Filing for bankruptcy in Chicago does not mean that you lose your home. You can often maintain your home by making current payments under either chapter 7 bankruptcy or chapter 13 bankruptcy. If you do wish to surrender your home and you have filed chapter 7 bankruptcy, you still have time in your home. Under […]
Category Archives: Bankruptcy Filing
There are times when filing chapter 7 bankruptcy would be a mistake. The most common type of mistake made in filing a chapter 7 bankruptcy is the fact that assets are going to be taken by the chapter 7 trustee. In the state of Illinois, you are allowed to protect a certain amount of property […]
Filing Chapter 7 bankruptcy can eliminate most unsecured debt. Unsecured debt is debt that is not secured by any kind of property. This means that if you don’t make a payment, there is no property that can be taken back by the creditor. Unsecured debt is typically credit card debt, medical bills, utility bills, and […]
Filing bankruptcy in Chicago is not too difficult provided that you have proper representation and a good foundation going forward. You are going to want to find an experienced bankruptcy attorney to assist you in the filing of your chapter 7 bankruptcy case. Do not choose a bankruptcy attorney simply based on the lowest price. […]
CREDIT One of the biggest concerns that I hear from clients who are interested in filing for bankruptcy is whether or not they’re going to be able to get credit again in the near future. It’s amazing that someone who is struggling financially will worry about future credit before they have even gotten out of […]
The answer depends on what is the situation in your life right now. You may be struggling with credit cards, medical bills, personal loans or any other type of debt. Sometimes you have creditors calling you on the phone, harassing you at work or just sending you letters making your life miserable. At other times, […]
This is the case of Jeffrey and Debra Miller who live in Gilberts, Illinois which is in Kane County Illinois. They were here for a consultation on either Chapter 7 or Chapter 13 bankruptcy. As we run through the facts here, they have not filed a bankruptcy before. They do own a home with a […]
This is the case of Brian and Lori Shearing who reside in Plainfield, Illinois, Will County, Illinois. They were in my office today to discuss the possibility of a Chapter 7 fresh start. Let’s go through the particulars of their case. They had a prior Chapter 13 back almost 20 years ago. So they are […]
This is the case of Duane Comersky who comes to me for a bankruptcy consultation. Duane is currently residing on Laura Lai Street in Zion, Illinois, Lake County Illinois. Duane has never filed for bankruptcy before; this is his first consultation with an attorney. He does not own any real estate. He is currently living […]
Americans are used to handling debt. Most people carry debt of some sort in their daily lives. Even ones that are handling or managing the debt still feel the stress that comes with that debt. Despite this fact, most people carry on and seem to get by. That is, of course, until a creditor begins […]