Newland Law Centers, LLC
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Rights of Creditors in Question

Written by Charles Newland

Swiping a credit card, bankruptcyThe rights of creditors under the Fair Debt Collection Practices Act are being reviewed by the United States Supreme Court. Currently, the law prohibits creditors from filing claims for time-barred debts. However, a recent split between the Circuit Courts means that this may change.

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Chapter 7 Bankruptcy Explained

Written by Charles Newland

A sad couple, bankruptcyChapter 7 bankruptcy is a useful tool for some individuals to discharge most of their debt. Chapter 7 bankruptcy, or “straight bankruptcy,” allows the filer to keep certain property exempt, while the rest is liquidated to satisfy the debt. Liquidation is the forced sale of an asset to satisfy an obligation, like loans or credit. The Bankruptcy Trustee would liquidate all of the filer’s non-exempt property to satisfy outstanding debts.

The credits then accept the payments in satisfaction of the debt; often it can be pennies on the dollar. Anything that is unpaid is discharged by the bankruptcy court.

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Life After Filing Bankruptcy

Written by Charles Newland

A couple holding hands, bankruptcy attorney Many people facing bankruptcy are hesitant to file because of the negative impact it may have on their future. Although getting a car loan, mortgage or credit card will be more difficult in the short term, it is not impossible and as long as you keep your debts down and maintain your job status afterwards, your credit will rebound faster than you think. A bankruptcy attorney can explain the negative impacts on a person’s specific situation.

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ABLE Accounts For Better Special Needs Planning

Written by Charles Newland

A boy is on his mom's back, special needs trustABLE (Achieving a Better Life Experience) accountsare available for any Illinois resident who developed a qualifying disability prior to their 26th birthday. Any person can contribute to that individual’s ABLE account as long as the total contributed funds are not more than $14,000 per year. ABLE accounts with less than $100,000 do not count toward the disabled individual’s personal liquid assets.

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Taking Control Of End-Of-Life Care With Living Wills

Written by Charles Newland

Lawyers are helping a senior, living will Living wills, advanced directives and health care powers of attorney are all estate-planning documents that allow people to control their end-of-life treatment and who will be able to make medical decisions for them. When people near death, they may be unable to tell their medical team what kinds of care that they would like to receive. End-of-life care is a highly personal decision, and if a person Read More

Copies of Estate Planning Documents May Not Be Enough

Written by Charles Newland

A pen with faded paper, probateIn recent years, advances in technology has enabled Americans to maintain digital files and copies of documents almost effortlessly. While the temptation to do away with paper copies of important documents in an effort to clear away clutter and become better organized is strong, when it comes to estate planning documents, copies may not be legally sufficient. Although backing up estate planning documents such as wills, trusts and powers of attorney with digital copies is always a good idea, a probate lawyer cannot stress enough how critical it is to keep original documents safely stored and accessible.

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We represent clients in Arlington Heights, Chicago, the Northwest Suburbs, and Lake County. Contact our office at (847)797-9300 to schedule a free consultation.

Cook County OFFICE

3601 W Algonquin RD, STE 990
Rolling Meadows, Illinois 60089

LAKE COUNTY OFFICE

728 Florsheim Dr
Libertyville, Illinois 60048

CONTACT US

Phone: (847) 797-9300
Fax: (847) 797-9301