When you have to file a Bankruptcy,the first question is which one is right for you. The following table lists some of the major differences. But remember, it is best to consult with an experienced law firm that concentrates in Consumer Bankruptcy. Hopefully, you will think of calling Robert J. Adams & Associates. SIMPLE DESCRIPTIONS […]
Chapter 7 Or Chapter 13: Which One Is Best For You? Read Post »
Bankruptcy Chapter 13 Chapter 7 Video
If you or anyone you know is contemplating bankruptcy, December 31st is an important date. If your bankruptcy case is filed before the year ends, you can keep your income tax refund. Once the year is over, however, the IRS or the student loan collector are allowed to take the refund to apply it to
Tax Reminder As 2015 Comes To An End Read Post »
IRS Tax Day Taxes Video
Is your home in foreclosure, or have you missed three or more payments? We are here to help. Can You Stop Foreclosure? Some options are temporary. When you defend the foreclosure in state court, you will stop the foreclosure for some time. Generally, it only delays the foreclosure and is not a permanent solution. Other
Save Your Home From Foreclosure in Illinois Read Post »
Foreclosure Home Homeowner Video
When a Mortgage Company files a Foreclosure, it essentially has one objective: To sell your house at a sheriff’s sale to themselves or a 3rd party bidder. The result is the same: YOU LOSE YOUR HOUSE! What to Do? Chapter 13. There is the tradition Chapter 13 to save your home, and now a second way
Foreclosure, Chapter 13, Mortgage Modification an Effective Foreclosure Read Post »
Chapter 13 Foreclosure Mortgage Video
The common question is “Will I lose my car?” It is certainly a reasonable concern.This guide goes over the three (3) legal options plus two (2) alternatives. Reaffirm the Debt Essentially, you agree that the debt goes on after the bankruptcy with the same contract terms. The finance company retains its lien, and you will
Automobile Loans and Chapter 7 Read Post »
Automobile Car Chapter 7 Loans Video
When you went to your car you found the city has installed a boot on the front wheel. What is going on? And, what can you do? WHEN DOES THE CITY BOOT A CAR The city of Chicago aggressively seeks to “boot” cars. In fact, they have specially equipped vehicles that can read license plates
What to do When Your Car is Booted Read Post »
Automobile Car Video
The Illinois Secretary of State can and does suspend individual driver’s licenses for various reasons. For many it is impractical to deal with the problem directly. A frequent method of regaining one’s driving privileges is filing a Chapter 7 or a Chapter 13. MY DRIVER’S LICENSE HAS BEEN SUSPENDED. I WANT AND NEED MY DRIVER’S
Driver License Suspensions In Illinois And Possible Solutions Read Post »
Automobile Bankruptcy Car Chapter 13 Chapter 7 VideoIf you are wondering how automobile loans are handled when you file a Chapter 13 bankruptcy, here are the main points to consider including what to do if the car has been repossessed. HOW TO PAY FOR A CAR IN CHAPTER 13 Generally folks considering filing Chapter 13 are concerned about how their auto loans
Auto Loans in Chapter 13 Read Post »
Automobile Car Loans VideoWHEN HOMEOWNERS ARE CONSIDERING FILING A CHAPTER 7 OR A CHAPTER 13 THEY ARE NATURALLY CONCERNED ABOUT THE FATE OF THEIR HOME. WILL I LOSE MY HOME? Illinois is one of many states that have their own exemptions for homeowners rather than using the federal bankruptcy exemptions. The homestead exemption in Illinois is $15,000 for an individual
Homestead Exemptions In Illinois Read Post »
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