage loans.  Because they were exempted […]

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I’ve Already Filed for Bankruptcy But I Need Financial Relief Again

Posted on May 3, 2012 in Uncategorized

  People routinely come into our office concerned about filing a bankruptcy because they have filed for bankruptcy […]

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