O is for Objections in Bankruptcy

The next letter in the Bankruptcy Alphabet is O, which stands for Objections in Bankruptcy.  This is an important concept.  An objection is a lawsuit that someone else, usually a creditor who you owe, files in your case to contest your bankruptcy.  In some cases,
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Watch those court papers! Don’t go to jail!

In Illinois, there are a few ways a creditor can pressure a person to pay. If you ignore certain court papers, you could be arrested. Be sure to call an experienced bankruptcy attorney for advice. The attorneys at the Law Offices of Daniel J Winter
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Bankruptcy Alphabet- N is for No Assets

The next letter in the Bankruptcy Alphabet is N, for No Assets.  This is a very important concept in a bankruptcy case.  In a Chapter 7, or full bankruptcy, case, the goal is to eliminate debts. In return, you provide the court with a list
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Bankruptcy Alphabet – M is for Mortgage Modification

width=”300″ height=”189″ class=”alignnone size-full wp-image-2654″ />  The next letter in the Bankruptcy Alphabet, M stands for Mortgage Modification.  A Modification is a way that a mortgage company can voluntarily change your mortgage terms, such as the interest rate, length of time to repay the loan,
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Bankruptcy Alphabet- L is for Lien

The next concept in the Bankruptcy Alphabet is Lien.  What is a lien? Is it like “lean on me”? or  a lean cut of beef?  No, the legal term lien refers to a process that a debt collector can go through to be sure someone
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Bankruptcy Alphabet- K is for Keeping your House

The K in the Bankruptcy Alphabet stands for Keeping, as in keeping your house.  Most people who file for bankruptcy want to keep their house.  Even now, with house prices so much less than the balances owed on mortgages, people ideally want to keep their
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Bankruptcy Alphabet—I is for Intentions

You may ask, what do intentions have to do with Bankruptcy?  In every Chapter 7 bankruptcy case, you need to file a “Statement of Intentions” with the court.  This statement is to tell the court, and your creditors what you intend on doing with your
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Mortgage Foreclosure Settlement– What is in it for you?

Here is the latest summary of the “big” foreclosure settlement from the foreclosure abuses by the banks, robo-signing documents and creating fraudulent documents:  You may be entitled to some money (maybe $2,000.00) if your house was already foreclosed on.   If so, you’ll get some forms
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Can a Bankruptcy help me get my Drivers’ License Back?

Can a Bankruptcy help me get my Drivers’ License Back?  Your drivers’ license was suspended.  Is all hope lost??  NO!  In certain situations, a bankruptcy filing will help a person get their drivers’ license back.  You can get your license back if it was suspended
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