Free Educational Videos
Bankruptcy Explained
With over 50 years of bankruptcy law experience, attorney David Leibowitz has helped thousands of Illinois residents understand their options and reclaim their financial lives. The videos below are free educational resources to help you understand the bankruptcy process before you even pick up the phone.
Chapter 7 Bankruptcy
Liquidation bankruptcy that discharges most unsecured debt within months. David explains who qualifies, what property you keep under Illinois exemptions, and how the process moves from filing to discharge.
Chapter 13 Bankruptcy
The repayment-plan option that lets you keep your home and catch up on arrears over three to five years. Designed for filers with regular income who want to save assets that Chapter 7 can’t protect.
Chapter 11 & Subchapter V
Restructuring for businesses and high-debt individuals. Subchapter V is a streamlined Chapter 11 for small businesses — faster, cheaper, and built specifically for SMBs. David walks through when each option applies.
Student Loans in Bankruptcy
Discharging student loans in bankruptcy is increasingly possible under recent DOJ guidance. David explains the undue-hardship standard, the new attestation process, and what borrowers need to document to qualify.
Can't Find Your Answer? Talk to an Attorney.
These videos are designed to inform, not to replace personalized legal counsel. Every bankruptcy case is unique. If you have questions about your specific situation, contact Lakelaw for a free, confidential consultation.