It seems like every week, I get a telephone call that generally goes like this: “The sheriff’s sale was last week. Can you help me save my home?” I reply, “Why did you wait?” The typical answer is: “I was working with the mortgage company on a loan modification. They said it looked good, so […]
Loan Modification And Foreclosure In Illinois Read Post »
Foreclosure Loans VideoIn the last five years, property values have fallen leaving many people owing more money than their property is worth. If you own a building with rental apartments, you may be able to reduce what you pay to only what the building is worth by filing a Chapter 13 bankruptcy and using a cram down
What Can I Do When My Building Is Worth Less Than I Owe? Read Post »
Real Estate VideoCondominium associations are much like landlords. They can evict you if you are behind on payments and also sue you to recover unpaid assessments. Bankruptcy can help you stay in the condo by repaying the dues or get rid of the debt if you decide to leave. DUES Condominiums (Condos) include multi-unit apartments and townhouses
Past Due Condo Payments – How Bankruptcy Can Help Read Post »
Condominium VideoYou can often get the IRS off your back through Bankruptcy. Thousands have gone through one of the Bankruptcy chapters and regained their freedom from the IRS. FEDERAL TAX LIENS A federal tax lien is the government’s legal claim against all your property. It encumbers real estate, bank accounts, and even personal property. How does
Bankruptcy and IRS Tax Liens Read Post »
Bankruptcy IRS Liens VideoSimilar to a blog we did earlier, Should I File Bankruptcy, the following article discusses warning signs. 7 Signs You’re Heading Into Bankruptcy If you are having financial problems, feel free to contact us or explore the website. We have helped thousands of people through these problems. Now may be the time for you to file a
Are You Having Financial Problems? Read Post »
Financial VideoWhen you face serious financial problems filing Bankruptcy may well be a necessary and correct path for you. But caution is always required. By consulting with a law firm that has years of experience with Consumer Bankruptcy you can steer clear of some big pitfalls. These are some of the serious DON’Ts to avoid when filing
Don’t Do This When Considering Filing Bankruptcy Read Post »
Bankruptcy Video
The benefits of successfully completing a Chapter 13 are obvious such as reinstating a home mortgage or saving one’s car and being debt free upon discharge. BUT, there is more. A recent Harvard University study found: The authors believe a successful Chapter 13 yields these positive effects because filers have an increased incentive to work
Health and Financial Benefits Of Chapter 13 Read Post »
Chapter 13 Video
The current trend in technology has made driverless cars a reality. These driverless cars are made with the aim of avoiding car accidents, but as it stands now, there is still a long way to go. Currently, there is a limited testing and deployment of these autonomous cars especially due to numerous accidents they have caused
Who Is Responsible For The Crash Of A Driverless Car? Read Post »
Automobile Car VideoSadly the Supreme Court of the United States in a unanimous decision held that a Chapter 7 Debtor cannot wipe out an underwater second mortgage. The case is Bank of America, N.A. v Caulkett, 575 U.S. _ (2015)(June 1, 2015) An example of an underwater 2nd mortgage would be as follows: This case did not change anything
Can You Eliminate An Underwater 2nd Mortgage In A Chapter 7? Read Post »
Chapter 7 Mortgage VideoIF I FILE BANKRUPTCY CAN I REBUILD MY CREDIT? WILL I BE ABLE TO BUY A HOUSE? Bankruptcy cases show up on your credit report as a bad mark but it often cleans up other bad marks. Also, it reduces your debt to income ratio. So there is good and there is bad. Credit reports
Rebuilding My Credit After Bankruptcy. Part 1 Read Post »
Bankruptcy Credit Video