discharge Archives - Chicago Bankruptcy Lawyer

Is an overpayment of Food Stamps an actual Domestic Support Obligation?

November 30, 2017domestic support obligation, DSO, food stamps, Judge Thornechapter 7, discharge, Judge ThorneTerrance Leeders

An overpayment of food stamps is not a domestic support obligation (DSO). Bankruptcy Judge Deborah L. Thorne from the Northern District of Illinois chimed in on this issue with her recent decision in Tyeane Halbert v. James T. Dimas, as...

Z is for Zero! Our last installment in our Bankruptcy alphabet series

January 16, 2014chapter 13, chapter 7, dischargeTerrance Leeders

Zero. That is how much unsecured debt remains after a chapter 7 or chapter 13 bankruptcy discharge.

You should be back on track now, debt free. There are a few exceptions. Student loans or educational debts do...

Y is for You Did It! You got a bankruptcy discharge!

January 13, 2014car loan, chapter 13, chapter 7, credit card, discharge, mortgageTerrance Leeders

Y was a tough letter to find to post about for bankruptcy.Not many bankruptcy terms begin with the letter Y, there isn't much caselaw that starts with the letter Y.No Judge has a name that starts with a Y in Chicago

So, I figure I'll...

D is for Discharge

June 26, 2012discharge2 CommentsTerrance Leeders

D. Choosing which topic for D was daunting. LOL, get it, D(aunting)? I Digress. I could have went with Debtor, Disposable Income, Domestic Support Obligations, Debtor Education Certificates among others. But, what do...

When can I file Bankruptcy again?

June 3, 2008discharge, previous chapter 7Terrance Leeders

Bankruptcy Law Question:

Subject: Filed as individual 3 years ago

Question:Hi. About 3 years ago I filed chapter 7 as an individual because I wasn't married. Now i'm married and unfortunately got myself into some more debt. Can I...

Selling home after bankruptcy

April 15, 2008dischargeTerrance Leeders

Subject: selling home Question: How long after I have been discharged can I sell my home Answer: Once you receive your discharge, you can sell at any time.If...

Rapid Fire Q&A

July 24, 2007amendment, avoid Bankruptcy, chapter 13, chapter 7, discharge, Divorce and Real Estate, FAQ, foreclosure, garnishment, Q and A, student loansTerrance Leeders

Here are a sampling of questions I have been getting regarding bankruptcy an bankruptcy process. If you would like further bankruptcy information, please contact my law office.

Judgment...

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Leeders Law

1 day ago

Are HSA accounts exempt in an Illinois Chapter 7 bankruptcy case? Unfortunately, there is no Federal or State bankruptcy exemption in Illinois to cover HSA -Health Savings Accounts. The Wildcard exemption ($4000 individual/$8000 joint) is available, but is often used for personal belongings, bank accounts and such. Disclaimer: This information is for general knowledge and guidance only and does not constitute legal advice. You should always consult with a qualified bankruptcy attorney for specific advice regarding your situation.Key Considerations:Consult with a Bankruptcy Attorney: Discuss your specific situation with an experienced bankruptcy attorney in Illinois. They can assess your individual circumstances and advise you on the best course of action to protect your assets, including your HSA.Understand Bankruptcy Laws: Familiarize yourself with the complexities of bankruptcy law, including exemptions and the potential impact on your HSA.I hope this information is helpful! ... See MoreSee Less

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Leeders Law

5 days ago

Feeling Overwhelmed by Debt?Bankruptcy may be a way to get a fresh start.Here's what we can do to help:Free Consultation: We'll review your situation and discuss your options.Experienced Attorneys: We've helped hundreds of clients find relief from debt.Personalized Approach: We'll work with you to create a plan that meets your needs.Don't wait any longer. Contact us today for a free consultation.Leeders Law 312-346-7400LeedersLaw.comDisclaimer: This information is not intended as legal advice. Please consult with an attorney for advice regarding your specific situation. ... See MoreSee Less

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Leeders Law

1 week ago

How to raise your credit score? Your credit score is a three-digit number that represents your creditworthiness. Lenders use your credit score to determine your interest rate on loans and credit cards. There are a few things you can do to raise your credit score:Pay your bills on time. This is the most important factor in determining your credit score. Make sure to pay all of your bills on time, every time. Keep your credit card balances low. The lower your credit card balances, the better your credit score will be.Don't apply for too much credit at once. Applying for too much credit at once can hurt your credit score.Get a secured credit card. A secured credit card is a type of credit card that is backed by a deposit. This can help you build your credit history.Become an authorized user on someone else's credit card. This can help you build your credit history, but only if the primary cardholder has a good credit history.If you are trying to raise your credit score, it is important to be patient. It can take time to see results. However, by following these tips, you can improve your credit score and get better interest rates on loans and credit cards.Additional TipsMonitor your credit report. You can get a free copy of your credit report from AnnualCreditReport.com. Review your credit report regularly for errors.Dispute any errors on your credit report. If you find any errors on your credit report, dispute them with the credit reporting agency.Consider credit counseling. A credit counselor can help you develop a plan to improve your credit score.Remember, raising your credit score takes time and effort. However, it is a worthwhile goal. By following these tips, you can improve your financial health and get better interest rates on loans and credit cards.Please note that this information is not intended to be financial advice. If you have any questions about raising your credit score, you should consult with a financial profe#leederslawl#bankruptcyb#creditscorer#freshstartf#DebtFreedome#debtfree #debtfree ... See MoreSee Less

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