Payday 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 VideoMany people avoid bankruptcy on the belief they can never get a mortgage. That is not true. Actually, the opposite may be true for many good folks. If you have too many debts or have a low credit score obtaining a mortgage is too difficult. To get a mortgage you have to resolve your debt problems. Bankruptcy
How Long After Bankruptcy Can I Buy A Home? Read Post »
Bankruptcy Home Video(Contracts, medical bills, repossession, credit cards, purchases, etc.) Creditors can pursue individuals for a limited period of time. This article sets out some of the more common time limits: THE TIME WHEN THE STATUTE STARTS AND WHEN IT ENDS Attempting to collect a time-barred debt MAY violate the Fair Debt Collection Practices Act, if:
Statute Of Limitation For Debts (Illinois) Read Post »
Statute Of Limitation VideoMan good folks who are deep in debt avoid or defer filing for Bankruptcy. Why? They hear and read lot of misinformation and lies. Special interest groups such as banks fight against filing Bankruptcy. Why? If they can prevent you from filing bankruptcy or delay it they will able to squeeze more money out of
Common Myths And Lies About Consumer Bankruptcy Read Post »
Bankruptcy VideoIn another article SHOULD I FILE BANKRUPTCY? I said your decision is a personal one but should be based on correct facts and options. A lot of folks realize they should file Bankruptcy (either a Chapter 7 or a Chapter 13) but are hesitant. They are fearful of life after bankruptcy, because they have listened
Life After Bankruptcy Read Post »
Bankruptcy VideoCan you get rid of parking tickets in Chapter 7? Chapter 13 still available if it works out best for you. Can you convert a current Chapter 13 to get the benefit of the new law? Probably not. Because the 3 years back would be from the date of filing the Chapter 13. Dismiss Chapter 13 and refile?
Beep! Beep! Parking Tickets And Chapter 7 Read Post »
Chapter 7 Parking tickets VideoChicago Parking Tickets: An Overview (Including Important Information On Red Light and Camera Tickets) You’re in a hurry, trying to run one quick errand during lunch before rushing back to the office for your busy afternoon – you stop for just 5 minutes to pick up dry cleaning and on your way out – OH
Chicago Parking Tickets: An Overview Read Post »
Parking tickets Video