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Finical documents on the ground, someone holding a calculator

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 ...

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Frustrated man with his head on a desk surrounded by crumpled paper

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?

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Filling out tax documents with a calculator

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.

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Couple purchasing a car from a dealer

CAN I BUY A CAR AFTER I FILE CHAPTER 7 BANKRUPTCY? CAN I GET AN AUTO LOAN AFTER I FILE CHAPTER 7 BANKRUPTCY? To the first question: Yes. You can buy a car even on the date you file Chapter 7. About the second question: Yes, you can get a car loan after filing Chapter 7. But, you have to ...

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Finical documents on the ground, someone holding a calculator

When you’re in financial trouble, filing for bankruptcy can be one of the options to get help. A very common question that comes up about bankruptcy in Illinois, is “Will I lose my house?” It makes sense that you want to hold on to your house. At Robert J. Adams & Associates, we offer help to individuals and business owners ...

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Petition for Bankruptcy Document.jpeg

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.

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Gavel resting on a document to file bankruptcy

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.

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