Is Chapter 7 Bankruptcy the Right Solution?
Timothy M. Hughes • January 5, 2022
Have you fallen behind on your payments and creditors are chasing after you? Filing Chapter 7 Bankruptcy may be the right solution for you. You could get a fresh start and move forward to rebuild your credit without worrying about creditors. If you believe a Chapter 7 is the right solution for you, or want to learn more, contact Tim Hughes at 847-705-9698 or thughes@lavellelaw.com for a free consultation.
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On August 20, 2025, the First District of the Illinois Appellate Court decided Chicago Title Land Trust Co. v. Watkin, 2025 IL App (1st) 241354 (August 20, 2025). At issue in Watkin was whether the expiration of the statute of limitations barring enforcement of a mortgage also extinguishes the mortgage lien.

On August 7, 2025, the IRS announced that, as part of its phased implementation of the July 4th One Big Beautiful Bill Act, there will be no changes to certain information returns or withholding tables for tax year 2025 related to the new law. The IRS outlined key relevant changes to tax filers effective for '25 - '28.