Chicago Bankruptcy Lawyer
Zero. That is how much unsecured debt remains after a chapter 7 or chapter 13 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...
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,...
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
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...
Hi All. I was recently interviewed for an article by BankruptcyHome.com. I have enclosed a link to their article. If anyone as has any further questions, feel free to contact me at Leederslaw.com, or call me at 312-346-7400. I'm happy to help any consumer or small business debtors file for bankruptcy relief, and as always, we offer free consultations for Bankruptcy.http://www.bankruptcyhome.com/attorney-interviews/terrance-leeders
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R is for Repossession
I would estimate that over half, if not 75% of my clients have had a repossession in the past, many with 2 or even 3 of them. Chapter 7 is a great tool to wipe those debts out and get a fresh start. But, if it just happened, and you want your car back?? I can get it back for you!! Generally in Illinois you get 21 days from the date of the repossession to file a Chapter 13 bankruptcy. This will allow you to get the vehicle back!...
Bankruptcy cases are filed electronically.Our office has the capability to file cases quickly for those emergency cases, like to stop an imminent foreclosure sale, or to get a car back that was recently repossessed. This is done utilizing Chapter 13 bankruptcy. We just need a few pieces of information, you will need to take your credit counseling class, and we are set. We'll pull your credit reports. Contact us today if you need a quick bankruptcy filing! Our website...
Ah, a bit of self promoting here!. My name is Terry Leeders, a consumer bankruptcy attorney who practices law in Chicago and the surrounding suburbs.
I've been in practice since 1998, and have focused on bankruptcy law from the start. I grew up in and around Chicago, and live here with my wife and newborn son. I went to Thomas M. Cooley Law School and the University of Illinois Champaign-Urbana for undergraduate...