| Website | lakelaw.com |
| Category | Legal |
| Phone | 312.360.1501 |
| Employees | |
| Description | recognized as a national authority |
David Leibowitz, recognized as a national authority on consumer bankruptcy law, was featured in Daily Finance yesterday. While personal bankruptcy case filings have fallen, it’s nothing to cheer about. Leibowitz, the co-chair of the American Bankruptcy Institute Consumer Bankruptcy Committee said: “People file bankruptcy because of financial distress,” explains David Leibowitz, co-chair of the Consumer Bankruptcy Committee of the ABI. “They are afraid of losing their houses, getting their wages garnished or losing their personal property. If the personal property is exempt, as is often the case for people who have little in the way of assets, if they no longer own their own home as is more and more frequently the case, if the home has no equity, which is very often the case, or if they are unemployed, then people who owe money for credit cards, medical bills and the like are said to be judgment-proof. There’s no need for them to file bankruptcy.”
