Unsecured personal and signature loans are easily eliminated in Chapter 7. Secured loans are different. A Chicago bankruptcy attorney explains the distinction.
Category Archives: Chapter 7 Bankruptcy
Generally no, but not never. An adversary complaint alleging undue hardship has reduced or eliminated student debt. A Chicago attorney explains when it applies.
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.
About 110 days from filing to discharge. A Chicago bankruptcy attorney walks through the timeline step by step, including the Zoom meeting of creditors.
Medical bills are the easiest debt of all to discharge. A Chicago bankruptcy attorney explains how they are handled in Chapter 7 and Chapter 13.
Yes. Credit card debt is the most common debt discharged in Chapter 7 and one of the easiest. A Chicago bankruptcy attorney on how it works and what it costs.
Most of what people owe can be wiped out: credit cards, medical bills, personal loans, utilities, repossession and foreclosure deficiencies. A Chicago attorney on what survives.
Chapter 7 eliminates debt fast. Chapter 13 repays it over three to five years to save a home or car. A Chicago bankruptcy attorney explains which fits which situation.
Most gainfully employed people with no money left at month end qualify for Chapter 7. How the Illinois median income test works, from a Chicago bankruptcy attorney.
In most cases, no. How the Illinois homestead exemption — now $50,000 per owner as of 2026 — decides whether Chapter 7 or Chapter 13 protects your home.