Chicago, IL
Foreclosure Lawyer at Chicago, IL
Practice Areas: Foreclosure, Litigation, Bankruptcy & Debt
The debtors attorney will present a repayment plan to the bankruptcy trustee. This plan will be based on the debtors monthly income and will provide for greatly reduced payment of debts for a 3-5 year ...
See Full GuideChapter 13 Bankruptcy is designed for the adjustment of debts of an individual with regular income. Chapter 13 allows a debtor to keep their property and pay their debts over time, typically within a t...
See Full GuideThe court may revoke a discharge under certain circumstances. For example, a trustee, creditor, or the U.S. trustee may request that the court revoke the debtor's discharge in a chapter 7 case based if...
See Full GuideOnce you receive your bankruptcy discharge, you can start your financial life over. If you receive (or become eligible to receive) an inheritance, insurance proceeds, or proceeds from a divorce settlem...
See Full GuideWhat Debts Can Be Discharged The following debts are almost always discharged in bankruptcy , with rare exceptions: Credit Card Debts; Medical Bills; Lawsuit Judgments; Debts Arising from Car Acci...
See Full GuideCreditor Counseling Course The very first step for a debtor looking to start the bankruptcy process is to complete an educational credit counseling course from an approved provider. By law, this must ...
See Full GuideTo be eligible for relief under Chapter 7, you must pass what is called the means test. Basically, if your (and your spouses, if filing jointly) income is in excess of certain thresholds, you may not b...
See Full GuideA bankruptcy discharge releases the debtor from personal liability for certain specified types of debts. This means that the debtor is no longer legally required to pay any debts that are discharged. ...
See Full GuideChapter 7 bankruptcy is the most common form of individual bankruptcy. It is also called liquidation or straight bankruptcy. This is because Chapter 7 provides for the debtor's release from liability f...
See Full GuideIf you are burdened with debt, suddenly find yourself without a job, are hit with large, unexpected medical bills you cant pay, or you simply cannot dig out from under an impossible debt burden, you sh...
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