Can I keep my home in bankruptcy?

February 23, 2023chapter 13 bankruptcy, chapter 7 bankruptcy, Homestead exemption, housechapter 13 bankruptcy, Chapter 7 bankruptcy, homestead exemptionTerrance Leeders

Can I keep my home in bankruptcy? The good news is that there are several options available to help you keep your home in bankruptcy.

Fresh Start After Bankruptcy

February 9, 2023after bankruptcy, chapter 13 bankruptcy, chapter 7 bankruptcy, fresh start, Leeders LawAfter bankruptcyTerrance Leeders

Get a fresh start after bankruptcy. By taking the right steps and working hard to rebuild your credit, you can regain financial stability and achieve your long-term financial goals.

How a Chapter 7 bankruptcy works

February 7, 2023chapter 7, chapter 7 bankruptcy, Leeders Lawbankruptcy attorney, chapter 7, chicago bankruptcy, Leeders Law2 CommentsTerrance Leeders

How a chapter 7 bankruptcy case works

Are you considering filing for Chapter 7 bankruptcy but don’t know where to start? We’ve got you covered. Not only can...

Bankruptcy filings expected to increase – FALL 2020

August 17, 2020CARES Act, chapter 13 bankruptcy, chapter 7 bankruptcy, Covid 19, CPS, unemploymentBankruptcy, chapter 13 bankruptcy, Chapter 7 bankruptcy, chicago bankruptcy, city of chicago, Covid-19, CPS, evictionTerrance Leeders

I anticipate an uptick in bankruptcy business because Chicago Public Schools and many suburban schools are not doing in-person learning. Working parents will have to stay home or hire full time daycare to...

New Bankruptcy Benefits With the COVID-19 Coronavirus CARES Act Stimulus

April 2, 2020CARES Act, chapter 13 bankruptcy, chapter 7 bankruptcy, Coronavirus, Covid 19, free phone and video consultationsUncategorizedTerrance Leeders

Millions of Americans are being affected by the Covid-19 Coronavirus. Many are losing their jobs and are turning to unemployment. Many are starting to fall behind on their mortgage or rent. Let's...

Leeders Law

2 months ago

Thinking about bankruptcy in Illinois? If you and your spouse own your home as tenants by the entirety, it could offer significant protection. This type of ownership generally shields your home from creditors if only one spouse files for bankruptcy. However, there are exceptions and complexities. Don't leave your home's fate to chance! Consult with a qualified bankruptcy attorney to understand your#bankruptcyb#realestater#tenancybytheentiretyh#Illinois #HomeProtectionP#bankruptcyb#Exemptionse#leederslawleederslaw ... See MoreSee Less

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Leeders Law

2 months ago

Can you discharge income tax debt in bankruptcy? The answer isn't always simple. Some income taxes may be dischargeable, while others are not. Factors like the age of the tax debt and whether returns were filed play a role. Want to learn more about how bankruptcy could impact your tax obligations? Contact a bankruptcy attorney for a consultat#bankruptcyu#taxest#incometaxm#DebtReliefel#askalawyera#bankruptcydischargeh#leederslawrslaw ... See MoreSee Less

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Leeders Law

2 months ago

Stop using credit cards if you are trying to get out of debt. Compounding interest is a powerful force that can work in your favor or against you. When it comes to credit card debt, compounding interest can be a major problem.Here's how it works:The Basics: When you make a purchase with a credit card, you're essentially borrowing money from the credit card company. The interest rate on your credit card is the cost of borrowing that money.Compounding: If you don't pay off your entire balance each month, the interest on your debt will start to compound. This means that you'll be charged interest on not only your original balance, but also on the interest that you've already accrued.The Spiral: The longer you carry a balance on your credit card, the more interest you'll pay. This can quickly lead to a situation where you're paying more in interest than you are in actual purchases.Here are some of the dangers of compounding interest on credit card debt:It can make it difficult to pay off your debt. The more interest you pay, the less money you have available to pay down your principal balance. This can make it seem like you're never going to get out of debt.It can damage your credit score. A high credit card balance can negatively impact your credit score, making it more difficult to get approved for loans in the future.It can lead to financial stress. Dealing with credit card debt can be a major source of stress and anxiety.If you're struggling with credit card debt, there are a few things you can do:Make a budget. This will help you track your spending and identify areas where you can cut back.Create a debt repayment plan. This could involve consolidating your debt into a lower-interest loan or using the debt snowball method.Talk to a financial advisor. A financial advisor can help you develop a plan to get out of debt and improve your financial situation.File a bankruptcy to get a fres#bankruptcya#creditcarddebto#interest-#chapter7a#leederslawreditcarddebt #interest #chapter7 #leederslaw ... See MoreSee Less

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chapter 7 bankruptcy

Can I keep my home in bankruptcy?

Fresh Start After Bankruptcy

How a Chapter 7 bankruptcy works

How a chapter 7 bankruptcy case works

Bankruptcy filings expected to increase – FALL 2020

New Bankruptcy Benefits With the COVID-19 Coronavirus CARES Act Stimulus