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You are considering Bankruptcy. What will happen to my car?

Have you decided to file for bankruptcy? Or, do you want to look into exploring your options? An experienced bankruptcy lawyer can help you understand how bankruptcy works.

If you’re overwhelmed with debt and creditors hounding you, the bankruptcy code offers you two primary ways to achieve that fresh start — through Chapter 13 or Chapter 7.

IRS debts can often be discharged in a Chapter 7. IRS debts in a Chapter 13 can often be paid a dividend of less than 100%

What to expect after you file Bankruptcy

During the COVID-19 pandemic and resulting lockdowns, many individuals are facing unemployment, or even loss of their business income — leading to stressful financial situations.

The Law Firm of Robert J. Adams & Associates remains open. Even with the COVID-19 pandemic we are helping people file Bankruptcy. Also the Bankruptcy Courts remain open.

In Illinois, property owners including homeowners pay Property taxes (Real Estate taxes) to the county.

When you buy a home financed with a mortgage you give the mortgagee two (2) things: A lien on the home; and A Promissory Note (I promise to pay the mortgage company a certain amount of money)

There are reasons why you filed Chapter 13 instead of Chapter 7. Generally, it was to save something like a car or your home when behind on the mortgage.