What to Expect…. In Bankruptcy Court! I’ve written many articles on how to be a good Client in a Bankruptcy case, and the documents you’ll need to have ready for your Attorney. Here is an update on exactly what to expect as a client, or
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Archives for Bankruptcy and Foreclosure Questions and Answers
How To Recover From Bankruptcy Filing- Rebuild Your Credit!
Almost everyone I talk to, when considering filing for Bankruptcy Protection, asks “How will this affect my Credit?” What they really want to know is, will they be able to get credit in the future? The answer is that Bankruptcy temporarily causes your credit score
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What is an Adversary Complaint in a Bankruptcy Case?
What is an Adversary Complaint in Bankruptcy? When a person files a Bankruptcy case, every company or person they owe is notified. In order to eliminate a debt, it’s only fair that those people or companies get a chance to find out that the person
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How Long Does a Chapter 7 Bankruptcy Case Last and How Does it Work?
This is a common question. If you have to file Chapter 7 Bankruptcy, you want the process completed quickly. The short answer is that from the filing of the case to discharge (completion and elimination of debts) is approximately 4 months. We will make it
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What happens to a Mortgage in a Chapter 7 Bankruptcy? Will I need to reaffirm that debt?
When you file for bankruptcy protection, you, as the Debtor, are required to list every debt you owe. That’s right, EVERY debt. Even if you want to keep paying the debt, the bankruptcy trustee, and the Bankruptcy Court, need to know which companies you owe.
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Will the Federal Bankruptcy Courts be Open during Shutdown?
Bankruptcy Courts are Open-Act Fast! On Friday, January 19, 2018, Congress could not pass a budget, or a temporary resolution to allow the government to keep running. So, we are now in a “government shutdown”. This doesn’t mean that every federal government agency is stopping,
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Listen to My Radio Interview-Aging Well in Chicago
It’s a pleasure when I can get the word out, and give practical advice on the financial challenges of middle age and beyond. When Jeff Bechar of ComforCare Chicago reached out to interview me for his new weekly radio show, “Aging Well in Chicago”, I
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Consumers—What to Look for in 2017
So, finally, the election is over. We can stop the endless focus on politics. Well, maybe not, but we can turn our attention to next year. What does the crystal ball look like? What can consumers, you and me, expect next year? Rising interest rates
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No, You Can’t Go to Jail for not paying a Debt! Don’t fall for the Scams!
I just answered a question on Avvo.com, where the person asked if they could be put in jail for not paying a payday loan. They said they don’t even remember taking a payday loan, but they got a call from someone saying they will go
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