Are All Debts Automatically Dischargeable In Bankruptcy?

The attorneys and staff of The Gunderson Law Firm specialize in helping individuals and businesses in the Illinois file bankruptcy in the most appropriate ways to discharge their debts, and get a fresh start at a new financial life. With this in mind, one of the most important things to understand as you consider bankruptcy as an option for financial relief – and one of the questions we get asked most often – is whether or //READ MORE

2018-12-02T14:22:47+00:00 December 11th, 2018|Community|

Does Illinois Have a Statute of Limitations on Debt Collection?

While consumers across the country are protected from certain aspects of third-party debt collection due to the policies of FDCPA, or the Fair Debt Collection Practices Act, the reality is that laws governing collection and litigation over debt do tend to vary from state to state. For instance? Every state in the nation has unique rules about the statute of limitations on debt. Illinois is no different. //READ MORE

2018-12-02T14:16:11+00:00 December 6th, 2018|Community|

How Is Your Real Estate Transaction Setting Up Your Long-Term Financial Future?

Did you know? Between 2010 and 2017, homeowner equity in the United States  increased from $6.16 trillion to roughly #14.44 trillion, according to a report from Statista. In 2018, according to a report from CoreLogic and CNBC, homeowners saw their equity increase 12 percent – that translates to an average of $15,000 per homeowner, and a total gain of more than $900 billion. In short? Homeownership can really pay – if you’re willing to invest time, //READ MORE

2018-11-28T10:52:46+00:00 December 4th, 2018|Community|

What Is a Plat of Survey?

Where do you live? OK, wait, sorry, that was way too forward, let’s go back and try again. Let’s try this: How would you describe where you live? After getting a question like this, most people would respond in a pretty similar way. They might describe their neighborhood – “oh, I live next door to a Jewel and two blocks up from the L.” They might talk about the features of their home – “red door, //READ MORE

2018-11-28T10:53:05+00:00 November 29th, 2018|Community|

Understanding Secured Vs. Unsecured Debts

If you’re facing a rising tide of debt, and trying to determine the best strategy to help get yourself back on solid financial footing, one of the most important steps you can take is to determine what type of debts you have. In most cases, debts tend to fall into one of two categories: secured and unsecured. While it may sound simple, determining if your problem debts are secured or unsecured is truly a crucial step //READ MORE

2018-11-28T10:51:14+00:00 November 22nd, 2018|Community|