Feeling Overwhelmed by Debt? You’re not alone! Many people struggle with bills they can’t pay, high interest rates, and creditor harassment. Bankruptcy might be an option, but it can be scary to think about. We’re Here to Help At Robert J. Adams & Associates (also known as “The Bill Slayer”), we know that bankruptcy can […]
Illinois homeowners filing for Chapter 7 bankruptcy often face a critical decision regarding their mortgage. It’s essential to understand that Illinois offers limited homeowner exemptions: $15,000 for a single homeowner and $30,000 for a married couple. This typically means you may not have much equity in your home. When filing for Chapter 7 bankruptcy, you
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 »
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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
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