Bankruptcy 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 VideoAre you a Homeowner overwhelmed with debts but afraid of what will happen if you file Bankruptcy? This is a reasonable concern. In Illinois, 48,673 people filed for Bankruptcy in 2019.* Chapter 7-30,695: to get a discharge of debts and get a “Fresh Start.” Chapter 13-17,816 to manage their debts. ROBERT J. ADAMS & ASSOCIATES
Will I Lose My House if I File for Bankruptcy? Read Post »
Bankruptcy Home Homeowner VideoTo the first question: Yes. You can buy a car even on the date you file Chapter 7. About the second question: Yes, you can get a car loan after filing Chapter 7. But, you have to be realistic. You have to show a lender that you can repay the loan back. The purpose of
Can I Buy a Car After I File Chapter 7 Bankruptcy Read Post »
Automobile Bankruptcy Car Chapter 7 VideoMillions of Americans have benefited from the United States Bankruptcy laws. Chapter 7 discharges crushing debts. Chapter 13 reorganizes debts. It allows you to keep needed assets. For instance, your car and/or your home. Either of these Chapters gives you a financial “FRESH START.” What happens after Bankruptcy? People need credit. People must rebuild their credit
Get a 720 Credit Score After Bankruptcy Read Post »
Bankruptcy Credit Score VideoMore Detail Pay Advises Social Security Driver’s License Debts Assets Tax Returns Credit Counseling (Cases Cannot Be Filed without A Credit Counseling Certificate)
What Documents and Information Do You Need to File Bankruptcy Read Post »
Bankruptcy Chapter 13 Chapter 7 Documents VideoYou have decided to file Chapter 7 or Chapter 13, or you are considering it. You should know you must provide certain information to your lawyer. Also, you must provide documents. The following is a shorthand list of what is needed. More detail PAY ADVISES; PAY STUBS SOCIAL SECURITY CARD For undocumented clients, we can
A Helpful Guide When Considering Filing Bankruptcy Read Post »
Bankruptcy VideoIs your home in foreclosure, or have you missed three or more payments? We are here to help. Can You Stop Foreclosure? Some options are temporary. When you defend the foreclosure in state court, you will stop the foreclosure for some time. Generally, it only delays the foreclosure and is not a permanent solution. Other
Save Your Home From Foreclosure in Illinois Read Post »
Bankruptcy Foreclosure Home Homeowner VideoBankruptcy laws say you must do a Means Test. You must list the gross income in your family for the past six (6) months. Is the total amount below or above the amounts listed in the table below? The number of persons in the household is generally the number on your tax return. But you
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Bankruptcy Means Video