Tag Archives: Bankruptcy In Illinois
Bouncing Back From An Illinois Bankruptcy
Every year, thousands of your neighbors obtain short and long-term debt relief through bankruptcy. Because of the automatic stay, most lenders cannot take any adverse action against most debtors while their cases are active. Furthermore, because of debt discharge, debtors no longer have any legal obligation to repay most or all of their unsecured… Read More »
The Different Kinds Of Bankruptcy In Illinois
All the types of bankruptcy have the same goal that Supreme Court Justice James Clark McReynolds first articulated in 1915: “to relieve the honest debtor from the weight of oppressive indebtedness, and permit him to start afresh free from the obligations and responsibilities consequent upon business misfortunes.” So, to be eligible for debt relief… Read More »