I just received a memo from the United States Bankruptcy Court indicating that the filing fees for bankruptcy cases will be increasing effective June 1, 2014.<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;...
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Z is for Zero! Our last installment in our Bankruptcy alphabet series
Zero. That is how much unsecured debt remains after a chapter 7 or chapter 13 bankruptcy discharge.
You should be back on track now, debt free. There are a few exceptions. Student loans or educational debts do not discharge in bankruptcy. Some tax debt, unless paid in full could survive a chapter 7 bankruptcy. Child support, spousal support, alimony, or any other Domestic Support Obligations remain after bankruptcy...
Y is for You Did It! You got a bankruptcy discharge!
Y was a tough letter to find to post about for bankruptcy.Not many bankruptcy terms begin with the letter Y, there isn't much caselaw that starts with the letter Y.No Judge has a name that starts with a Y in ChicagoSo, I figure I'll sell the benefits of bankruptcy, with Y is for YOU DID IT!You completed the bankruptcy case. 3 months for chapter 7, and 3 to 5 years for most chapter 13 bankruptcy cases. So, now what?It is a good idea to check your credit report a few months...
X is for ….X-ray Bankruptcy Chicago
X. Not many words start with X, and even fewer are related to bankruptcy.
So, I'll keep this bankruptcy post short.
Bankruptcy court is located in the federal building in Chicago, IL . 219 S. Dearborn, Chicago, IL 60604 The Dirksen Federal Building. Bankruptcy section 341 meetings are held here too in Chicago.
You have to put your belongings through an X-Ray machine to get into the building. The metal detectors are sensitive too, so take off those belts, large watches,...
W is for Warrenville Illinois bankruptcy attorney office
Leeders & Associates has bankruptcy law offices that serve Chicago and the surrounding suburbs.
Our office at 27475 Ferry Rd Warrenville, IL 60555 serves our South and Southwestern suburban clients. This is located in the Americenters Office Suites just steps away from I-88 at the Winfield Rd....
V is for …. Valuation of assets in bankruptcy
With chapter 7 bankruptcy, putting a value on your assets is of utmost importance.Each state gives debtors limited exemptions to protect assets, so the proper value of your belongings is crucial. Now, in general, the trustee in your chapter 7 case is not interested in the small stuff like your spoons, your old tv from 1984 etc. The trustee is looking for assets of value that can be liquidated to pay your creditors, such as new electronics, collectibles - autographs, memorabilia, vehicles,...
Get your car back with a chapter 13 bankruptcy case!
I've posted a video about how I can get your car back with a chapter 13 bankruptcy case in the Chicago, Illinois area. Check it out. Terry
U is for Unsecured Debt in bankruptcy
Unsecured debt is the debt most debtors in bankruptcy are looking to discharge. This includes credit cards, medical bills, utility bills. It also covers repossessions, broken leases and foreclosure deficiencies.Tax debt and child support are also labeled as unsecured debts, but these take on different dischargability issues. Most unsecured debts are dischargeable in bankruptcy. The notable exceptions are domestic support obligations (DSO's) namely child support and...
Deeds and Homeowner Association Fees – Bankruptcy Home Blog
Deeds and Homeowner Association Fees - Bankruptcy Home Blog
Interesting fact pattern here. The spin I see is that the debtor files bankruptcy and 'surrenders' the home.
Many mistakenly believe discharging the mortgage means the house is no longer theirs. It still is, until the property is sold or goes thru foreclosure. The HOA or condo assessments incurred from the date of bankruptcy until then, are the debtor's responsibility since they owned the property!
The rule is to...