Fall is not just a time for changing of the seasons, with the leaves falling off of the trees. It’s also a time that the figures for the State Median incomes change. When you file for Bankruptcy, you are required to have your attorney fill
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Increase in bankruptcy court fees
According to a National Association of Consumer Bankruptcy Attorneys email: The Judicial Conference of the United States adopted a new court fee schedule on September 13, which will become effective November 1, 2011. The revenue generated by the fee change will go into the Judiciary’s
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Can I Keep My Workers Compensation in Bankruptcy?
Generally yes, in Illinois. There are certain rules called exemptions in each state, that allows people who file bankruptcy to protect certain things, like a set amount of equity in houses, cars, and household goods, among other things. Illinois law allows people to protect settlements
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Top Five Reasons Loan Modifications are so Rarely Given
Top Five Reasons Loan Modifications are so Rarely Given 5.. The banks and lenders don’t care: The banks will announce in their ads that they are on your side. They really are not. They are on their side. They have procedures in place, and a
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How to “Walk Away” from a House in Bankruptcy
We’ve all heard about people just “walking away” from their houses with the way the housing market has been lately. I wrote an article about the pitfalls of the “strategic defaults” so many people have been writing about. If a person decides that the house
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I voluntarily surrendered my car. They sold it at auction. Why are they suing me for the balance?
The short answer is that you signed a contract to pay for a loan, and you are responsible regardless of whether you have the car or not. You agreed to be personally responsible for the balance on the loan when you signed the loan documents
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Top 5 Reasons You Should NOT Withdraw Money From Your Retirement Account to Pay off Debt
Top 5 Reasons You Should Not Withdraw Money From Your retirement Account To Pay Off Debt Many people think that they can bail themselves out of trouble by getting out of a short-term crisis and borrowing from their retirement account, or cashing it in. Many
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Can You Eliminate Parking Tickets in Bankruptcy?
Q: Can I get rid of my parking tickets in a bankruptcy? A: It depends on the type of bankruptcy case you are filing. There are two kinds of bankruptcy cases that a person can file, Chapter 7 (debt elimination) and Chapter 13 (debt consolidation).
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Countrywide Customers to Get Settlement from Overcharges
Courts are taking note- the lenders have been overcharging customers once they are in default or foreclosure and have filed improper claims in bankruptcy– you may be getting money back. The important thing is that courts are paying attention! We review each bankruptcy claim to
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Does my spouse need to file Chapter 7 or Chapter 13 Bankruptcy, and, if he/she doesn’t file bankruptcy, do I still need to provide information about their income?
Generally, in Illinois, when you are married, the debts your incur together with your husband or wife are debts that both of you are responsible for. The Illinois Family Expense act says that debts incurred for the welfare of the family are the responsibility of
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