David Chang's Answers

When you get a letter of dismissal of your chapter 13 bankruptcy, will they take your stuff under the plan..

If your chapter 13 bankruptcy is dismissed nobody will "necesarily" take your stuff under the plan. However if you were behind on your SUV or motorcylce at the time the case was filed and they were not paid current or paid off, they may come and reposses the items since you are no longer protected by the bankruptcy. The house may also go into foreclosure if you were behind on the payments at the time that you filed. The content found here is not legal advice and is purely for...

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If i go bankrupt will i lose my home

Illinois allows 15k as a homestead exemption for single filers and 30k for joint filers. If you have no equity in your house you will not lose it in chaper 7 or Chapter 13 as long as you maintain your regular monthly mortgage payments. The content found is not legal advice and is purely for informational purposes. The information contained herein is not a substitute for the advice of an attorney If you are interested in obtaining information about bankruptcy, you are encouraged to call our...

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Question about income and a filed bankruptcy petition?

You can file amended schedules. The court liberally allows you to make amendments to your bankruptcy schedules.