What is the Residential Landlord and Tenant Ordinance, or RLTO?

In Chicago, there are apartments for every taste and budget, from sleek penthouses overlooking the city skyline to quaint walk-ups with charming built-ins and all the historical trimmings. And in most cases, all of these rental units are going to be governed by the same set of rules, the Residential Landlord and Tenant Ordinance, or RLTO. RLTO is a broad ordinance, and the primary source for tenants’ rights law in the City of Chicago. This exhaustive //READ MORE

2019-05-31T16:54:19+00:00 June 11th, 2019|Community|

What Is a Lien?

Liens are an important concept to understand when it comes to real estate and bankruptcy law. Unfortunately, they’re also a piece of the puzzle that many of us tend to overlook – until it’s too late. In a difficult moment, getting a handle on how liens work and what they are could make all the difference between protecting your interests, and having to give up the assets that mean the most to you. Let’s dive into //READ MORE

2019-05-20T16:10:32+00:00 May 28th, 2019|Community|

What Are Transfer Taxes in Real Estate?

When it comes to real estate, most buyers and sellers know that closing costs are part and parcel of every transaction. But breaking down those closing costs, and understanding what, precisely, they entail? That’s a different matter entirely. For many buyers and sellers, one of the most important concepts to understand when it comes to real estate are transfer taxes. Transfer taxes play an enormous role in essentially every single real estate transaction in our home //READ MORE

2019-05-06T16:31:10+00:00 May 16th, 2019|Community|

How Long Does a Bankruptcy Remain on Your Credit Report?

A lot can happen in ten years. A lot. For instance? Well, this article is being written in 2019. Here’s just a quick snapshot of some of the notable events that happened 10 years ago, in the far off days of 2009: Barack Obama was inaugurated as President of the United States “Sully” Sullenburger successfully landed a plane after engine failure, in the “Miracle On the Hudson” The Chicago Cubs filed for Chapter 11 bankruptcy protection //READ MORE

2019-04-26T11:48:12+00:00 May 9th, 2019|Community|

What Goes Into the Bankruptcy Means Test?

For many people struggling with debt, Chapter 7 bankruptcy can be a valuable and viable option for lasting relief. But it’s important to keep in mind that, before you pursue Chapter 7, you must take a test to determine if you’re eligible for this style of “liquidation” bankruptcy. This test, known as the bankruptcy means test, is one of the earliest and most essential steps in the Chapter 7 process. If you’re considering filing for Chapter //READ MORE

2019-04-26T11:40:14+00:00 May 7th, 2019|Community|