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A Helpful Guide when considering filing Bankruptcy

When a Mortgage Company files a Foreclosure, it essentially has one objective: To sell your house at a sheriff’s sale to themselves or a 3rd party bidder

Pay Advises for the past 60 days. That is usually pay stubs. Driver’s license or State ID and your Social security card.

Millions of Americans have benefited from the United States Bankruptcy laws. Chapter 7 discharges crushing debts. Chapter 13 reorganizes debts. It allows you to keep needed assets. For instance, your car and/or your home. Either of these Chapters gives you a financial “FRESH START.”

Bankruptcy laws say you have to do a Means Test. You must list the gross income in your family for the past six (6) months.

First of all, what is a small business? The SBA has a definition: companies with sales of up to $6 Million and construction companies up to $28.5 Million. To the average person, that is not a small business. Also, many SBA “small businesses” are subsidiaries of big Corporations. This article speaks to what the average person would consider a small business.

In 2020 over 31,000 people filed for bankruptcy. Some filed Chapter 7 to get a discharge of debts and a "FRESH START." Others filed Chapter 13 to manage their debt load with one monthly payment. Have you decided or are you still mulling the possibility of filing Bankruptcy?

When considering Bankruptcy, people ask questions. What about things I own? Will I lose my house or my car? Will I lose my furniture? This article discusses only one thing. What is the impact for Illinois residents on assets-the things I own?

Our bankruptcy attorneys are dedicated to providing reliable legal guidance to individuals and businesses facing difficult tax-related issues, including tax debts and IRS levies. Our team will fight hard to protect your rights, negotiate with the IRS, and help you pursue the best possible deal or payment arrangement with the IRS.