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Blog Posts in August, 2011

Can You Re-File a Chapter 13 Bankruptcy After Dismissal?

A Chapter 13 bankruptcy case will generally last three to five years. A lot can happen in that time, especially for an individual who is attempting to deal with serious financial difficulties. In some ...
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11 USC Chapter 5

-CITE- 11 USC CHAPTER 5 - CREDITORS, THE DEBTOR, AND THE ESTATE 01/07/2011 -EXPCITE- TITLE 11 - BANKRUPTCY CHAPTER 5 - CREDITORS, THE DEBTOR, AND THE ESTATE -HEAD- CHAPTER 5 - CREDITORS, THE DEBTOR, ...
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Asset Protection In Your Bankruptcy Case

In 2005, Congress passed new laws making it more difficult for wealthy individuals to relocate and take advantage of another state's more liberal exemption laws in a Chapter 7 or Chapter 13 ...
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11 USC Chapter 3

-CITE- 11 USC CHAPTER 3 - CASE ADMINISTRATION 01/07/2011 -EXPCITE- TITLE 11 - BANKRUPTCY CHAPTER 3 - CASE ADMINISTRATION -HEAD- CHAPTER 3 - CASE ADMINISTRATION -MISC1- SUBCHAPTER I - COMMENCEMENT OF A ...
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11 USC Chapter 1

-CITE- 11 USC CHAPTER 1 - GENERAL PROVISIONS 01/07/2011 -EXPCITE- TITLE 11 - BANKRUPTCY CHAPTER 1 - GENERAL PROVISIONS -HEAD- CHAPTER 1 - GENERAL PROVISIONS -MISC1- Sec. 101. Definitions. 102. Rules ...
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11 USC Chapter 11

-CITE- 11 USC CHAPTER 11 - REORGANIZATION 01/07/2011 -EXPCITE- TITLE 11 - BANKRUPTCY CHAPTER 11 - REORGANIZATION -HEAD- CHAPTER 11 - REORGANIZATION -MISC1- SUBCHAPTER I - OFFICERS AND ADMINISTRATION ...
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11 USC Chapter 13

11 USC CHAPTER 13 - ADJUSTMENT OF DEBTS OF AN INDIVIDUAL WITH REGULAR INCOME 01/07/2011 -EXPCITE- TITLE 11 - BANKRUPTCY CHAPTER 13 - ADJUSTMENT OF DEBTS OF AN INDIVIDUAL WITH REGULAR INCOME -HEAD- ...
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11 USC Chapter 7

-CITE- 11 USC CHAPTER 7 - LIQUIDATION 01/07/2011 -EXPCITE- TITLE 11 - BANKRUPTCY CHAPTER 7 - LIQUIDATION -HEAD- CHAPTER 7 - LIQUIDATION -MISC1- SUBCHAPTER I - OFFICERS AND ADMINISTRATION Sec. 701. ...
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Tell Your Bankruptcy Lawyer About All Lawsuits!

Tell Your Bankruptcy Lawyer About All Lawsuits! Practically all Chapter 7 and Chapter 13 bankruptcy filers will tell their Chicago bankruptcy attorneys about cases in which they are defendants. ...
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Accepting or Rejecting Leases and Unperformed Contracts in Bankruptcy

Accepting or Rejecting Leases and Unperformed Contracts in Bankruptcy About half-way through your bankruptcy schedules you will discover "Schedule G - Executory Contracts and Unexpired ...
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What is Equity?

Equity is a very important term when discussing your personal assets. Generally, equity is the difference between the market value of an item and the amount of the claims against it. For instance, if ...
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How Bankruptcy Empowers

How Bankruptcy Empowers If you are struggling with debt, chances are you are feeling powerless. Collection agents are skilled at making you feel stressed and hopeless through embarrassing phone calls ...
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Renting As A Tenant After Bankruptcy

Renting a house or apartment after your Chapter 7 or Chapter 13 bankruptcy filing is very concerning to many of my clients. Most landlords will run a credit check during the application process, and a ...
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Can I Keep A Credit Card If I File Bankruptcy?

Many bankruptcy debtors need a credit card for work. Whether it is necessary for business purchases or travel, it is common for my clients to ask, "Can I keep one of my credit cards?" The ...
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What is a Bankruptcy Estate?

When you file either a Chapter 7 or Chapter 13 bankruptcy case, a " bankruptcy estate" is automatically created. The Bankruptcy Code defines the bankruptcy estate very broadly, and includes ...
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How Bankruptcy Affects Co-Signors

Clients are often pleased to learn about one of the bankruptcy law's most powerful protections: the automatic stay. When a bankruptcy case is filed, the debtor receives immediate protection from ...
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Why Should I Hire a Bankruptcy Attorney?

Why Should I Hire a Bankruptcy Attorney? Years ago, few attorneys specialized in any particular area of the law. These "general practitioners" handled criminal cases, family law matters, ...
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