Money Judgments when A Home Is Foreclosed (Illinois)

FORECLOSURE DEFICIENCIES 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. When you buy a home financed with a mortgage you give the mortgagee two (2) things: WHAT HAPPENS WHEN […]

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Foreclosure Real Estate Video

What to Expect After Bankruptcy

In 2020 almost 20,000 people filed personal bankruptcy in the  Chicagoland area. Economists expects more and more people will need  bankruptcy relief. There are 2 bankruptcy chapters for  individuals: 1) reorganizing debts under Chapter 13, or 2) a full  discharge of debts under Chapter 7. We’ll cover the differences soon.  There’s also Chapter 11: mainly

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Bankruptcy Credit Score Video

Will I Lose My House if I File for Bankruptcy?

Are 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

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Bankruptcy Home Homeowner Video

Get a 720 Credit Score After Bankruptcy

Millions 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

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Bankruptcy Credit Score Video
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