Divorce and Real Estate Archives - Cook County Bankruptcy

Rapid Fire Q&A

July 24, 2007amendment, avoid Bankruptcy, chapter 13, chapter 7, discharge, Divorce and Real Estate, FAQ, foreclosure, garnishment, Q and A, student loansTerrance Leeders

Here are a sampling of questions I have been getting regarding bankruptcy an bankruptcy process. If you would like further bankruptcy information, please contact my law office.

Judgment
Q:
If a Judgment was won against you for a security bond and you file bankruptcy with no real property or income, can that judgment be included in the bankruptcy?
A:
I am not totally familiar with a 'security...

Arlington Heights, Illinois Law Office

April 25, 2007agent, Divorce and Real Estate, mortgage broker, real estate brokerLeave a commentTerrance Leeders

Greetings. I just wanted to announce that we are now open for business in Arlington Heights, IL. We have a part time weekend office at Arlington Heights Rd. Ste. 113 Arlington Heights, IL 60005 Map and driving directionsWe have struck a deal with Platinum Financial Mortgage Corporation They will be happy to help place you in a mortgage for the home of your dreams. Our firm handles real estate transactions - from home buyers to commercial property deals.We have also teamed with a real...

Divorce, bankruptcy and real estate

January 31, 2007Bankruptcy, Divorce and Real EstateTerrance Leeders

Divorce.
Bankruptcy.
Real Estate.

These 3 areas of law are often intertwined.
Yes, it's true, my office handles all three practice areas.
But for each client, these issues all come together. Divorce clients, who have racked up the debt before splitting apart often file bankruptcy to relieve the pressure & stress that the debts cause on top of their already stressful lives. Bankruptcy eliminates the unsecured debt for each party, thereby helping each party to truely get the fresh...

Leeders Law

3 months ago

Thinking about bankruptcy in Illinois? If you and your spouse own your home as tenants by the entirety, it could offer significant protection. This type of ownership generally shields your home from creditors if only one spouse files for bankruptcy. However, there are exceptions and complexities. Don't leave your home's fate to chance! Consult with a qualified bankruptcy attorney to understand your#bankruptcyb#realestater#tenancybytheentiretyh#Illinois #HomeProtectionP#bankruptcyb#Exemptionse#leederslawleederslaw ... See MoreSee Less

Photo

View on Facebook

Leeders Law

3 months ago

Can you discharge income tax debt in bankruptcy? The answer isn't always simple. Some income taxes may be dischargeable, while others are not. Factors like the age of the tax debt and whether returns were filed play a role. Want to learn more about how bankruptcy could impact your tax obligations? Contact a bankruptcy attorney for a consultat#bankruptcyu#taxest#incometaxm#DebtReliefel#askalawyera#bankruptcydischargeh#leederslawrslaw ... See MoreSee Less

Photo

View on Facebook

Leeders Law

3 months ago

Stop using credit cards if you are trying to get out of debt. Compounding interest is a powerful force that can work in your favor or against you. When it comes to credit card debt, compounding interest can be a major problem.Here's how it works:The Basics: When you make a purchase with a credit card, you're essentially borrowing money from the credit card company. The interest rate on your credit card is the cost of borrowing that money.Compounding: If you don't pay off your entire balance each month, the interest on your debt will start to compound. This means that you'll be charged interest on not only your original balance, but also on the interest that you've already accrued.The Spiral: The longer you carry a balance on your credit card, the more interest you'll pay. This can quickly lead to a situation where you're paying more in interest than you are in actual purchases.Here are some of the dangers of compounding interest on credit card debt:It can make it difficult to pay off your debt. The more interest you pay, the less money you have available to pay down your principal balance. This can make it seem like you're never going to get out of debt.It can damage your credit score. A high credit card balance can negatively impact your credit score, making it more difficult to get approved for loans in the future.It can lead to financial stress. Dealing with credit card debt can be a major source of stress and anxiety.If you're struggling with credit card debt, there are a few things you can do:Make a budget. This will help you track your spending and identify areas where you can cut back.Create a debt repayment plan. This could involve consolidating your debt into a lower-interest loan or using the debt snowball method.Talk to a financial advisor. A financial advisor can help you develop a plan to get out of debt and improve your financial situation.File a bankruptcy to get a fres#bankruptcya#creditcarddebto#interest-#chapter7a#leederslawreditcarddebt #interest #chapter7 #leederslaw ... See MoreSee Less

View on Facebook

Cook County Bankruptcy – Leeders Law

Subscribe and Follow

Divorce and Real Estate

Rapid Fire Q&A

Arlington Heights, Illinois Law Office

Divorce, bankruptcy and real estate