The current trend in technology has made driverless cars a reality. These driverless cars are made with the aim of avoiding car accidents, but as it stands now, there is still a long way to go. Currently, there is a limited testing and deployment of these autonomous cars especially due to numerous accidents they have caused […]
Who Is Responsible For The Crash Of A Driverless Car? Read Post »
Automobile Car VideoSadly the Supreme Court of the United States in a unanimous decision held that a Chapter 7 Debtor cannot wipe out an underwater second mortgage. The case is Bank of America, N.A. v Caulkett, 575 U.S. _ (2015)(June 1, 2015) An example of an underwater 2nd mortgage would be as follows: This case did not change anything
Can You Eliminate An Underwater 2nd Mortgage In A Chapter 7? Read Post »
Chapter 7 Mortgage VideoIF I FILE BANKRUPTCY CAN I REBUILD MY CREDIT? WILL I BE ABLE TO BUY A HOUSE? Bankruptcy cases show up on your credit report as a bad mark but it often cleans up other bad marks. Also, it reduces your debt to income ratio. So there is good and there is bad. Credit reports
Rebuilding My Credit After Bankruptcy. Part 1 Read Post »
Bankruptcy Credit VideoWalking down any street in America you’ll likely pass one or several homeless people. Some people might choose to put a few dollars in their cup, while others may simply be at capacity already dealing with their own problems and may forge ahead without considering the homeless person. It’s hard to know what’s going on
The Bankruptcy Option—Your Friend When Debt Becomes Insurmountable Read Post »
Bankruptcy Debt VideoWhat happens when I have a Personal Injury claim and I need to file a Bankruptcy? Can I protect a potential settlement or judgment? The answer is “Yes” you can file bankruptcy, protect your claim, and even keep your current lawyer. The problem most frequently arises when a person is hurt in an automobile accident
Personal Injury Claims And Bankruptcy In Illinois Read Post »
Personal Injury VideoBetween 2005 and 2008, the banking industry offered Home Equity Lines of Credit (HELOC loans) to thousands of homeowners. If you have one coming due, you may have a major problem on your hands. The HELOC loans generally only charge monthly interest payments for a certain period of years. When the loan expires, the homeowners
Home Equity Loans (2nd Mortgages) Read Post »
Home Equity Mortgage VideoThe idea of filing for bankruptcy is difficult for many people to swallow. Among other things, the shame of letting themselves get into financial hardship can keep people from taking that action. While the process can be difficult to commence, the reality is there are times when it is necessary to simply regroup and start
Bankruptcy as A Learning Experience Read Post »
Bankruptcy Marriage VideoWhen property owners including homeowners do not pay real estate taxes the County can “sell” the taxes to a “tax buyer.” I DON’T WANT TO LOSE MY HOME. WHAT CAN I DO? HERE’S HOW IT WORKS: If the taxes are delinquent for more than one (1) year the county sells the taxes. A tax buyer
Real Estate Tax Sales In Illinois And How To Save Your Home Read Post »
Real Estate Real Estate Tax VideoBusinesses owned solely in an individual’s name or owned by a married couple might well look to reorganize through a Chapter 13 bankruptcy. There may be a time when the business is being crushed by debt but could go forward profitably if debts were prioritized and in many cases substantially reduced. Chapter 13 is only
Reorganizing The Individually Owned Business Read Post »
Businesses Reorganizing Video