Tag Archives: Bankruptcy
You Won’t Lose Everything
When your debts are mounting and you simply see no way to pay them, you’ll probably consider bankruptcy. You’ll also probably worry about what you’re allowed to keep when you declare bankruptcy. Whether you file for Chapter 7 or Chapter 13 bankruptcy, the list of exemptions is the same; instead, the difference is what… Read More »
Reverse Mortgages and Older Homeowners
For many of us, the older we get, the fewer options we have, especially when it comes to finances. That’s just reality. However, you may have more options than you’re aware of. Many older people justifiably feel that their financial options are limited. You may not be able to borrow, for example. But you… Read More »
Bankruptcy and American Tradition
Today’s bankruptcy laws are designed to cover relatively simple financial situations as well as the most complicated scenarios. Bankruptcy is now used not only to get out of debt but also for a variety of other financial reasons. Those other reasons include but are not limited to: – getting out of contracts and leases… Read More »
Bankruptcy Misconceptions
The word “bankruptcy” is tossed around quite casually. Not surprisingly, a great many myths and misconceptions are passed around regarding bankruptcy laws, so one of the many jobs of a good bankruptcy lawyer is debunking the myths, clearing up the misconceptions, and explaining the law in a simple, straightforward manner. When you are well-informed… Read More »
Restoring Credit After Bankruptcy
If you’re considering bankruptcy, your credit score has probably dropped while your debts have mounted. In the Chicago area, before filing for bankruptcy, consult first with an experienced Chicago bankruptcy lawyer who may be able to recommend other options. Every time you miss a mortgage payment, auto loan payment, or credit card payment, your… Read More »
Protecting Your Home And Family
If you’re Bill Gates or Warren Buffett, this may not apply to you. The rest of us, however, could find ourselves in serious debt at almost any time for a variety of reasons ranging from a job loss to a serious illness to a natural disaster. When out-of-control debt threatens the roof over your… Read More »
The Automatic Stay
Bankruptcy, as you may know, is the legal process that allows individuals, couples, or businesses to liquidate many of their debts and get a fresh financial start. There are several ways to declare bankruptcy; in the Chicago area, you should seek legal advice and help regarding bankruptcy from an experienced Chicago bankruptcy lawyer. All… Read More »
Should I File For Bankruptcy?
When debts get out of control and bills begin piling up, at some point most people would consider bankruptcy. However, you may not need to file for bankruptcy. It’s right for some people sometimes, but it may not be right for you. On the other hand, your particular situation may make you a perfect… Read More »
Get The Help You Really Need
You can file for bankruptcy without the help of a bankruptcy lawyer, but it’s never a good idea. You can end up losing substantial cash – when you’re already in financial trouble – and have your bankruptcy petition denied if you make any mistake or fail to meet any of the requirements for bankruptcy…. Read More »
School Days
Most people understand that bankruptcy helps those in financial trouble to discharge unmanageable debt. However, you may be surprised to learn that one of the requirements for bankruptcy is going to school; if you need to file, you might want to stock up on pens and notebooks first. You have to complete credit counseling… Read More »