Do your debts include IRS back taxes? If you do nothing, the interest and penalties will continue to pile up. The IRS may even file liens against your assets or prosecute you for tax evasion. Contrary to what most people think, some federal income tax arrears can be discharged in a Chapter 7 or Chapter […]
Most U.S. households cannot absorb an unexpected expense of $500, let alone the double whammy of huge medical bills and loss of income. If you are buried in debt because of ongoing health problems or a recent medical crisis in the family, filing for bankruptcy could be the best solution. Our experienced bankruptcy lawyers have
Auto finance companies can repossess a car for any default if you’re one day late. We have seen cars repossessed with only one month in default. Repossession after only one month is rare but they have the legal right to do so. WHAT IS THE REPOSSESSION PROCESS IN ILLINOIS? Once an auto loan is in
Will They Repossess My Car If I Am One Payment Behind? Read Post »
Automobile Repossession VideoRelying on “plastic” can become a problem when credit card balances grow too big or your income shrinks. Perhaps you lost your job or had your hours cut. Maybe you were propping up a small business. Maybe you had a medical crisis or other unexpected bills. Or perhaps you were simply living beyond your means.
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Credit Card VideoA car title loan is supposed to be a short-term loan. But the steep interest rates make it almost impossible to pay off. The debt soon doubles or triples. Then the repo man comes to take your vehicle. We Can Help – Complimentary Bankruptcy Consultation If you are in this situation, call the law firm
When property owners, including homeowners, do not pay real estate taxes, the county can “sell” the taxes to a “tax buyer.” Here’s How It Works: If the taxes are delinquent for more than one (1) year, then the county will sell the taxes. A tax buyer pays the county the amount of the delinquent taxes.
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Real Estate TaxIt is not infrequent that I have received a telephone call: “The sheriff’s sale was last week. Can you help me save my home?” I reply, “Why did you wait?” The typical answer is: “I was working with the mortgage company on a loan modification. They said it looked good, so I didn’t do anything.”
Can Someone Get A Loan Modification During A Pending Foreclosure? Read Post »
Foreclosure Loans VideoWhen you go to a 341 meeting, what you must have is your Social Security card, or other proof of Social Security number, and a state issued ID card or driver’s license. Those are the 2 things that are required on the notice sent out by the court. Some Chapter 7 trustees also request copies
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Documents VideoFiling a Chapter 13 is a voluntary decision. There are various reasons you might want to convert if it is not working, or you have a car that you are trying to save, which is a piece of junk now, or the housing situation is just not working out. You have a real estate tab,
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Chapter 13 Chapter 7 VideoWhat Are Second Mortgages, Judgment Liens And Tax Liens In Foreclosure? When foreclosure cases are filed it is common to see defendants other than the property owner. Mortgage companies get title searches before filing a foreclosure. The title search will show entities that have liens on the property. Common additional defendants include junior mortgagees; Judgment
What Are Second Mortgages, Judgment Liens And Tax Liens Read Post »
Liens Mortgage