Blog Posts in May, 2012

  • Do you wait until creditors are hounding you before calling a bankruptcy lawyer? Do you call for legal help at the first sign of trouble? When exactly is the right time to start look at bankruptcy as a viable financial strategy that can help you sustain your assets and move forward into the future. Bankruptcy and Unemployment Job loss is one of the biggest reasons that many Americans make the ...
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  • One of the biggest fears that people have when they contact a bankruptcy attorney is the issue of their credit rating after declaring bankruptcy. In fact it is a main reason that people refuse to file for bankruptcy even when faced with a mountain of debt. If you are unable to meet your financial obligations you may find yourself slipping into the downward spiral of debt, creditors knocking at ...
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  • There are a number of essentials that you need to know about bankruptcy that will help you make a wise decision about using a Chicago bankruptcy attorney in your fight for financial freedom. The first is that bankruptcy is NOT a four letter word! While it might seem to be a drastic step to take; in actual fact it could be one of the most important and prudent financial decisions that you ever ...
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  • If you are considering filing for bankruptcy in Illinois, you will have to establish both your eligibility for bankruptcy and which type of bankruptcy that you can apply for. This is why it is vital to consult with a Chicago bankruptcy attorney. The bankruptcy means test is used across the state of Illinois to determine whether or not you qualify for a Chapter 7 or a Chapter 13 bankruptcy. Your ...
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  • If your Chicago bankruptcy lawyer was to ask if whether or not you could afford to file bankruptcy, you might think it was a trick question. After all, bankruptcy is a tool for those who are financially insolvent and can't afford to resolve their debts. While bankruptcy is designed to help those in financial hardship, not everyone can afford to file. How Much Does Bankruptcy in Illinois Cost? ...
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  • The biggest question asked by people in Illinois when they meet a bankruptcy attorney is if they can also claim their back taxes. When you file a Chapter 13 Bankruptcy you may repay any IRS tax amount owed through your Chapter 13 payment plan. This is why it is tremendously important to use a bankruptcy attorney to guide you through the process. The IRS Payment Plan and Discharging Taxes in ...
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  • There are numerous reasons to consider consulting a bankruptcy attorney. As we all know unexpected events occur and disrupt our lives without rhyme or reason. Generally these unforeseen events start a destructive financial cycle which could end in bankruptcy. Consulting with a Chicago bankruptcy attorney is the first step in stopping the cycle and facing the future financially free of crippling ...
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  • Is there any ‘right time’ to file for bankruptcy in Chicago? Anyone who has ever had a lot of debt knows how draining it can be. Not just financially, but mentally and physically draining as well. Between trying to make minimum payments, avoid debt collectors and worrying about losing vehicles, their home, or any other property, people in debt have a lot on their plate. Most people ...
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  • Facing foreclosure and the possibility of losing your home is one of the most difficult and stressful events that you ever have to deal with. Consult with a reputable Chicago bankruptcy lawyer as soon as you are able to get expert legal advice on foreclosure and bankruptcy and the option available to you. If you are dealing with the threat, or the actuality of foreclosure, then you will need to ...
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  • Here's a link to the article. Although is doesn't appear the Congress is going to do much for most of the student loan debt that people have, it looks like some relief amy be around the corner for private student loans: http://online.wsj.com/article/SB10001424052702303978104577364120264435092.html?mod=WSJ_WSJ_US_News_5
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