Frequently, individuals ask about giving property away, such as a car, just before filing a Chapter 7. These transfers not only fail to help the bankruptcy process, the transfers might be unnecessary with the right legal advice. THE PROBLEM WITH LAST MINUTE SALES AND TRANSFERS Maybe an individual has a car worth $15,000 that they […]
Transferring Or Selling Assets Before Filing Bankruptcy Read Post »
Debt VideoAmerican workers take pride in their work, and American ingenuity and labor has given birth to some of the world’s greatest achievements, indeed. But the economy rises and falls from year to year and unfortunately for some Americans that means lost jobs, and lost jobs often creates debt. Let’s face it, no one wants to
Swimming In Debt? It Might Be Time To Call A Chicago Debt Collect Read Post »
Debt Video
Walking 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 VideoDid you know that more than 70 million people were contacted by a debt collector between 2014 and 2015? (Consumer Experiences in Debt Collection Survey, 2017) Receiving a call from a debt collector can be stressful. Your first instinct may be to hide or ignore the situation and hope it goes away. But that can make
Know Your Debt Collection Rights Read Post »
Debt Collection Rights VideoHOW LONG CAN A DEBT COLLECTOR PURSUE AN OLD DEBT? This is a general outline is 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. Private creditors have a limited amount of time to collect
Statute of Limitations for Debts in Illinois Read Post »
Debt Statute of Limitations Video