Erick J. Bohlman’s Guides

Erick J. Bohlman

Crystal Lake Bankruptcy Attorney.

Contributor Level 11
  1. Reaffirmation vs. Redemption -- Two Ways to Save your Car in Bankruptcy

    Written by attorney Erick Bohlman, almost 3 years ago.

    As part of a Chapter 7 bankruptcy proceeding, you may be eligible to REDEEM YOUR CAR. This allows you tokeep your car by paying fair market value to the creditor not the amount you actually owe often resulting in: A LOWER MONTHLY PAYMENT with FEWER OR EQUAL PAYMENTS and A FRE...

  2. AVOID FORECLOSURE BY SHORT SALE

    Written by attorney Erick Bohlman, almost 3 years ago.

    If youre one of the millions of Americans affected by the real estate crash, chances are youve looked into possible ways to avoid foreclosure. Do you want to avoid foreclosure by means of a short sale? A short sale may be oneway of dealing with a foreclosure and avoiding bankrupt...

  3. Tax Consequences of a Short Sale and Foreclosure

    Written by attorney Erick Bohlman, almost 3 years ago.

    Generally speaking, debt that was forgiven as a result of a short sale or foreclosure on a residence is not considered income to you for tax purposes. However, many former homeowners are receiving 1099C forms from their banks after having done a short sale or gone through a forec...

  4. BANKRUPTCY ALTERNATIVES

    Written by attorney Erick Bohlman, about 3 years ago.

    BANKRUPTCY ALTERNATIVES In many cases, people considering bankruptcy may be able to avoid bankruptcy by exploring certain alternatives. Generally, there are two different approaches depending on whether the debts are primarily secured or unsecured. A. Unsecured Debt -- Debt Relie...

  5. Credit After Bankruptcy

    Written by attorney Erick Bohlman, about 3 years ago.

    If you are considering bankruptcy, there is a good chance that your credit rating is already bad. You may wonder whether a bankruptcy will make it even worse, and preclude you from ever obtaining credit again. While the answer to the first question depends on various circumstance...

  6. Consumer Bankruptcy Overview

    Written by attorney Erick Bohlman, about 3 years ago.

    Bankruptcy may allow individuals and businesses experiencing financial hardships to get a fresh start. In appropriate circumstances, a bankruptcy will allow the debtor to eliminate or reorganize debt while saving important assets such as a home or car. The filing of a bankruptcy ...

  7. Divorce Basics

    Written by attorney Erick Bohlman, about 3 years ago.

    Divorce Basics: At the heart of every divorce are four issues: 1. Division of community and/or marital property2. Division of debt3. Custody and visitation of any children4. Payment of child and/or spousal supportUncontested Divorces: If you and your spouse can agree on the terms...

  8. Immigration Basics

    Written by attorney Erick Bohlman, about 3 years ago.

    Immigration Overview: With changing laws and growing enforcement, gaining citizenship or residence in the United States can cause individuals to become quickly discouraged. To be sure that your interests are well-represented, the help of an immigration lawyer is central to succes...

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  9. Bankruptcy Basics

    Video posted by attorney Erick Bohlman, about 3 years ago.

    BANKRUPTCY BASICS: Bankruptcy may allow individuals and businesses experiencing financial hardships to get a fresh start. In appropriate circumstances, a bankruptcy will allow the debtor to eliminate or reorganize debt while saving important assets such as a home or car. The fili...