Bankruptcy Protection for Individuals and How to Avoid it – A Lavelle Law Breakfast Briefs Webinar
Lavelle Law • June 10, 2020
Faced with a loss of income, individuals are being harassed by creditors for payment. Bankruptcy protection can provide a fresh start and get those creditors off of your back. And in other cases, with the right attorney, you may be able to avoid bankruptcy altogether. In this webinar, attorneys with Lavelle Law discuss the basics of filing of a bankruptcy petition, the benefits and drawbacks, and other strategic uses. They also discuss strategies to avoid the filing of a bankruptcy and settle with creditors in order to salvage credit.
If you are struggling with debt and would like to discuss your options, reach out to us at info@lavellelaw.com to schedule a consultation with one of our attorneys.
More News & Resources
Lavelle Law News and Events

Summer Special! - Now through 10-1-25, Lavelle Law is offering a special discounted rate on powers of attorney for college-bound students and young adults. Don't send your child to college without POA docs in place! Contact Attorney Luthringshausen to start the process. jluthringshausen@lavellelaw.com or 847-705-7555

The One Big Beautiful Bill Act (OBBBA), enacted on July 4, 2025, as Pub. L. No. 119-21, permanently extends and modifies key provisions from the 2017 Tax Cuts and Jobs Act (TCJA) while introducing new tax benefits and limitations. The law affects individuals, seniors, children, businesses, and charitable organizations.

In the United States, the "American Rule" generally requires each party in a legal dispute to cover their own attorney's fees, regardless of the case's outcome. However, exceptions exist where a judge may order one party to pay the other's attorney’s fees in specific circumstances. Sarah Reusché explains.

In commercial leases, particularly those involving retail or office spaces, tenants typically pay not only base rent but also a share of additional operating expenses. These include Common Area Maintenance (CAM) charges, property taxes, and insurance premiums. The reconciliation of these expenses is a key process.

Beginning July 1, Illinois residents will face a series of tax increases related to the Fiscal Year 2026 budget, which takes effect from July 1, 2025, to June 30, 2026. These increases are from the $55+B state budget that is supposed to generate $700+M of new taxes ranging from gasoline, short-term rentals, and more.