As part of the Bankruptcy Reform act of 2005, every person filing bankruptcy has to complete a “Means Test”. The means test uses figures from the IRS as to median incomes throughout the US. The figures are updated so that, as of November 15, 2013,
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What to do if you are in Foreclosure and your Real Estate Taxes are behind?
This question about foreclosure and property taxes came in recently. The person asking the question said later that they wanted to keep the house. So Generally, I laid out the options when facing foreclosure. Here is the question: We haven’t paid our property taxes for
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Refiling a Chapter 13- Choosing the Right Attorney is Important!
Here is another very important question from AVVO.com. The client wants to file a new Chapter 13, but the attorney won’t call back or respond. And, to top it off, the client’s car is about to get repossessed. It is very important that you choose
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Guaranteed Business Loan and Business Fails–Is Bankruptcy an Option? Will I still be able to protect my House?
This question came in on AVVO.com, and is important. I see many business owners struggling with the same types of problems. You can see that the details are complicated, and this person definitely needs legal help to untangle it. I rephrased it for the Headline,
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Liablity for Home Maintenence and City Fines After Bankruptcy
Another question posed on Avvo.com Five years ago i filled for bankruptcy and in the process i gave up my home because i could no longer pay the mortgage. I am not getting letters from the city with fines for grass exceeding the city requirements.
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How Can you Tell if your Property is being Foreclosed on?
Here is the question from Avvo.com Property foreclosed? My mom called me and said she received a phone call from an attorney telling her that her house was being foreclosed on. How can she verify that information if her home is being foreclosed? She said
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How To Find a Lawyer you can Trust and Will Work With You on Fees?
Here’s the question from Avvo.com: How do I find a lawyer i can trust and who will work with me on fees? I had a horrible experience with my divorce atty and i’m now in need of professional help regarding bankruptcy/foreclosure and i’m worried not
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Do I have to pay Income Taxes on Debts Discharged in Bankruptcy?
Here’s a question posed on Avvo.com: I was granted a chapter 7 bankruptcy in April what tax ramifications can I expect in IL? I want to know if I will have to pay taxes on the discharged amount? Also I just got a deed in
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Should I Refinance a Cross-collateralized Vehicle Before Filing Bankruptcy to get a Better Deal?
Here’s the actual question from AVVO.com: Can I refinance my car loan RIGHT BEFORE i file for a Chapter 7 BK to get a better % and shorter loan terms? Would refinancing my vehicle RIGHT BEFORE i file for bankruptcy (Cht 7) cause any issues
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How common are deficiency judgments on primary residences in Cook county illinois?
Here is an important question: Our home was sold just a few days ago. We are trying to see whether we should be anticipating a deficiency judgement. From what I’ve gathered deficiency judgments are not being pursued on primary residences. How true is this? and
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