There are many things that your Chicago Bankruptcy Attorney needs to take into account when you begin working of filing Bankruptcy. A big part of your attorney’s analysis will deal with transfers of property that you have made during the last 4 years in particular. These transfers can have a dramatic effect on your Bankruptcy filing and you should make sure that you discuss them with your Chicago Bankruptcy Attorney so you know what to expect once the case is filed. Continue Reading »
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What Your Chicago Bankruptcy Attorney needs to Tell You about Property Transfers before You File Bankruptcy.
Stop Creditor Harassment with the Assistance of a Chicago Bankruptcy Attorney.
A Chicago Bankruptcy Attorney can help you stop your creditors dead in their tracks. The Automatic Stay in a Bankruptcy case prevents all methods of collection on debts listed in your Bankruptcy. Of course, there are still some issues to discuss regarding this with your Chicago Bankruptcy Attorney when you begin the process of filing a Bankruptcy. Continue Reading »
How can a Chicago Bankruptcy Attorney help me save my Stuff from my Creditors?
As a Chicago Bankruptcy Attorney, a regular concern I see when someone begins to consider bankruptcy is how they will be able to protect their stuff from creditors after they file bankruptcy. This is a natural concern to have, and can sometimes make or break a case when determining if you can file chapter 7 Bankruptcy. A skilled Chicago Bankruptcy Attorney will be able to help you figure out how best to protect your things. Continue Reading »
Eliminating Your Second Mortgage with a Chicago Chapter 13 Bankruptcy.
It may seem far-fetched, but the Bankruptcy Court located in Chicago has just issued an opinion that allowed the debtors to eliminate their second mortgage in a Chicago Chapter 13 Bankruptcy. Even more surprising was the fact that the bank in this instance decided not to support its position against eliminating the lien inside of the Chicago Chapter 13 Bankruptcy. The result is that you get a home that is more affordable, and you never have to pay the second mortgage again. Continue Reading »
My Only Income is Social Security, and My Debts are too much to Handle. Do I Need to File a Chicago Chapter 7 Bankruptcy?
Determining the necessity of a Chicago Chapter 7 Bankruptcy requires taking into account many different factors at once. The question in the title comes up every so often from prospective clients. As with most Bankruptcy situations, depending on some of the circumstances, it may be unnecessary to file a Chicago Chapter 7 Bankruptcy if your sole source of income is Social Security. Continue Reading »