Did you ever park your car to run into a store for a few minutes? You come back out and find a big fat Chicago Parking ticket on your windshield. It has happened to me. Ruins your day! Accumulated parking tickets are a major headache; license suspension; being “booted”; cars impounded. If the tickets go […]
Chicago Parking Tickets – Things You Should Know About Read Post »
Parking tickets Tickets VideoOften individuals with a heavy debt load want to file Chapter 7 but find out they can’t. There is a Means Test. Many middle-income folks are “high earners” in Bankruptcy Land. What this means is the income in the family exceeds certain thresholds. I have a blog that explains the Means Test in greater detail. SO WHAT
The Benefits Of Chapter 13 Repaying 100% To All Creditors Read Post »
Chapter 13 VideoThere are 3 basic types of claims in Bankruptcy for folks: SECURED CLAIMS A secured claim is one where the creditor has a lien on a property in your possession. A secured claim can be by agreement; by law; or by recording a lien. By agreement. The most common types include mortgages, cars, and even
What Are The Different Types Of Claims In Bankruptcy? Read Post »
Bankruptcy Claims VideoBankruptcy, it’s a word that most people find repugnant, but should it be so maligned? The fact of the matter is—bankruptcy provides significant relief to many Americans annually. If you’re drowning in debt and see no way out, bankruptcy may be the only way for you to start over with a clean slate. Many Americans
What Is A Chapter 7 Bankruptcy Case? How Does It Work? Read Post »
Bankruptcy Chapter 7 VideoPeople file Chapter 7 bankruptcy to get a discharge of debts. At the end of the Chapter 7 you don’t owe the money anymore. Of course, not all debts are dischargeable. For instance: Also, creditors can file a complaint to except a debt from discharge. This is rare. A competent lawyer looks for problem areas and can
What Is A Chapter 7 Bankruptcy How Do I Get Started Read Post »
Bankruptcy Chapter 7 VideoOften times a person who files Chapter 7 has a home mortgage. Sometimes a first and second mortgage. The client is current on the monthly mortgage. They ask: “Should I reaffirm my mortgage”? Lawyers who represent Chapter 7 individuals say “No”. This includes my firm, Robert J. Adams & Associates. In the final analysis the choice is
Should I Reaffirm My Mortgage In Chapter 7 Bankruptcy? Read Post »
Chapter 7 Mortgage VideoBankruptcy can disrupt your life. It can bring about changes that you never planned on. And for many people who live outside major cities with excellent public transportation options, a car is their connection to food and work. Giving up your car in a bankruptcy can be a difficult decision, but you do have choices.
Should I Reaffirm My Automobile Debt In Chapter 7? Read Post »
Automobile Car Chapter 7 VideoEach of these is a common question I am asked. First, spouses may join in Chapter 7. It is called a joint case. Second, spouses are not required to join in Chapter 7. SHOULD SPOUSES JOIN TOGETHER IN CHAPTER 7? It is a good idea if each spouse has a lot of debts, especially joint debts.
Can My Spouse File A Joint Chapter 7 With Me? Read Post »
Chapter 7 Spouse VideoThe current filing fee is $335.00. WHAT IF I DON’T HAVE ENTIRE THE $335 OR ANY OF IT? The filing fee can be paid in installments, up to 4 months. WHAT IS THE FILING FEE? It is the amount the Courts has determined what is necessary to administer Chapter 7 cases. In my opinion it is too
How Much Is The Filing Fee In A Chapter 7 Case? Read Post »
Chapter 7 Fees Video