Chapter 7 Bankruptcy

Guns: The Most “Overlooked” or Missing Asset in Bankruptcy ?

07/25/12

One of the major problems that we face in assisting folks in filing bankruptcy, especially here in Kentucky, is making sure that all guns and related equipment that they own, are listed as assets. Guns and related items, including hunting equipment, are one of the most common recreational items that Kentuckians possess.  The love of the [...]

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Chicago Bankruptcy Attorney Answers 3 Often Asked Questions

07/17/12

1. Will I ever get credit cards again? Absolutely, you will have the opportunity to get credit cards again.  But a debtor who has just filed for bankruptcy should be very wary of falling into another bad deal with high interest rates, high yearly maintenance fees and the like.  A credit card company will look at [...]

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Libertyville Bankruptcy Lawyer Says Bankruptcy Is Not A Failure

07/13/12

Bankruptcy does not have to be a failure. Bankruptcy can be the beginning of a brand new start.  You can eliminate much or sometimes all of the debt that is bringing you down.  Debts such as medical bills, credit card bills, personal loans and other debts for different types of services can be eliminated.  Debts [...]

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Filing Chapter 7 Bankruptcy in North Carolina: What You Need to Know

07/12/12

So, you’re getting ready to file for bankruptcy in North Carolina. Or, at least thinking about it. Time to panic? Absolutely not. It’s time to learn the law and explore your options. We’ll start at the beginning, with the biggest misconception that North Carolinians, and consumers in general, have about filing for Chapter 7 bankruptcy: [...]

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Joliet Bankruptcy Attorney David Siegel Answers 3 Common Questions About Filing

07/12/12

   As a Joliet bankruptcy attorney, I am asked several questions with some regularity.  For example, if I file for bankruptcy, will my spouse’s credit be affected?  The short answer is no.  Filing bankruptcy is a voluntary issue and only the person who files for bankruptcy will have their credit affected.  The only thing that [...]

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Get It Back! Fixing a Fraudulent Transfer Before Bankruptcy in the 9th Circuit

07/10/12

As I recently wrote on the Bay Area Bankruptcy Lawyer Blog, perfectly honest consumer debtors sometimes make the mistake of transferring an asset to a friend or family member before filing bankruptcy.  This can happen innocently enough, as for example, where a debtor gives an old car of little value to an adult child months [...]

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Roselle Bankruptcy Attorney Describes The Power Of The Automatic Stay

07/10/12

 As a Roselle bankruptcy attorney, I am often asked about the automatic stay.  The automatic stay in a bankruptcy case is what gives the bankruptcy law an opportunity for the debtor to be protected from all creditors pursuing them by suing the debtor for debts that the person has occurred and owed to the creditor.  [...]

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Bankruptcy Second Opinion: Why Chapter 13?

06/16/12

Two people in Chapter 13 bankruptcy plans came to see me this past week for a second opinion.  I told both that for them, Chapter 7 bankruptcy was better.

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Bankruptcy and Foreclosure: What You Need to Know

06/13/12

OK, here’s the deal with bankruptcy and foreclosure. Despite what you may have heard, filing for bankruptcy does not necessarily permanently stop a lender from foreclosing on your home. Filing for bankruptcy will always temporarily stop the bank foreclosing on your home. This is true regardless of which chapter you file under. In some cases, [...]

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