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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 be realistic. You have to show a lender that you can repay the loan back.

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 in matters of bankruptcy.

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%. The following set out the rules to discharge an IRS debt in Bankruptcy

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.