A chapter 7 bankruptcy is a filing with the U.S. bankruptcy court to obtain a discharge of listed debts. In other words, at the end of the bankruptcy, the debts listed you will not be owed money anymore. It’s oversimplification because there are debts that are not discharged and there are debts you wish to […]
What Is A Chapter 7 Bankruptcy? Read Post »
Bankruptcy Chapter 7 VideoCAN I FILE A NEW BANKRUTCY? CHAPTER 7 OR CHAPTER 13? This is a general outline provided by ROBERT J. ADAMS & ASSOCIATES. Offices in Chicago and Waukegan, Illinois The primary practice of ROBERT J. ADAMS & ASSOICATES is Chapter 7 and Chapter 13 Bankruptcy. This article is only about timing: not whether you can
Can I File a New Bankrutcy? Chapter 7 or Chapter 13? Read Post »
Bankruptcy Chapter 13 Chapter 7 Video
RED LIGHT AND CAMERA TICKETS Can Chicago Parking tickets be eliminated in Chapter 7? Yes, based on conditions. PREFACE: As general rule parking tickets and debts to the Illinois Tollway Authority cannot be discharged in Chapter 7. However, the City of Chicago has carved out an exception. The City of Chicago will waive or eliminate certain
Chicago Parking Tickets and Chapter 7 Bankruptcy Read Post »
Bankruptcy Chapter 7 TicketsYou decided that filing Chapter 7 is in your best interest. To effectively file your case various information and documents are needed. The following is a brief outline: I know that this seems like a lot but most folks have everything and we do help you. Almost all cases go smoothly and you get your
What Do I Need to File Chapter 7 Bankrutcy? Read Post »
Bankruptcy Chapter 7 VideoThis is a general outline provided by ROBERT J. ADAMS & ASSOCIATES. Offices in Chicago and Waukegan, Illinois The primary practice of ROBERT J. ADAMS & ASSOCIATES is Chapter 7 and Chapter 13 Bankruptcy. There are reasons why you filed Chapter 13 instead of Chapter 7. Generally, it was to save something like a car
Can I Convert My Chapter 13 to Chapter 7? Read Post »
Chapter 13 Chapter 7 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
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Automobile Bankruptcy Car Chapter 7 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 VideoHere is a typical problem many good folks have. John Q (or it could be Mary Doe) has a lot of credit card debt: $20,000, $30,00, $40,000, or some other amount. John also has medical debt. John can’t keep up with payments. After doing the best he can, he is broke. He doesn’t have any
Credit Score After Chapter 7 Read Post »
Bankruptcy Chapter 7 Credit Score VideoPeople call me frequently who have a real need to file Chapter 7 bankruptcy but are hesitant. Why? Cars. People are afraid they will lose their cars even though they are up to date on their car notes. There is no need to worry. Finance companies want your money, not your car. When you file
Can I buy a car after I file Chapter 7 Read Post »
Bankruptcy Buying a Car Car Chapter 7 VideoThe simple answer is “Yes.” After filing Chapter 7, you can buy anything you want. The real question is, “Can I get a mortgage?” To initially qualify for a mortgage, you must wait. (The above starts from the discharge date, not the filing date.) The higher your credit score; the more of a downpayment;
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Bankruptcy Chapter 7 Video