One of the most common concerns people have when considering Chapter 7 bankruptcy is whether they will lose their car. For many, a car is essential for commuting, running errands, and maintaining daily life. Can You Keep Your Car in Chapter 7 Bankruptcy? The short answer is: Yes, you can often keep your car. However, there […]
Will I Lose My Car if I File Chapter 7 Bankruptcy? Read Post »
Automobile Bankruptcy Car Chapter 7
Struggling with overwhelming debt can feel isolated, especially when surrounded by misinformation about bankruptcy. Whether considering Chapter 7 or Chapter 13, separating fact from fiction is crucial for making informed financial decisions. At Robert J. Adams & Associates, also known as The Bill Slayer, we’re here to empower you with the truth about bankruptcy. MYTH
Bankruptcy: Dispelling the Myths and Embracing a Fresh Start Read Post »
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Imagine checking your credit report and seeing a red flag labeled “judgment.” Your heart sinks. What does it mean? How did it get there? And more importantly, how will it affect your life? A money judgment is like a financial scarlet letter. It’s a court order declaring that you owe a specific amount to a
The Silent Credit Killer: Understanding Money Judgments and Their Impact Read Post »
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Filing for Chapter 7 or Chapter 13 bankruptcy can feel overwhelming, but you’re not alone. At Robert J. Adams & Associates, we’re here to help guide you through this challenging time and get you back on track to financial stability. Below is a helpful guide to what you’ll need when preparing for bankruptcy, designed to
Your Path to Financial Freedom: A Friendly Guide to Filing for Bankruptcy Read Post »
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When burdened with overwhelming debt and a strong desire to own a home, initiating bankruptcy can be the constructive first step. This often misunderstood step can pave the way for your homeownership dreams. You heard me correctly. File Bankruptcy. By wiping out unsecured debts, you can start fresh. But don’t waste your bankruptcy. Treat it
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Is your hard-earned money vanishing from your paycheck? Wage garnishment can be a stressful and overwhelming experience. But there’s hope. The Bill Slayer (Law Firm of Robert J. Adams) can help you put a stop to wage garnishment and regain control of your finances. How Bankruptcy Can Help: Understanding Wage Garnishment in Illinois: Fighting Wage
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One number holds much power when managing your finances: YOUR CREDIT SCORE. It’s the key to unlocking favorable interest rates on your credit cards—or, unfortunately, being stuck with sky-high rates that can trap you in debt. Understanding how your credit score influences your credit card’s interest rate can help you make informed financial decisions and
What’s Your Credit Card Interest Rate? Here’s What You Need to Know Read Post »
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When high debt weighs you down, bankruptcy offers a lifeline, wiping out unsecured debts and giving you a fresh start. But what comes next? How can you rebuild and thrive after bankruptcy? Let’s explore. Credit is King In today’s world, your credit score is everything. A good score (700 or above) opens doors, especially when
Maximizing Your Bankruptcy Fresh Start: Life After Debt Read Post »
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Imagine a world where your unsecured debts, such as credit cards, personal loans, auto repo deficiencies, and medical bills, are wiped clean. This is the purpose of Chapter 7 Bankruptcy. However, when people are overwhelmed with debts, why do many avoid the obvious bestsolution? Common Misconceptions About Bankruptcy In today’s world of credit, one lives
LIFE AFTER BANKRUPTCY: A Path to Rebuilding Your Credit Read Post »
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Illinois, especially regarding the Means Test. This crucial evaluation determines whether you’re eligible for debt relief through Chapter 7 or Chapter 13 bankruptcy.
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Bankruptcy Chapter 13 Chapter 7 Means