Your Business is My Business

Many lawyers at “big law” have no clue about actually running a business on a day to day level. They are “professionals” and certain dirty work is beneath them. They can send 5 or 6 lawyers to cover a hearing, and edit a brief to perfection, but they sometimes don’t

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Rejection of Collective Bargaining Agreements

11 U.S.C. §§ 1113(b) and (c) of the Bankruptcy Code set forth the requirements for the rejection of a collective bargaining agreement.  11 U.S.C. §§ 1113(b) and (c) state as follows: (b)(1)  Subsequent to filing a petition and prior to filing an application seeking rejection of a collective bargaining agreement,

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Back Child Support, Bankruptcy

How to Deal with Child Support Arrearages

No matter which type of bankruptcy you choose, there are certain types of debts that will not discharge.  Back owed child support is one of these types of debt.  If you fall behind on court ordered child support payments, your ex-spouse can have the support enforcement agencies collect money from

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How Long Will My Bankruptcy Last?

The length of your bankruptcy case depends on which chapter you file.  While a Chapter 7  Within 30-4 5 days after filing bankruptcy, a meeting of creditors is held with the trustee appointed to the case.  In a Chapter 7 case, approximately 60 days after this meeting, the debtor receives

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My Home is in Foreclosure-What Are My Options?

With the current state of the economy, many Americans are dealing with home foreclosure.  If you are facing home foreclosure, you will want to contact your lender immediately to see if you are eligible for any home loan modification programs.  You will also want to verify that your lender has

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Honoring all Who Served

DelCotto Law Group PLLC would like to honor and thank the millions of men and women who have fought and continue to fight for our country. We are truly blessed to live in such a great nation with wonderful heroes standing guard over us.  We are thankful this day and

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Sovereign Immunity is No Defense to a § 544(b)(1) Claim

In United States v. Equipment Acquisition Resources, Inc. (In re Equipment Acquisition Resources, Inc.), 485 B.R. 586 (N.D. Ill. 2013), the District Court for the Northern District of Illinois affirmed a bankruptcy court’s ruling that 11 U.S.C. § 106(a)(1) eliminates the IRS’s ability to assert sovereign immunity as a defense to

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Using Bankruptcy to Remove a Judgement Lien

Continuing the discussion in my previous blog titled “Stopping a Creditor Lawsuit”; a judgment lien is one of the remedies that a creditor may have against you if you let the creditor receive a default judgment against you.  Let me give you a typical example of this using my client,

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Stopping a Creditor Lawsuit

Many people ignore their financial situation until it becomes dire.  Once a lawsuit is filed by a creditor for nonpayment, many people think there is nothing that can be done to help their situation.  They wait around until the creditor receives a default judgment against them and they are on

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