Yes. Bankruptcy is for the honest debtor. A Chicago attorney on what must be disclosed, including property others hold for you and inheritances you expect.
Category Archives: Bankruptcy Filing
No. You can file while completely current. Being up to date does not mean you are in good shape if every spare dollar goes to servicing debt.
There is no minimum. What matters is your situation, not a number. A Chicago bankruptcy attorney on why the same balance ruins one household and not another.
In most cases no. The only common exception is when an employer must be notified to stop an active wage garnishment. A Chicago attorney explains.
Yes, and it often makes sense. If only one spouse carries the debt, only that spouse needs to file. A Chicago attorney explains when to file jointly instead.
Five to ten minutes of yes-or-no questions from the trustee, under oath, on Zoom. Creditors may attend but rarely do. A Chicago attorney explains.
A notice goes to every creditor and collection stops. About 30 days later comes a short meeting of creditors on Zoom. A Chicago attorney walks through it.
If you can dig out on your own within six months, wait. If you cannot, filing sooner protects more. A Chicago attorney on the situations that call for speed.
Yes. The automatic stay stops a repossession the moment the case is filed, giving you a window to catch up, cure the default or insure the vehicle.
Yes, and a pending lawsuit is one of the best reasons to file. Chapter 7 can stop a collection suit or a garnishment immediately.