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If my ex files for bankruptcy, would he be able to stop making child-support payments?

Nowadays raising a child is incredibly a no laughing matter. By raising a child, you should be able to provide the kid’s basic needs and expenses, such as food, shelter, clothing and educational needs. Not only that, because there are also some miscellaneous stuff that you must be able to provide like pocket money for [...]

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Under the new bankruptcy laws do I have to wait until I have no money before I file for bankruptcy?

In this time of economic depression, more and more people are now going bankrupt. The rise of unemployment here and there is probably one of the reasons why most people in this day and age are getting broke. Nowadays where the world is already getting highly competitive and fast-paced, joblessness is undeniably unavoidable. Although let’s [...]

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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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