Oak Park Real Estate & Estate Planning Blog

Are individual retirement account (IRA) funds protected from creditors during a personal bankruptcy proceeding?  The U.S. Supreme recently heard arguments in Clark v. Rameker , a bankruptcy case concerning inherited IRA funds.  According to an article in Digital Journal , the Supreme Court’s decision in this case “could have an impact on future bankruptcy cases across the U.S.” and could have significant implications for other courts interpreting the Bankruptcy Code.   If you have questions about protecting your assets in a bankruptcy , it’s very important to speak with an experienced Illinois bankruptcy lawyer .  At the Emerson Law Firm, we have been assisting Chicago residents with bankruptcies for years, and we can answer your questions today. Details of Clark v. Rameker In 2010, a husband and wife, Heidi Heffron-Clark and Brandon Clark, filed a voluntary joint Chapter 7 bankruptcy when their a pizza shop failed.  At the time of filing...

Are some credit agencies more frustrating for Illinois consumers than others?  Surely, many debt collection agencies like Calvary SPC or LVNV Funding cause Chicago debtors to worry about making payments on debts and being sued for money they owe.  But what about credit card companies?  A recent report from Illinois PIRG suggests that Capital One is actually the “most-complained about credit card company in Illinois.” Have you been harassed by a credit card company?  Have you been targeted by a collection agency that employs deceptive or unfair collection practices?  Many Illinois residents deal with the ramifications of consumer fraud an abusive debt collection practices everyday.  At the Emerson Law Firm, we are committed to assisting people in the Chicago area with consumer protection matters.  Contact us today to talk with an experienced consumer protection attorney . Consumer Financial Protection Bureau Assists Illinois Residents ...