Archive | June, 2010

Can I keep My Real Estate When Filing A chapter 7 Bankruptcy in Illinois?

In the Land of Lincoln, keeping your real property is possible just as long as you “reaffirm” your debt to the mortgage company throughout the case. In short, you have to notify the Home Equity Loan Company by getting in touch with them that you want a “reaffirmation agreement.” That way, the mortgage company will [...]

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Can I sell my property before filling chapter 7 Bankruptcy in Illinois?

Illinois was the twenty-first state to be admitted to the Union, in 1818. Although Illinois is now known as “Land of Lincoln,” its former name, “Prairie State,” gives a reasonably accurate description. Much of it is level, and in its natural state was covered with prairie grass. On the other hand, selling your property prior [...]

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After how many years can you file bankruptcy again in Illinois?

Illinois was the twenty-first state to be admitted to the Union, in 1818. Although Illinois is now known as “Land of Lincoln,” its former name, “Prairie State,” gives a reasonably accurate description. Much of it is level, and in its natural state was covered with prairie grass. There are a few areas low, rolling hills, [...]

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Are joint accounts required to be listed when filing for bankruptcy in Illinois?

The State of Illinois offers an invaluable and citizen – friendly service that would help you through your bankruptcy filing procedure. There are two kinds of bankruptcies to begin with: Chapter 7 and Chapter 13. Chapter 7 will clear all your debt, but your non exempt properties, like your car for example, must all be [...]

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Can I still get a house while in Chapter 13 bankruptcy Illinois?

Nowadays having a house to call your own is already a big deal to the majority. In fact, it becomes one of the major concerns of everybody nowadays in view of the fact that climate change is now all over the place. Global warming is coming down on earth like a ton of bricks resembling [...]

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