Should chapter 7 be filed before sheriffs sale in Il? We need to avoid the possibility of 1099, or deficiency judgment

While I understand your questions, I am confused about why you are asking. If the property in question is income property then you do not live...

Home in 2 names, one party only on the notice of sheriff's sale in il. Is that normal?

Your question really h as multiple parts. To begin with, the situation you describe is not common (i.e. a property is titled in 2 or more names,...

Do lenders file deficiency judgments on rental homes? What is insolvency on phantom income?

Your question appears to be whether the foreclosing lender will seek a deficiency judgment after a judicial sale of your income property (i.e....

Mortgage modification

The mortgage lender included your name because you are on title to the house and because your spouse is the borrower. In short, you have rights in...

Selected as the best answer

I entered into a verbal sublet agreement with a woman who posted ad on Craigslist.

Yes, you should have no problem defending this action in Small Claims Court. A written lease is not required in order to create a legally binding...

You ask how to prevent a creditor from collecting. I believe you are really asking two things: will a judgment be rendered against you despite your...

Would filing chapter 7 after sheriffs sale stop the lender from issuing phantom income? How soon should we file?

I believe that I just responded to a follow up question from you. As I wrote there, more detail will be needed before your question is answered....

Does chapter 7 eliminate phantom income for income tax and possibility of deficiency judgment on rental home?

You would have to be more specific in order for my office to answer your question; but in general there are no tax repercussions that I know of to...

I get a medical bill for payment a service done in 2008. Is that legal for the hospial to bill me now and demand me to pay?

First, it is definitely possible to be billed now by the hospital. Second, billing in cases like this follows a special, and complicated, path. To...

Bank levy

It looks like you are getting solid answers from other Attorneys on this point. The bottom line is that a creditor cannot take action against your...