What are an unsecured creditor's rights in bankruptcy

If I understand correctly, you put down a deposit on a house and the builder filed for Chapter 11. The case was dismissed a year later. Assuming...

Are there any other options if my credit card refuses to lower finance charges and interest rates

Unfortunately, credit cards and their underlying agreements are pure 'adhesion contracts' as we say in the law - that is, they are one-sided,...

Debt collection laws in state of IL, garnishment procedure

It sounds as if there might be a violation of the Automatic Stay in this case; whether or not depends on whether you filed Chapter 7 or 13. To...

IL state contract law, returning car if dealer did not fix what was agreed

You've asked whether or not you can return a car on which you haven't made a down payment. Short Answer: probably not. The answer to your...

Repossession law in state of IL

Your question has to do with the rights of a creditor in the event you cannot pay for your asset (ie: a car). Illinois contract law allows...

IL contract law, can a seller in a private transaction car sale reposses the car back after buyer missed payments

You've asked whether a private seller can use 'self-help' following a breach by the buyer. Short Answer: Yes. Illinois contract law is...

Chapter 13 bankruptcy, can we keep our car

Okay, there are a lot of things going on here, and there is much I don't know. So let me ask - 1) Do you currently have a Chapter 13...

There is a right and wrong way to handle these situations. To start with, no matter how bad a contractor is they can file a document with the...

You could benefit from bankruptcy or even aggressive credit negotiation. In either case, your student loans may enjoy special status. I say 'may'...

You could benefit from bankruptcy or even aggressive credit negotiation. In either case, your student loans may enjoy special status. I say 'may'...