In Illinois, if I'm a homeowner without a mortgage, can I file bankruptcy without them coming after my house or putting a lien?
Mario's answer
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Answered on August 28, 2023
I was curious of the Illinois homestead exemption. As far as I can determine it is $15k (30K if married). So I believe you would lose the house...
Bankruptcy expenses?
Mario's answer
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Answered on August 28, 2023
Great answers above. I will sometimes list an expense like that as "estimated rent." That way the reader of the schedules knows that the expense...
Being on the verge of an eviction and considering bankruptcy. Is it applicable or possible for a case as mine?
Mario's answer
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Answered on August 28, 2023
A Chapter 13 bankruptcy can stop the eviction as long as you file before the eviction judgment is issues. You will have to immediately resume...
Has anyone ever heard of the Bankruptcy Settlement Group out of Sierra Vista, Arizona?
Mario's answer
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Answered on August 25, 2023
This could be a scam. So you should run it by the lawyer who handled your case. You should also do some on-line research. Do they have...
I got a personal injury settlement they didn’t take out the Medicare and Medicaid Lien amounts can I declare bankruptcy ?
Mario's answer
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Answered on August 25, 2023
Some of your debt payments may be considered preferences. A preference is a payment made to a creditor 90 days before filing (1 year for payments...
What am I legally able to do?
Mario's answer
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Answered on August 24, 2023
If they are in bankruptcy, you can't do anything to collect the debt (including phone calls, letters, picking up the car, etc. ). Your remedy may...
Is it ok that I sold my vehicle that has an auto loan to my sibling for the amount of the loan, if I may declare ch7 bankruptcy?
Mario's answer
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Answered on August 24, 2023
Mr. Caldwell is right. You may have made a fraudulent transfer under the bankruptcy code. If you file the case 2 years after the transfer, the...
If I have an SBA 7A loan and file bankruptcy in will my cash value life insurance be at risk?
Mario's answer
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Answered on August 23, 2023
The answer is---it depends. The bankruptcy code provides for a list of property you can keep--called exemptions. Each state can supply its own...
Why would the balance of my Chapter 13 case be A LOT higher than my claimed debts?
Mario's answer
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Answered on August 22, 2023
There are trustee's fees, attorney's fees and interest added to the debts. That is why the payment is higher. Get with your attorney. He should...
I have a triple net property in kilgore texas and the company leasing from me is in chapter 11 bankruptcy what doi need to do?
Mario's answer
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Answered on August 22, 2023
Chapter 11 is highly complex. So you will want a creditor's rights attorney with experience in dealing with lease issues in Chapter 11. AVVO has...
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