341 Meeting Of Creditors
341 Meeting Of Creditors Read Post »
Creditors Video
How Does Filing Bankruptcy Have Favorable Impact on Credit Score
Not being able to pay your bills as they become due lowers your score dramatically to the lower 500s, sometimes the 400s. If it is multiplied with a lawsuit, a garnishment, repossession, multiple items with the credit bureau, your score goes down dramatically. If you get rid of all those debts, you start from scratch,
How Does Filing Bankruptcy Have Favorable Impact on Credit Score Read Post »
Bankruptcy Credit Score VideoWhat Is Reorganization Under The Bankruptcy Code?
For reorganizations there are 2 main Chapters available: Chapter 13 and Chapter 11. Only an individual may file a Chapter 13. High amounts of debt can push an individual into Chapter 11. Corporations and partnerships must file Chapter 11, although there is a provision for a small business Chapter 11 with slightly different procedures from
What Is Reorganization Under The Bankruptcy Code? Read Post »
Chapter 13 Reorganization VideoStudent Loan Debt
One of the most common questions we get is whether student loans are dischargeable. And we have to be the bearer of bad news — no, you cannot get rid of school loans in bankruptcy. Only in very rare cases of “undue hardship” can student loans be forgiven. BANKRUPTCY MAY STILL BE PART OF THE
What Is Cash Collateral And The Use Of Secured Property?
After the filing of the case the first motion usually filed is for a Cash Collateral Order. Generally there is property that will be used for the business that generates revenue. If the property has been used to secure a loan the creditor must be given Adequate Protection. For instance, if Accounts Receivables have been
What Is Cash Collateral And The Use Of Secured Property? Read Post »
Bankruptcy Cash VideoWhat Is A Chapter 13 Bankruptcy?
A chapter 13 is a form of a repayment plan. Certain debts have to be paid 100%. Other debts like credit cards can generally be repaid at a fraction of the amount due, such as maybe just 10%. WHAT ARE THE REQUIREMENTS TO FILE FOR A CHAPTER 13 BANKRUPTCY? In addition to the requirements for
What Is A Chapter 13 Bankruptcy? Read Post »
Bankruptcy Chapter 13 VideoWhat Is Small Business Bankruptcy In Illinois?
After decades of helping individuals and businesses one thing is clear. Each client is unique and that includes their problems, situations, and possible solutions. Experienced lawyers do not offer cookie cutter options. The Bankruptcy laws have parameters, rules and regulations. Within these parameters experienced lawyers should look for solutions that best fit the needs of
What Is Small Business Bankruptcy In Illinois? Read Post »
Small Business VideoCan I File a New Bankrutcy? Chapter 7 or Chapter 13?
CAN 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 VideoBank Garnishment and What Can I Do?
TYPES OF BANK GARNISHMENTS AMOUNT YOUR BANK WILL FREEZE The law requires that the bank freezes double the amount of the judgment. For example: judgment is $3,000 the bank will freeze $6,000. JOINT ACCOUNTS The law presumes all funds are yours. The joint account owner has the obligation to file a motion and proof the
Bank Garnishment and What Can I Do? Read Post »
Bank Garnishments Video Wage GarnishmentsWage Garnishments-What is it? How to fight it and Keep Your Hard-
HOW DID MY WAGES GET GARNISHED? “I didn’t know someone sued me.” That is not uncommon. But the Clerk of the Court will show a judgment against you. A Wage Garnishment demands that your employer pays them 15% of your gross income: not net income. For example, gross income is $600 per week the deduction
Wage Garnishments-What is it? How to fight it and Keep Your Hard- Read Post »
Garnishments Video Wage Garnishments Wages