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
Read More
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
Read More
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
Read More
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
Read More
Could I declare money owed to attorney for divorce in bankruptcy?
Can you can discharge (eliminate) divorce attorney fees in bankruptcy? My answer: If it is for your attorney, generally yes, you can discharge it in bankruptcy. However, there are exceptions, for example, if the fees were ordered to be paid as a part of a
Read More
What Happens to My Cosigner’s Credit if I File Bankruptcy?
Many times, when people try to get credit for a car, house, or something else, they can’t get credit on their own. So, they get a family member or friend to cosign on the loan. But, if they cosign a loan for you, they are
Read More
Have Financial or Legal Questions? We’ll answer them!
There are so many websites which claim to help answer your legal questions. We have a firm that concentrates our practice on personal and small business finances, bankruptcy, and foreclosure defense. With over 20 years of legal experience, we can answer many of the questions
Read More
Surprising Ways to Save Money
Ever wonder how you can save money on some monthly expenses? One writer gives some “common sense” ideas on how to get some deals. Here’s an article with some good ideas! Some of the ideas seem like no-brainers. Using Generics, buying things on sale. But
Read More
FHA New Rules to Allow Some Buyers to Get Financing 1 Year After Foreclosure or Bankruptcy
If you are one of the many people who have suffered during the recession, and you had to let your house go into foreclosure or had to file bankruptcy, you may be able to finance a house sooner through the FHA. The new FHA guidelines
Read More
Small Change? Not Necessarily!
So what do you do with your pocket change at the end of the day? Here is a small tip to help you save some money. You just need some motivation to do something. Remember the old “vacation jar” idea? You won’t even feel it,
Read More
