One must pass a Means Test when seeking to file Chapter 7 bankruptcy. If your income is above a certain level, you may not qualify to file Chapter 7, which can be a shocking realization for many. Chapter 7 is often seen as a fresh start, but not everyone qualifies. Many individuals make a decent […]
Income Too High for Chapter 7 Bankruptcy? Discover Your Chapter 13 Solution Read Post »
Bankruptcy Chapter 13 Chapter 7
One must pass a Means Test when seeking to file Chapter 7 bankruptcy. If your income is above a certain level, you may not qualify to file Chapter 7, which can be a shocking realization for many. Chapter 7 is often seen as a fresh start, but not everyone qualifies. Many individuals make a decent
Chapter 7 vs. Chapter 13: When Debt Becomes Too Much to Handle Read Post »
Chapter 13 Chapter 7 Debt Means
Filing for bankruptcy can feel overwhelming, but understanding the process step-by-step can make it easier. If you are dealing with debt or constant calls from creditors, bankruptcy may be a way to get a fresh start. Below, we’ll guide you through the steps of filing bankruptcy, what you can expect, and how to prepare. Remember,
Step-by-Step Guide to Filing Bankruptcy Read Post »
Bankruptcy Chapter 13 Chapter 7
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 »
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 »
Bankruptcy Chapter 13 Chapter 7 Credit Credit Score Debt
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 »
Bankruptcy Chapter 7 Credit Score
Illinois, especially regarding the Means Test. This crucial evaluation determines whether you’re eligible for debt relief through Chapter 7 or Chapter 13 bankruptcy.
Beat the Means Test with a Trusted Bankruptcy Lawyer Read Post »
Bankruptcy Chapter 13 Chapter 7 Means
We are your Personal Bankruptcy lawyer for Chicago and outlining areas. Choosing a bankruptcy lawyer isn’t just about hiring a professional—it’s about finding someone who genuinely understands and cares. Being a Chicago Bankruptcy lawyer for individuals is a profession and a calling!
