This is a very common problem for people who are divorced and one of the spouses was tasked with responsibility for a joint debt or debt of the...

I filed for a Chapter 7, 2 years ago when I lost my job. I now need to do a Chapter 13 for sttudent loans. I understand from

Student loans are generally not dischargeable in bankruptcy. There is an exception if the debtor can show that not discharging the student loan...

I have a question about Chapter 13

This is pretty common. When a chapter 13 plan is proposed (and eventually confirmed), the percentage of money general unsecured creditors will...

Do personal judgements resulting from personal guarantees of business loans get "wiped out" in a chapter 13 banruptcy?

Generally, personal guarantees of business debts may be discharged in both chapter 7 and chapter 13 bankruptcies. As the previous contributors...

Want to file chapter 13 in early 2013 feb-April but want to retain tax refund for 2012 tax year to be filed soon,Chicago il.

There are many reasons why someone may file a chapter 13 bankruptcy. Having a household income over the median in your area is one reason. Still,...

How much(ballpark)will a chapter 7 cost if me and my husband qualify in Illinois? can we file online, do we need lawyer to file?

Yes, you should hire a lawyer. Let's assume that you qualify to file a chapter 7. Chapter 7 attorney fees vary wildly in Chicago. Based on the...

If filing a Ch 7 must I report that I have a time share?

Yes. All assets must be disclosed on your bankruptcy petition.

WIll the trustee get our tax refund for 2010 if we filed our bankruptcy in October 24, 2011?

Your 2010 refunds are property of the bankruptcy estate and are no longer in your control. The trustee will be entitled to any non-exempt portion...

How long does it take to foreclose after Chapter 7 bankruptcy in Illinois?

Your lawyer's advice sounds about right to me. There's no exact science with this.

I have file a chapter 7 bankruptcy and have completed my meeting of the creditors. Can I buy a new car with an open bankruptcy?

You can buy a car while your bankruptcy is pending. Some car dealers are willing to extend credit to chapter 7 filers if they have completed their...