This is a general outline provided by ROBERT J. ADAMS & ASSOCIATES. Offices in Chicago and Waukegan, Illinois The primary practice of ROBERT J. ADAMS & ASSOCIATES is Chapter 7 and Chapter 13 Bankruptcy. There are reasons why you filed Chapter 13 instead of Chapter 7. Generally, it was to save something like a car […]
Can I Convert My Chapter 13 to Chapter 7? Read Post »
Chapter 13 Chapter 7 VideoFORECLOSURE DEFICIENCIES This is a general outline provided by ROBERT J. ADAMS & ASSOCIATES. Offices in Chicago and Waukegan, Illinois The primary practice of ROBERT J. ADAMS & ASSOICATES is Chapter 7 and Chapter 13 Bankruptcy. When you buy a home financed with a mortgage you give the mortgagee two (2) things: WHAT HAPPENS WHEN
Money Judgments when A Home Is Foreclosed (Illinois) Read Post »
Foreclosure Real Estate VideoIn Illinois, property owners including homeowners pay Property taxes (Real Estate taxes) to the county. WHAT IF I DON’T PAY THE TAXES? The county has a lien on your home. When you fall behind more than one (1) year the county “sells” your taxes. The tax buyer pays the county the taxes due. Then tax
Real Estate Tax Redemption Read Post »
Real Estate Tax VideoThe Law Firm of Robert J. Adams & Associates remains open. Even with the COVID-19 pandemic we are helping people file Bankruptcy. Also, the Bankruptcy Courts remain open. The Bankruptcy Court and our law firm has adapted to the new reality of the COVID-19 pandemic: CAN I STILL FILE BANKRUPTCY? YES. With this pandemic your
Filing Bankruptcy During the Coronavirus Crisis Read Post »
Bankruptcy COVID-19 Video
The pandemic has been a serious blow to all our lives. Good folks are seeing their work hours reduced, their wages lowered, or facing unemployment. This causes financial stress and even emotional distress. Many family businesses have closed their doors for good. When you struggle with bills and start missing payment — your creditors don’t
Does Bankruptcy Stop Creditor Calls? Read Post »
Bankruptcy COVID-19 Credit ScoreIn 2020 almost 20,000 people filed personal bankruptcy in the Chicagoland area. Economists expects more and more people will need bankruptcy relief. There are 2 bankruptcy chapters for individuals: 1) reorganizing debts under Chapter 13, or 2) a full discharge of debts under Chapter 7. We’ll cover the differences soon. There’s also Chapter 11: mainly
What to Expect After Bankruptcy Read Post »
Bankruptcy Credit Score Video
IRS debts can often be discharged in a Chapter 7. IRS debts in a Chapter 13 can often be paid a dividend of less than 100% The following set out the rules to discharge an IRS debt in Bankruptcy When I explain the above-mentioned rules to clients they frequently look at me glassy-eyed. I don’t
Can I Discharge Taxes in Bankruptcy? Read Post »
Bankruptcy TaxesBankruptcy is scary. People think they might lose their car or home. There is a fear of a stigma. Some worry that an employer will hold against them. You need not be afraid of Bankruptcy when you need it. Bankruptcy is like a bulldog protecting your wallet. The law goes a fresh start and protects
Which Chapter of Bankruptcy Should I File? Read Post »
Bankruptcy VideoHave you decided to file for bankruptcy? Or, do you want to look into exploring your options? An experienced bankruptcy lawyer can help you understand how bankruptcy works. You will have to make many choices if you file for bankruptcy. Your first choice should be to hire a lawyer who can help you. Robert J.
Preparing for Bankruptcy Read Post »
Bankruptcy VideoYou are considering Bankruptcy. What will happen to my car? CHAPTER 7. I OWE MONEY ON MY CAR. WHAT DO YOU WANT TO DO? There are four (4) options: CHAPTER 13. HOW DO I HANDLE A CAR LOAN WHEN I FILE CHAPTER 13? Here are some of the options YOU OWN A CAR FREE AND
Automobiles and Bankruptcy Read Post »
Automobile Bankruptcy Car Video