This is the case of Joseph Loomis who comes to me from Aurora, Illinois for consultation regarding debt relief. Mr. Loomis has never filed for bankruptcy before. He is not a homeowner and he is not renting, either. He is living with his parents. He has a 2012 Ford Transit which is financed by Ford […]
A Chapter 7 Bankruptcy is advantageous to a consumer because it offers a “fresh start”. Throughout a consumer’s lifetime, bills are accrued by means of credit cards, medical visits, automobile purchases, etc. Through a Chapter 7 Bankruptcy, a debtor can ultimately be discharged from these obligations, which is known as the “fresh start”. Furthermore, there […]