I am thinking of filing Chapter 13 to pay my credit card debt. What items are protected under Chapter 13?

In a Chapter 13 plan, you generally get to keep everything you own. The trustees generally require you to pay your tax refunds into the plan. It...

Wife and I want a divorce but we can't afford it. Underwater mortgage. Bills up ying yang. Short sale? Walk away? Bankruptcy?

This definitely requires an in-person meeting with a bankruptcy attorney first, and then a divorce attorney. If you and your wife are not able to...

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Signing a reaffirmation of debt of a car loan.

If you signed a reaffirmation agreement, you need to speak to your attorney, if you had one in the bankruptcy, immediately. If you did not have an...

IRA Annuity exempt in IL Chapter 7 Bankruptcy?

Generally, in Illinois, qualified retirement accounts such as IRA annuities, are exempt (protected). However, you need to speak to an experienced...

My condo is currently worth 100K - I owe $200 on the 1st mortgage and $29K on the second. Building has sinking foundation.

You should consult with an attorney about foreclosure defense and/or bankruptcy. It is much more likely that the 2nd lienholder will seek a...

I file bankruptcy (chapter 13) and it was processed Sept 2006. Can i file again?

It is hard to tell exactly what happened in September of 2006. If ,it was a Chapter 13 case, there would have been a payment plan, which could...

I was told I did not have enough debt to qualify for chapter 7, was I scammed.

Without knowing your full situation, I cannot tell if the attorney gave you the right advice or not. It sounds like one possible explanation is...

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Except for very rare situations, you cannot eliminate any student loans, private or directly from the government in a C'hapter 7 bankruptcy. It...

In Illinois forclosure, when does my name get removed from the property deed?

Generally, in Illinois, your name is removed from the deed to the property only after the foreclosure is completed and the property is sold. It...

What are the pros and cons of a "Deed in Lieu of Forclosure" situation with a bank?

Depending on the situation, a deed-in-lieu of foreclosure can be the right solution. You definitely need to contact an experienced attorney to...