In a Chapter 7 bankruptcy, people are able to discharge much of their debt and start fresh with a clean financial slate. There are some expenses, such as school debt and child support, that can not be wiped free from the list of owed debts. Other expenses that are not eligible for discharge include penalties and fines […]
If you are behind in making payments on your mortgage, vehicle loans, credit cards, medical expenses or other types of loans, you may have received phone calls, texts and/or emails from creditors. In an attempt to reclaim owed funds or replace missing payments, creditors may take action by garnishing your paycheck. While it may be […]
Whether you have filed for Chapter 11 bankruptcy on your own merit or your creditors have submitted a petition for bankruptcy on your behalf, you may be wondering what the process entails. If you are going to file for bankruptcy in Illinois, you will need to submit several documents. This includes a list of all […]
Filing for Chapter 7 bankruptcy can be a complicated and emotional process, especially when you are faced with decisions that may seem overwhelming. Although people who file for this type of bankruptcy are able to wipe out much of their debt, they run the risk of having some of their property and/or possessions reclaimed by […]
Bankruptcy is designed to help people, who have been overwhelmed by debt, manage their financial burdens. In some cases, debtors can emerge from bankruptcy with a clean financial slate. Some people, however, may be unable to afford the cost of bankruptcy itself. The truth is, filing for bankruptcy can be pricy, and the cost may […]
While you may have considered filing for Chapter 7 bankruptcy as a way to wipe out some of your extensive debt, not all people are eligible for this form of debt relief. We know that in order to qualify for this chapter of bankruptcy, Illinois debtors must meet certain criteria. According to U.S. Courts, you […]
It is supposed to be a book of information designed to help those who need medical care find the right professional. Not only does it have a list of medical providers and their contact information, but the list is supposed to include those who are covered within your insurance. The whole point is to eliminate […]
Medical bills can be astronomical. This is true whether the care involves out-patient care or more serious, emergency situations. This reality was recently discussed in a piece by the Associated Press. The story involves a man that required urgent care. The only way to get the treatment he needed was to receive transportation through the […]
U.S. bankruptcy law has a number of interesting and complex rules that determine exactly which debts can be fully discharged, and which are exempt from discharge. These also help to identify the shades of gray that come in when there are items that may only be discharged under certain circumstances. These myths help to fuel […]
Chicago is known for many things, and a thriving corporate climate is certainly one of them. The city is home to major international corporations as well as many local companies. According to World Business Chicago, several factors indicate that businesses in Chicago are continuing to grow, but there are still many others that face financial struggles and […]