Hi. I am now offering free online strategy sessions for those who are considering filing for bankruptcy. There has been a surge of people who are now unemployed because of the Covid-19 outbreak, with more...
Covid 19/ Coronavirus and bankruptcy, how to preserve your resources
The Covid 19/Coronavirus outbreak has been upgraded to a pandemic. We have been ordered by the city and state to shelter in place. Schools, churches and many businesses have closed. Many are losing pay and...
2020 New Years Resolution – GET OUT OF DEBT
Are you tired of compounding interest?
Do your credit card balances seem to stay the same?
Are you missing payments and getting collection calls?
Now is a good time to draw the...
Fresh Start for the new year
Now that we are half way through summer, now is a good time to look to get a fresh start by the end of the year. Chapter 7 bankruptcy will take about 90 days to go thru the courts and get your discharge. ...
End driver’s license suspension from Chicago parking tickets with chapter 7 bankruptcy
You can get your license back with chapter 7 bankruptcy if it is suspended for non-payment of Chicago parking tickets.
Quick update regarding the post about...
You can now discharge Chicago parking tickets in a chapter 7 bankruptcy case.
Chicago parking tickets are now dischargeable in chapter 7 bankruptcy
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Bankruptcy – C is for Chapter
C is for Chapter
Chapter 7
Chapter 7 bankruptcy is the most common bankruptcy that people file. This is the chapter that gets rid of most consumer debts in about 90 days. Most credit cards, medical bills, repossessions,...
Bankruptcy – A is for Assets
A is for Assets
SCHEDULES
A debtor fills out the bankruptcy paperwork and forms when filing a bankruptcy case. These forms are the Bankruptcy Schedules. Bankruptcy schedules list all of the assets a debtor owns. These...
Tax returns – How to order tax returns from the IRS for your bankruptcy case
When you file a bankruptcy case, you have to submit the last 4 years of IRS tax returns to the trustee.
Do you save your old returns? If so, good. Experts say...
Could we see a shift to No Money Down Chapter 7 bankruptcy cases?
There is some talk that the bankruptcy code should allow debtor's attorneys to file chapter 7 cases for no money down. A recent Bloomberg Article discusses this
https://www.bna.com/legal-news-rss-n57982058758/
By Daniel Gill
A push to...