How Long Will A Bankruptcy Case Take?
Jun 17, 2011
The average Chpater 7 bankruptcy case will last from 90-120 days. Provided that there are no requests to extend the date to object, the discharge order will be issued in the ordinary course....
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What If I Forget To List A Creditor?
Jun 17, 2011
Most pre-petition debts would be eliminated if the failure to list the creditor was inadvertant. However, there are some exceptions to this rule....
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Will My Employer know About My Bankruptcy?
Jun 17, 2011
Employers generally do not find out about your bankruptcy filing. The exception would be in the case of a wage garnishment that needed to be stopped. I would have to send proof of the bankruptcy filing...
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Is There Life After Bankruptcy?
Jun 17, 2011
Most people are surprised to discover that life improves after filing bankruptcy. Most, if not all of the prior debt obligations are eliminated and the individual can start to save again. A person can ...
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Will My Spouse's Credit Be Affected By My Filing Bankruptcy?
Jun 17, 2011
Filing bankruptcy is an indivual decision. A married couple does not have to file jointly. However, if there is joint debt and only one spouse filed, the creditor can seek to collect against the non-fi...
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Will Filing Elminate Child Support?
Jun 17, 2011
Filing bankruptcy will not eliminate child support. However, it can be repaid through Chapter 13 over a period not to exceed 60 months....
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Should You File For Bankruptcy?
Jun 17, 2011
If you are able to repay your debts over a six month period, then bankruptcy filing would not be a good option. However, if after six months, you are continuing to struggle with debt, then I would cons...
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Will My House & Car Be Protected If I File Bankruptcy?
Jun 16, 2011
Depending upon how much equity or ownership you have in your house or car will determine whether or not you can keep your house or car when filing for Chapter 7 bankruptcy. The state of Illinois allows...
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