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.

Courthouse where citation to discover assets takes place

Been Served a Citation to Discover Assets in Illinois? Here’s What You Need to Know

Facing a judgment can be overwhelming, and a Citation to Discover Assets can add to the stress. Citations can disrupt household finances, potentially causing missed mortgage or rent payments if your bank account is unexpectedly frozen. If you’re navigating this process in Chicago, Cook County, or anywhere in Illinois, it’s essential to understand how it

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Person stressing out in front of a computer, symbolizing a common bankruptcy mistake.

10 Bankruptcy Blunders to Avoid: Navigate the Journey with Confidence

Facing financial struggles is stressful, and considering bankruptcy is a weighty decision. While it can offer a fresh start, making missteps can complicate the process and leave you worse off. Here are 10 common bankruptcy mistakes to avoid: Asset Awareness: Not knowing what you own can be costly, especially in Chapter 7. Assets encompass everything

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someone happy after getting rid of their home in strategic default

Strategic Default: Essential Insights and Considerations

The History of Strategic Default In this article, we will explore the concept of strategic default, a legal maneuver that gained prominence during the housing crisis of the 2010s. During that period, many homes were worth significantly less than the outstanding mortgage balances, often burdened by second or even third mortgages. As the subprime housing

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