Lakelaw Bankruptcy Blog
New Bill Doubles Subchapter V Limit to $7.5 Million: Could You Qualify?
The TCPA (Telephone Consumer Protection Act) awards $500-$1,500 per illegal robocall. Learn how to document violations, identify the caller, and sue under federal law.
Fight Back Against Robocallers: A Lawyer’s Guide to Suing Under the TCPA
The TCPA (Telephone Consumer Protection Act) awards $500-$1,500 per illegal robocall. Learn how to document violations, identify the caller, and sue under federal law.
Don’t Be Next: How Fraudsters Target Lawyers’ Trust Accounts & Prestige
Fraudsters are targeting lawyers with sophisticated scams designed to exploit IOLTA accounts, escrow obligations, and the mechanics of legal practice. Here’s how to recognize the schemes and protect your firm.
Don’t Take the Bait: A Practical Guide to Protecting Yourself from Modern Fraud
Scammers are more sophisticated than ever. Using AI voice cloning, fake investment platforms, and emotional manipulation to steal from people every single day. Learn how to recognize and protect yourself from today’s most common fraud schemes.
America’s Silent Consumer Debt Crisis
Entering 2025, more and more Americans are falling behind on their bills as consumer debt continues to skyrocket. US households are relying more heavily on credit cards in order to meet basic needs and combat the mounting...
Means Test: Can I File for Chapter 7 Bankruptcy with $100K Income?
Thanks to inflation, you can make over $100,000 and still file for Chapter 7 bankruptcy. Here in Illinois, a married couple without children can make up to $84,000 and still qualify for Chapter 7 bankruptcy. Even a family of 4...
Dual Victories: Lakelaw Wins 2 Important Court Cases in 1 Day
A Day of Historic Wins We knew we had a great day at the Lakelaw office when our friends and fellow attorneys were congratulating us on our back-to-back victories. So we thought we should tell our friends about it, too....
Lakelaw Celebrates 25-Year Anniversary!
This month marks the 25th anniversary of Lakelaw! From a tiny office in Steve Simonian's suite in Waukegan, Illinois, Lakelaw grew to five offices along the shore of Lake Michigan from Chicago to Milwaukee, Wisconsin. Our team...
Keep on Trucking: How to Steer Your Trucking Company Out of Bankruptcy
An essential backbone of the global economy, more and more trucking companies are going out of business. Challenges such as fuel price changes, regulations, labor shortages, and economic downturns can harm the industry's...
Maxed Out Credit Cards? 2023 Statistics & How to Clear Your Debt
I’m worried about you, especially with more and more people on the verge of maxing out their credit cards. Credit cards are extremely convenient and easy to use. With the holidays coming up - Black Friday, Small Business...
Crypto Bankruptcies: How to Protect Your Digital Assets When Exchanges Collapse
Post-Collapse: The Uncertain Lifespan of Cryptocurrency What happens to your crypto when you die? Or when your cryptocurrency goes bankrupt? Bitcoin, Etherium, Dogecoin, Litecoin, Monero, and other popular cryptocurrencies can’t...
How Bankruptcy Law Can Protect You from Home Title Theft
Tax Foreclosure: A Far Too Common Reality How many times have you heard the story about the elderly homeowner who lost their house because someone paid their delinquent taxes for a small sum of money – far less than the value of...