Bankruptcy Can Eliminate IRS Debt In Certain Cases

Case Overview This is the case of Gary Kaplan from St. Charles, Illinois.  Mr. Kaplan filed a Chapter 7 bankruptcy back in 2001 so he is eligible to file another Chapter 7 should the facts dictate that he file.  He has a townhouse that has a market value of $188,000 and he owes approximately $46,000 on a first mortgage and $181,000 on a second mortgage; so he is significantly underwater on the house.  He has a 2009 Chevy Impala which is paid for.  It’s got 100,000 miles on it and it’s in very poor condition.  He also has a 2011 Honda CRV, although he claims that it’s in his wife’s name only. Personal Property In terms of personal property, he has got a checking and savings account at + Click Here For Read More

Choosing The Right Bankruptcy Attorney In Illinois

When you are struggling with your bills and in need of a bankruptcy attorney, where do you turn first?  For most people, they will search the internet to gather information.  There is a wealth of information available regarding the different Chapters under the bankruptcy code as well as a plethora of attorneys ready, willing and able to take your case.  The problem lies in just which attorney is suited for you and your particular case.  Is your case extremely complicated that would require a seasoned, well-experienced attorney?  Is your case a typical, simple Chapter 7 that should go off without a hitch?  How do you make a decision on which attorney to hire? My advice to anyone seeking an + Click Here For Read More

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