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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Archives for Bankruptcy and Foreclosure Questions and Answers
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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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
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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
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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
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When You File Bankruptcy, Who Will Know?
Even though bankruptcy is much more common than it was in the past, and people are more educated about their financial options, people still are concerned about who will know. Most people don’t want their friends and neighbors to know their financial business. Bankruptcy is
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What happens when you sign a reaffirmation of debt of a car loan?
Here is a question that was asked on AVVO.com: I signed a reaffirmation of debt for a car loan in front of the court trustee. The terms were changed from the original purchase, in my favor. The loan company has absolutely tried every angle not
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In Illinois- When does the property Title Actually Pass to the Lender- and When Will the Lender be Responsible for Association Dues?
Here is a question asked on AVVO.com: In Illinois foreclosure, when does my name get removed from the property deed? And therefore, my obligation to pay the HoA (Homeowners’ Association) fee’s is done? I have heard 2 things. 1) Not until the bank that foreclosed
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