Lakelaw Bankruptcy Blog

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 economic pressures — rising inflation,...
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 can make $120,000 and still be qualified...
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. Bankruptcy Court Case Win #1: Green v. Leibowitz...
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 of bankruptcy lawyers have always focused...

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