BankruptcyQuestionsNationalBankruptcyForum

Family Farmers and Family Fishermen can modify the loans on their primary residences in Chapter 12

07/31/11

You may have heard many times that the one thing that is untouchable in bankruptcy is the loan on the principal residence.  You cannot touch the mortgage, but you can cure it.  That is true for Chapter 13 and Chapter 11 but the exception is Chapter 12 where you can in fact modify the mortgage [...]

[more]

What Practicing Law Is Like For A Rockdale Bankruptcy Lawyer

07/30/11

Let’s talk about what the job of being a bankruptcy attorney is all about.  One of the things you’re going to find about being a bankruptcy attorney is the unbelievable ability to help people get out of a very stressful time in their life.  People are drowning in debt.  It could be the result of [...]

[more]

Maywood Bankruptcy Lawyer Discusses Paid Off Home And Filing Chapter 7

07/30/11

Let’s talk about the case of Miss Wright, who comes to us from Maywood, Illinois.  That’s Cook County, Illinois.  She has not filed a bankruptcy before.  She does have a single-family home in Maywood, which is paid for, which is going to cause a problem with a Chapter 7.  She has no vehicle.  She’s on [...]

[more]

Chicago Bankruptcy Attorney Suggests Chapter 13 For Debtor

07/30/11

Let’s review the case study for Mrs. Williams.  Miss Williams lives on Wells Street in Chicago.  She comes to us with no prior bankruptcy filings.  She’s interested in a Chapter 13 repayment plan.  Let’s see if that works for her.  She does not own any real estate, and she is currently living in a rental.  [...]

[more]

Advice From Plainfield Bankruptcy Lawyer

07/29/11

This is the bankruptcy case study for Miss Wilson.  Miss Wilson lives on Steamboat Circle in Plainfield, Illinois.  That’s Will County, Illinois.  She comes to us with no prior bankruptcy.  She’s interested in Chapter 7.  She does not own any real estate, and she’s not renting, so she’s living with family or friends.  She has [...]

[more]

Arlington Heights Bankruptcy Lawyer Would Recommend Chapter 7

07/29/11

This case study involves Miss Weiss.  Miss Weiss lives in Arlington Heights, Illinois.  She comes to us with a prior bankruptcy back in 2004, a Chapter 7 fresh start.  She owns no real estate.  She’s renting an apartment in Arlington Heights.  She’s got a 1998 Chevy Venture, which is paid in full.  It’s worth about [...]

[more]

Chicago Bankruptcy Lawyer Suggests Chapter 7

07/29/11

Let’s talk about Mrs. Wiley.  She lives on Loomis Avenue in Chicago.  That’s Cook County, Illinois.  No prior bankruptcy.  There is a single-family home involved worth $126,000.00, and she owes about $140,000.00, so no equity in that single-family home.  She’s not renting from anybody.  Nobody’s renting from her.  She has a 2007 Lexus IS 250 [...]

[more]

Chicago Bankruptcy Attorney Advises Mr. Winston

07/29/11

This is the bankruptcy case study for Mr. Winston.  Mr. Winston lives on Gladys Avenue in Chicago, Illinois, which is in Cook County, Illinois.  No prior bankruptcy.  He does own a single-family home worth approximately $150,000.00.  His balance on it is $52,000.00, so he has significant equity in his home, which means Chapter 7 is [...]

[more]

Highland Park Bankruptcy Attorney Gives Advice

07/29/11

This is the case study for Miss David.  Miss David lives in Highland Park, Illinois, which is in Lake County, Illinois.  There’s a home involved worth about $600,000.00 and two mortgages on it, one for $480,000.00 and one for $200,000.00, so negative equity.  So, so far we’re good on a Chapter 7.  In terms of [...]

[more]

The Top 7 Chapter 11 Bankruptcy Case Pleadings to Watch for Customers Plus Bonus Tips for Protecting Your Interests When a Company Files for Bankruptcy

07/29/11

Do you have an investment in a company that has recently filed for chapter 11 bankruptcy protection? Or are you researching a potential investment in a company that recently filed for chapter 11? Learn about how to follow these companies’ bankruptcy cases to protect your interests. To help, we’ve prepared the following presentation: The Top [...]

[more]