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YOUR FRIENDS LIE and 9 other things you should know when considering filing for bankruptcy
Filing for bankruptcy is a big step and should never be taken lightly. Regardless of what
Chapter you file or which attorney you use, the list below points out 10 things you should be thinking about before,...
DISCLAIMER: The information provided pertains to
Chapter 7 and
Chapter 13 consumer bankruptcy as it relates to this practice in Illinois. Bankruptcy law is promulgated by the federal government. Laws in Illinois are going to be similar (but not exactly the same) to laws anywhere in the country....
The developer of the Chicago Spire has found a way out of its bankruptcy. Atlas Apartment Holdings LLC has agreed to finance $
135 million toward its exit plan. Shelbourne North Water Street LP has been in
Chapter 11 reorganization since 2008.
Read more from Law360.com:
The developer of the...
1. Prevent foreclosure on your home
Filing for bankruptcy may not make the mortgage on your property go away. However, it will help you plan how to repay the amount that you are behind on. With this, you can properly organize your funds and deal with the more important problems first.
2....
If you are in financial distress, as many Americans are, contact a law office with over 50 years experience in Aurora IL to assist with getting you back on track. There are many things that can cause us to fall behind: a lost job, illness, death, divorce, student loans, and just hard times. So don’t...
Helpful Bankruptcy Articles and Information
5 Reasons People File Bankruptcy
Filing for bankruptcy may not make the mortgage on your property go away. However, it will help you plan how to repay the amount that you are behind on. With this, you can properly organize your funds and deal with the...
Notice for Child Support for Illinois only (PDF)
Notice for Child Support for all states
Proper Notice of IRS (PDF)
Useful Bankruptcy Links
General Bankruptcy Links
Related Organizations
Notice Links
Credit Report Links
ZAP Office Directory
Information Useful at Initial...
Understanding The Bankruptcy Process
In the United States, there are two types of bankruptcy for individuals. They are
Chapter 7 and
Chapter 13 which are detailed in the Bankruptcy Code.
When an individual declares
Chapter 7 bankruptcy, which is also known as a “straight bankruptcy,” all of the...
Northern District of Illinois District Court
Secretary of State
National Association of Consumer Bankruptcy Attorneys Website
American Bankruptcy Institute Website
U.S. Department of Justice Website
GreenPath Debt Solutions
American Bar Association
Illinois State Bar...
Helpful Bankruptcy Articles and Information
5 Reasons People File Bankruptcy
Filing for bankruptcy may not make the mortgage on your property go away. However, it will help you plan how to repay the amount that you are behind on. With this, you can properly organize your funds and deal with the...
