We are a debt relief agency. We help people file for relief under the Bankruptcy Code. Mechanics and Benefit of the Automatic Stay in Bankruptcy If you are facing overwhelming debt and the inability to pay your bills on a monthly basis, you may feel frightened and overwhelmed. During this time, you may be... Read more »
Benefits of Hiring a Lawyer to Defend a Foreclosure Case If you are facing foreclosure on your home, you are likely scared, frustrated, and overwhelmed. One of the most complex challenges any person can face is the foreclosure process. If you are planning on defending yourself, and your home, in a foreclosure case, it may... Read more »
Lake County Residential Property Tax Appeals If you are a Lake County, Illinois homeowner, you have undoubtedly been upset by the continued increase in your real estate taxes. Lake County real estate taxes are some of the highest in the nation, and the continual increase in taxes risks pricing homeowners out of the market. Every... Read more »
How to Appeal Illinois Commercial Property Taxes A major expense for most commercial landlords and tenants is property taxes. In Illinois, the commercial property tax is based on two things — the tax rate imposed by the county or township, and the assessed “fair market value” of the property. If you believe the latter is... Read more »
Effect of SECURE Act on Estate Planning In December 2019, the federal government passed the Setting Every Community Up for Retirement Enhancement Act of 2019, also known as the SECURE Act. This was an attempt by the federal government to ensure that older Americans would not outlive their savings, and is essentially an end-of-year appropriations... Read more »
Denied Paycheck Protection Program (“PPP”) Financing? You may Have Legal Recourse. Congress appropriated, and President Trump approved the deficit-spending of $350 million dollars of our taxpayer money to help small businesses. It is becoming clear that a great portion of these funds were unlawfully diverted away from Small Businesses to increase banks’ profits, and was... Read more »
(Our firm practices bankruptcy law and is considered a debt relief agency by federal law. We help people file for bankruptcy relief under the Bankruptcy Code). The COVID-19 (“Novel Coronavirus”) pandemic has undeniably altered all aspects of life not only for the foreseeable future, but potentially, permanently. Many thousands of individuals have been personally... Read more »
Shareholder Oppression in Closely Held Businesses in Illinois If you are a minority shareholder of a closely held business in the state of Illinois, you have rights when the majority shareholders or directors of a non-public corporation are acting inappropriately or in an illegal way. Learn about shareholder oppression and what types of actions... Read more »
The IRS Announces the 2020 Estate Tax Exemption and the 2020 Gift Tax Exemption Every year the Internal Revenue Service (IRS) releases the annual estate tax exemption for those passing away during the calendar year as well as the annual gift tax exemption for those gifting assets within the calendar year. For the calendar year... Read more »
Things to Consider When Buying and Selling Businesses in Illinois If you are considering buying a business or selling your business, you may feel overwhelmed with the process. Contracts, filings, and state laws all need to be followed to ensure the legality of the sale, as well as to ensure that you are avoiding potential... Read more »