When you have a great deal of debt that cannot be managed the best solution is to file a Chapter 7 bankruptcy. There are, however, situations where filing a Chapter 7 is not possible or is not in a person’s best interest: filing a Chapter 13 is the best path for you. This article is […]
How Does A Chapter 7 Bankruptcy Compare To A Chapter 13? Read Post »
Bankruptcy Chapter 13 Chapter 7 VideoA condominium (condo) is a type of real estate divided into several units. Each unit is separately owned. The common areas are jointly owned by condominium owners. Condominiums Associations (Condos) include multi-unit apartments and townhouse and some single family houses. There are also office and store condos. While co-ops are a bit different the following
Condominiums in Illinois Read Post »
Condominium VideoMortgage companies in Illinois will proceed with a foreclosure at some point when a homeowner falls behind on payments. Probably the most effective way of stopping or preventing a foreclosure is filing Chapter 13. The basic requirements are You can down load for free our eBook: SAVING YOUR HOME And Other Real Estate in Illinois.
Save Your Home; Stop Foreclosure Read Post »
Foreclosure Home VideoIn Illinois creditors can get up to 15% of one’s gross wages-not net wages. If those wages are $500 per week gross; net $450: they take $75. The filing of a Chapter 7 or a Chapter 13 bankruptcy can stop wage garnishments. Most lawyers practicing in Consumer Bankruptcy can file a Chapter 7 or Chapter
Stop Wage Garnishments Read Post »
Video WagesThere are times when filing Bankruptcy is obvious such as when there is a traumatic event: Wage Garnishment; repossession, law suits, foreclosure, license suspension for parking tickets. For many others there are struggles and doubts. Should I file? Or, should I hold on? Filing for Bankruptcy is an individual decision. All a good lawyer can
File Bankruptcy and Rebuild Your Credit Read Post »
Bankruptcy Credit VideoYou have a clear title to your car, truck or motorcycle and you need money. Title Loan companies will gladly lend you money for a short term loan. But, there is a catch and a big one. The interest rate is high: anywhere from over 100% to 300%. The loan amount can anywhere from 25%
Title Loans – A Good Way To Lose Your Car Read Post »
Automobile Car Title Loans VideoPayday loans in Illinois have interest rates up to 400%. Unbelievable but true. You need $500 for something real fast. Many Pay Day Loan companies have you give them a post-date check. You pay it in a week or so it’s OK. But when you can’t then nightmare begins. Repaying a $500 loan over a
Payday Loans – A Short Term Fix: Long Term Nightmare Read Post »
Loans Payday loan VideoSURPRISING BENEFITS OF CHAPTER 13 Personal income tax debts that are older than 3 years may be discharged. For a fuller discussion see: Can I Discharge IRS Taxes In Bankruptcy? After Chapter 7 discharge there are 2 types of tax that remain: WHAT TO DO? A Taxpayer may be able to deal with the IRS outside
Dealing with IRS Debt that Can’t Be Discharge in Chapter 7 Read Post »
Chapter 7 IRS VideoThe following is a sample of emails or telephone calls that I frequently get. Dear Mr. Adams: I have a lot of bills and can’t get ahead. But, I am afraid if I file Chapter 7 bankruptcy my credit will be ruined for forever. Signed,(name withheld for privacy) Dear ABC, Legend has it that filing
Will Bankruptcy Ruin My Credit Forever? Read Post »
Bankruptcy Credit Credit Score Video