Steven Grace Law

Author name: Steven J. Grace

Steven J. Grace, Attorney at Law, has been helping everyday people in Chicago since 2009. If you have issues with your finances, Steven is a good person to know for honest guidance. Over the past 15 years he has helped hundreds of people get out of some pretty sticky situations, financially speaking. He prides himself on being one of the few remaining "honest lawyers". He's also a top notch financial blogger, able to leverage his years of Bankruptcy Experience to write content that is not only easy to read but also extremely relatable.

Discharging Tax Debt in Bankruptcy

Don’t Hide from the Taxman: Why Filing Your Return is Crucial, Even If You Owe

Owing the IRS doesn’t exactly inspire joy. Tax season can be stressful enough, but throw in a hefty bill, and things can feel overwhelming. The temptation to bury your head in the sand and avoid filing altogether might be strong, but resist it. I have found that not filing your taxes, even if you owe,

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locks that symbolize the asset protection of tenancy by the entirety

Tenancy by the Entirety in Bankruptcy: Protecting Your Home in Tough Times

Owning a home is a major part of the American dream, and protecting that investment is crucial, especially during difficult financial times. If you’re considering filing for Chapter 7 bankruptcy, understanding how tenancy by the entirety can help shield your home is essential. What is Tenancy by the Entirety? Tenancy by the entirety is a

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image depicting the order of filing multiple bankruptcy cases

Multiple Bankruptcy Filings: Navigating the Fine Print

Navigating the complexities of bankruptcy laws can be daunting, especially for individuals considering a second or third bankruptcy filing. If you’ve already utilized either Chapter 7 or Chapter 13 to tackle debt, understanding the eligibility and limitations for refiling becomes crucial. This post delves into the nitty-gritty of multiple bankruptcy filings and the intricacies of

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image representing how to choose the right bankruptcy attorney

Beyond Legal Expertise: The Human Touch of a Great Bankruptcy Lawyer

Years ago, I had a client facing an IRS audit. He’d hired a lawyer to accompany him, but after the meeting with the IRS, his words still echo in my mind. “She had no bedside manner, Steve,” he said, his voice heavy. “She didn’t make me feel comfortable, didn’t explain things, didn’t seem to care.”

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dartboard to give motivation to rebuild credit after bankruptcy

Bankrupt? Breathe Easy. Your Path to a Stellar Credit Score Starts Now.

Bankruptcy can feel like a financial dead end, but it’s actually a fresh start. Yes, your credit score will take a hit, but with smart strategies, you can rebuild it stronger than ever. This guide will equip you with the tools and tactics to navigate the post-bankruptcy landscape and emerge with a credit score that

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legal paperwork representing motion for relief from stay by creditor

Understanding Bankruptcy Motions for Relief from Stay

Filing for bankruptcy offers a lifeline, shielding you from creditor actions with the automatic stay. However, this shield isn’t always impenetrable. Creditors can, in certain situations, file a “motion for relief from stay,” aiming to continue to pursue your debts. This article delves into the intricacies of this maneuver, equipping you with the knowledge to

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