Illinois what is the procedure for a secured lien holder to repossess secured real estate rental after they were discharged in?: It's Illinois chapter 7 bankruptcy had several rental properties that the more the deeds were mortgaged to the properties received the chapter 7 discharge know that it releases me from the bank loan money part of it but what is it that the secured creditor has to do to take the property and is there a time limit and until they do whatever they're supposed to do can I continue to be landlord
Joseph’s answer:
To take back the properties, the mortgage lender needs to file a foreclosure lawsuit.
You own the property until the property has been sold through the foreclosure.
While you own the property, you can rent it and collect rent.
Joseph Wrobel
What can I do if my lawyer is dismissive & will not take responsibility for not communicating vital information?:
In 2020, I filed a Chapter 13 in Illinois with a bankruptcy attorney. Everything was filed & away we went with the plan- mthly payments, how taxes over a certain amount had to be paid to the trustee, etc.
I did everything diligently, correctly, on time, & kept every record of every email, payment, etc. Fast forward to Oct. 2023- I inquire to my attorney about the balance due according to the plan- the ONLY plan I ever had from the start. Asking him to verify my log of payments with his. I was almost done paying it off. Never at any time since 2020 did my lawyer ever communicate ANY information whatsoever about the balance until I inquired. Then he tells me- with no documentation or evidence or information whatsoever- but in a written email that I still owe “around $2400 still- but good job so far- keep paying & I’ll let you know when to stop.” I replied asking repeatedly how could this be? Why have I never been informed? Inside of over 3yrs. - no mention at all the balance changed? How would I have known this? Isn’t it his job as lawyer to communicate? I’m still unaware of this number after endless inquiries. I’ve paid off original plan amount-Dec. 2024.
What can I do?
Joseph’s answer:
sign up with the National Date Center
https://www.ndc.org/home
You can look up your case; you will need to know your Trustee and your case number.
You will be able to see the claims that were filed and what has been paid and what is still owed.
Please be advised that the advice to you herein does NOT establish an attorney client relationship and that our firm does NOT represent you in any Bankruptcy matter.
I hope this helps.
Joseph Wrobel
[email protected]
My only income is ssi so how can I build credit?:
My credit score is 540 and stagnant.
I have several accounts that I owe money for and I can't afford to pay them. What can I do?
Joseph’s answer:
Depending upon the assets you own, particularly real estate, you may be eligible to file a Chapter 7
Bankruptcy to eliminate your debts....depending upon the type of debt. Realistically, building credit at such a low level of income may not be possible. However, you are probably judgment proof, meaning
creditors can never collect from you, even if you are sued; so a Bankruptcy may not be necessary.
The best thing you can do for yourself is to have a consultation with local, experienced bankruptcy attorney.
I hope this have been of help to you.
Joseph Wrobel