FactorLaw Attorneys

FactorLaw Attorneys Effective Legal Solutions for Difficult Financial Issues

Chicago business owners, before you sign or renew a merchant cash advance, it’s worth taking a closer look at the fine p...
09/03/2026

Chicago business owners, before you sign or renew a merchant cash advance, it’s worth taking a closer look at the fine print.

We talk with business owners every week who didn’t realize how repayment frequency, the total payback amount, default provisions, and personal guarantees could impact their cash flow until it was too late.

If you're considering an MCA, make sure you understand how the daily or weekly withdrawals will affect your operations and whether the agreement leaves you room to breathe when revenue dips.

Our team at Factor Law is here to help you review the terms so you’re making decisions with clarity. If you’re feeling the pressure from an existing MCA, reach out to us before things become unmanageable.

What questions do you have about MCA agreements? We're here to help.

Choosing the right legal structure sets the foundation for how your business grows, operates, and protects itself. It af...
08/31/2026

Choosing the right legal structure sets the foundation for how your business grows, operates, and protects itself. It affects everything from liability to taxes, ownership, and long-term flexibility.

Our team at Factor Law works with Chicago business owners every day to navigate these decisions with clarity and confidence.

Swipe through to explore the most common business structures and what they mean for your next steps.

Thinking about launching a new business or reevaluating your current entity? We're here to help you understand your options and choose the structure that supports your goals. Give us a call to get started.

If rental income makes up a big part of your finances, bankruptcy can bring up some understandable questions. What happe...
08/26/2026

If rental income makes up a big part of your finances, bankruptcy can bring up some understandable questions. What happens to that income during the process, and can you keep the property that generates it?

The answer depends on the type of bankruptcy you file, the equity you have, and other details that can be easy to miss. We put together a quick breakdown to help you get a clearer sense of what to expect.

If you're relying on rental income and exploring bankruptcy options, you're not navigating this alone. Our team at FactorLaw helps clients across Chicago understand their choices and build a plan that fits their situation. Reach out anytime if you want to talk through your next steps.

Getting a failing result on the Chapter 7 means test isn’t the end of the road. For many people, it’s the starting point...
08/18/2026

Getting a failing result on the Chapter 7 means test isn’t the end of the road. For many people, it’s the starting point for understanding what other bankruptcy or debt relief options may fit their situation.

Our team at FactorLaw helps clients and referral partners navigate these decisions every day. If you’re unsure what comes next, we’re here to walk you through your options.

Have questions about which direction makes sense for you? Reach out anytime.

A bankruptcy discharge can be a powerful step toward financial stability, but knowing what it actually does—and how to g...
08/14/2026

A bankruptcy discharge can be a powerful step toward financial stability, but knowing what it actually does—and how to get there—matters. Our team at FactorLaw helps clients understand the process so they can make informed decisions with confidence.

If you're navigating debt issues or wondering whether a discharge might apply to your situation, we’re here to help. Reach out to our Chicago team to talk through your options and get clarity on your next steps.

A bankruptcy discharge can be a powerful tool for anyone facing financial stress, but understanding what it does—and doe...
08/11/2026

A bankruptcy discharge can be a powerful tool for anyone facing financial stress, but understanding what it does—and does not—wipe out is key to making informed decisions.

Our team at FactorLaw helps clients and referral partners across Chicago navigate these details with clarity and confidence.

If you're wondering how a discharge might affect your specific situation, we're here to walk you through it. Reach out anytime to start the conversation.

Filing for bankruptcy is a big financial and emotional step, and it’s completely normal for people to have questions abo...
08/04/2026

Filing for bankruptcy is a big financial and emotional step, and it’s completely normal for people to have questions about how it will shape their future.

One of the topics we talk about most often at Factor Law is how bankruptcy impacts credit. To help make the process a little clearer, we’re sharing a few of the questions we hear most — along with straightforward answers you can actually use. Swipe to learn more.

There *is* a path forward after bankruptcy. Rebuilding credit takes patience, consistency, and the right strategy, but it’s absolutely possible.

If you’re unsure how bankruptcy may affect your credit or want guidance tailored to your situation, our team is here to help. Reach out anytime.

Merchant cash advances can feel like a quick fix for growing Chicago businesses — but those daily or weekly withdrawals ...
07/31/2026

Merchant cash advances can feel like a quick fix for growing Chicago businesses — but those daily or weekly withdrawals can add up fast. When cash is constantly flowing out, it can put real pressure on your ability to keep up with everyday expenses.

At Factor Law, we talk with many small business owners and referral partners who didn’t realize how challenging MCA repayment structures could become until they were already feeling the strain. You’re not alone if the pace of these payments has started to impact your cash flow.

If MCA obligations are becoming overwhelming, our team is here to help you understand your options and find a path forward. Reach out anytime to connect with us and learn more about how we can support you.

Not all debts are treated the same in bankruptcy, and understanding those differences can shape your next steps. Some ob...
07/28/2026

Not all debts are treated the same in bankruptcy, and understanding those differences can shape your next steps. Some obligations may be dischargeable, while others remain due to legal priority and public policy.

At FactorLaw, our team helps clients and referral partners navigate these nuances with clarity so you can make informed decisions about the path forward.

If you're exploring bankruptcy options or advising someone who is, reach out to our team to discuss the details and learn what relief may be available.

Summer is in full swing here in Chicago, and our team at Factor Law just wanted to check in.Whether you're taking a brea...
07/23/2026

Summer is in full swing here in Chicago, and our team at Factor Law just wanted to check in.

Whether you're taking a break by the lake, spending time with family, or simply enjoying some warm weather, we hope you're finding a moment to recharge.

If questions come up around business law, bankruptcy, or any debt-related legal concerns as we move through the season, our team is here to help. Reach out anytime—we’re always available to support you.

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105 W Madison, Suite 1500
Chicago, IL
60602

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(312) 878-6976

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