Archived
Can you file Ch 7 bankruptcy without also filing for an S corp that you own, when most of S corp debts are guaranteed by you?
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Answered on June 08, 2010
You can file a personal bankruptcy at a different time than the business bankruptcy. I.E. many of our clients will first file a personal...
Archived
I have multiple pay day loans...One started at 400.00 but now they tell me with fees it is over 2000.00 am Iiable for fees too
Marc's answer
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Answered on May 26, 2010
Yes, the Contract would control and you are liable per the contract. The APR on a payday loan can be up to 600% in Illinois as there are no usury...
Archived
Means testing and income
Marc's answer
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Answered on May 24, 2010
The question is very difficult to nail down because there are very few opinions on the issue around the country of what a member of the household...
Archived
What do you do if a lawyer has to reimburse you, and you haven't gone the money yet?
Marc's answer
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Answered on May 20, 2010
If the person did not respond to the Citation to discover Assets and was held in contempt I would file a memorandum of judgment. Then take the...
Archived
Our home was discharged in bk 2008. If the bank forecloses or we do a DIL will that effect our credit?
Marc's answer
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Answered on May 20, 2010
If the mortgage was not reaffirmed and you default on payments the bank can only against the property In Rem (against the property only) and not In...
Archived
Bankruptcy Lawyer Consultation Needed
Marc's answer
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Answered on May 20, 2010
Almost all bankruptcy attorneys including our office offer free consultations. The fee will vary on how complicated a case is. Nevertheless, you...
Archived
Potential Bankruptcy
Marc's answer
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Answered on May 20, 2010
Your question cannot be answered without knowing what the civil trial is regarding. Your attorney who represents you in the civil trial may be...
Archived
Do you have to pay interest on a vehicle that you voluntarily surrendered and paying the deficiency calculation on?
Marc's answer
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Answered on May 17, 2010
Yes, the note for the vehicle will control and you will pay interest on the note. Since the debt is significant you should consider bankruptcy as...
Archived
Is it really risky to file Chapter 7 Bankruptcy without a Lawyer?
Marc's answer
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Answered on May 12, 2010
If you have any money or property you are taking a major risk. If you don't have money or property then it is still a risk because the law is much...
Archived
What options do I have about car payments when my ex boyfriend agreed to pay for the car?
Marc's answer
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Answered on May 12, 2010
First when you co-sign a debt the creditor has both of you on the hook. You are joint and severally liable on the debt meaning that the creditor...
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