I filed BK 7 in Chicago IL. Going to surender Chicago house I live in, that has Tennant w/Lease that expires in 2018. Options?

The bank can proceed with the foreclosure case and force the sale of the property. The lease will be terminated and the tenant can be evicted or...

Is the trustee correct and will he likely win, is this our best defense or is there another we should consider, read below.

Your wife may have a difficult case, if she received the funds directly from the mother in law. Whether the mother in law's debts were paid or...

I have a divorced friend who has questions about a lien on her property.

If the mortgage has not been paid in 2 years, the property should already be in foreclosure. If it is not in foreclosure, the property must have...

Is there any legal way to give the mortgagor incentive to accept a "cram down" of this "under water" 1st mortgage?

You can use Chapter 13 to "cramdown" the mortgage on your 3-unit property, provided that you use the property partially for business purposes. In...

Assuming the property is in Chicago, the best way to protect yourself is to comply with each and every Landlord requirement in the Chicago...

If the landlord owns the building, then it is an asset of the bankruptcy estate. The only way to determine whether the landlord is keeping the...

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Was my bankruptcy attorney negligent in not advising me of issues surrounding Surrender of real estate properties in my Chap 7?

What you describe is a common problem. A "surrender" in bankruptcy is merely a designation for bankruptcy purposes and does not in itself...

It sounds like you have a good case. The letter must be either served personally or sent certified mail to the last known address of the unit...

My father said he wanted to help me build my credit now he has gotten a house on my name without me knowing.

Unless you gave your father power of attorney, he would not have been able to obtain a mortgage in your name. It would have been necessary for him...

What is the probability that first and second mortgage both waive their rights to pursue a deficiency judgment?

In my experience, your chances are very good to get a release and satisfaction of those mortgages in a short sale. Your chances are best with the...