Here is another good question: I’m 24, should I file Bankruptcy I have more debt than I can even keep straight. I have a car due for repossession. I have city tickets to pay. There are countless debts. I need to know if it is
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Can creditors go after a veterans disability check?
Here is another great question that came in recently: Can creditors go after a VA disability check? Generally, certain types of income are protected or “exempt” from bill collectors, such as social security and disability payments. Each state’s exemptions are a bit different, In Illinois,
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New Credit Scoring- Help for Borrrowers After Bankruptcy?
Many people are trying to recover from negative, or lack of credit history, from events like Bankruptcy, foreclosure, and divorce. Almost everything in the credit industry, that is, qualifying for home loans and car loans, is geared towards people who “have” lots of credit. That
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5 Bills to Be Sure to Pay if You Run Short of Money Each Month
Sometimes, when I see people, they are already in “survival mode”. They have cut all of the unnecessary expenses, such as landline phone, cable TV, newspaper subscriptions, etc. But, when your hours are cut, or you have extreme medical bills, or are laid off, you
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Should You File a Chapter 13 Before or After you Get your Tax Refund?
Here is the question from AVVO.com” Filing Chapter 13, should we file before year end or wait until we get our tax return (money from refund)? Husband and I are filing Chapter 13, just have been trying to save up for lawyer. As we are
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Can a Second Mortgage Holder Foreclose on Your House in Illinois?
Here is the Question from Avvo.com: I am current on my first mortgage with Chase, my taxes are current. My 2nd mortgage with OCWEN is in default can they foreclose? My 1st mortgage 406,000 My 2nd mortgage 60,000 Our current home value 362,000. My Answer:
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As an authorized third party on a home mortgage, can I file a Bankruptcy and include the lender in the schedules?
Here is another question asked on AVVO.com about co-borrowers, mortgages and bankruptcy: As an authorized third party on a home mortgage, can I file a b/k and include the lender in the schedules? The house is in foreclosure, the original borrower is deceased and the
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Are Second Mortgages Discharged in Chapter 7 Bankruptcy?
Here is another important question: Are second mortgages usually discharged in chapter 7 bks? Our bk was discharged in 2011. I was checking our credit report that shows that our two second mortages were discharged at that time. We have been paying both mortgages since
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Legal Guide to Bankruptcy Attorneys’ Fees in Illinois
In times where people are in financial trouble, and looking for a lawyer, they, understandably, are concerned about how much a bankruptcy case will cost. This guide will explain generally, what to expect when you see an attorney for bankruptcy . This applies to Bankruptcy
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Is it Necessary to Reaffirm your Mortgage in Chapter 7 Bankruptcy to Refinance Later? No!
Here is a common question: How can we file a reaffirmation for our mortgage? We filed for bankruptcy 7 a couple of years ago, but we did not include our mortgage. We ran our credit and we realized that our Mortgage payments were not appearing
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