Blogs - Robert J. Adams & Associates


COVID-19 has changed the landscape of Bankruptcy Law in Illinois. Robert J. Adams & Associates remains open to assist you through these challenging and confusing times. We are offering Remote Filings to Facilitate Our Clients.

$0 Up-Front (no down payment)* Your case can be filed almost immediately. Coming to the office is your choice. Many cases filed over the phone and/or by video For Immediate debt relief Call now: (312) 724-5650 *We advance the filing fee for qualified wage earners.

Robert J. Adams & Associates


Can I Discharge IRS Taxes In Bankruptcy?
May 28, 2020

IRS debts can be discharged in a Chapter 7. Eliminating Tax Debt in Bankruptcy The following set out the rules to discharge an IRS debt in Bankruptcy: You filed the Income tax return. At times the IRS files substitute returns when an individual has failed to file. Another name for this is Service Filed Returns. The amounts due on IRS filed returns are not dischargeable. The tax is for income-an income tax. You cannot discharge payroll taxes. The tax debt is at least 3 years old. Generally, the due date is April 15th. If April 15th falls on a Saturday… Read More

Beat The Means Test
May 11, 2020

Bankruptcy laws say you have to do a Means Test. You are to list the gross income in family for the past six (6) months. The total is compared to the Illinois State Standards. If your gross family income is above a certain amount they want you to file a Chapter 13 instead of a Chapter 7. Most people have income below the Means Test. Everyone has to take the Means Test. For most it is only a simple exercise but for some it presents a challenge. Even if your gross income is above the income listed below there are… Read More

Hidden Tax Deductions In Chapter 13
March 20, 2020

There are possible tax deductions in your Chapter 13 The most common: Mortgage interest. If you are paying mortgage arrears through your Chapter 13 plan. Real Estate taxes. Even if one has an escrowed account with their mortgage lender it deductible. Also, some individuals are paying back real estate taxes: what is paid through Chapter 13 is likely deductible. Business Expenses. This includes Ride Share drivers as well has clients who are operating traditional businesses. Go Back To Prior Tax Years. Tax returns are generally amendable for 3 years. Disclaimer: ROBERT J ADAMS & ASSOCIATES concentrate our practice in bankruptcy… Read More

It Is Income Tax Refund Time. Who Can Take It From Me?
March 17, 2020

Some people are afraid to file their income tax returns. Why? One fear is that creditors will take it. First of all, private collectors can’t take or garnish your Income Tax refund. Who can? The Federal Government and state government agencies Past IRS debt; Past due child support payments; Other federal agencies (such as student loans in default); Past due state income taxes; Unemployment compensation you must payback. What about a judgment against me for a credit card? They can’t take your income tax refund. What happens when my refund goes to my bank? If there is a bank garnishment… Read More

How Long Does A Chapter 7 Bankruptcy Take? – What To Expect
November 1, 2019

The issue of bankruptcy is a serious one, one that needs to be considered from all angles. Many people facing bankruptcy don’t know what to expect, and most everyone feels anxiety about the process and its impact on their lives. But bankruptcy can be a great solution for some, when financial stress has become overwhelming. At Robert J. Adams & Associates, your Chapter 7 bankruptcy attorney in Chicago, we take great pride in helping individuals through some of their most difficult times, and our commitment to clients is unparalleled. We will be with you every step of the way, no… Read More

How Much Is The Filing Fee In A Chapter 7 Case?
October 31, 2019

The current filing fee is $335.00 What If I Don’t Have Entire The $335 Or Any Of It? The filing fee can be paid in installments, up to 4 months. What Is The Filing Fee? It is the amount the Courts has determined what is necessary to administer Chapter 7 cases. In my opinion it is too much. Does This Include The Lawyer’s Fees? The answer is “No.” Are Lawyer’s Fees Paid Before The Case Is Filed? Generally all or a large part of the lawyer’s fee is paid after the Chapter 7 case has been filed. How Much Are… Read More

Can My Spouse File A Joint Chapter 7 With Me?
October 31, 2019

Each of these is a common question I am asked. First, spouses may join in Chapter 7. It is called a joint case. Second, spouses are not required to join in Chapter 7. Should Spouses Join Together In Chapter 7? It is a good idea if each spouse has a lot of debts, especially joint debts. Discuss your situation with a qualified Chicago bankruptcy attorney for customized advice. What If We Are Married And Living Together But Only One Of Us Files? If there are any joint debts your Chapter 7 will not discharge your spouse’s obligation. Do I have… Read More

Should I Reaffirm My Mortgage In Chapter 7 Bankruptcy?
October 9, 2019

Often times a person who files Chapter 7 has a home mortgage. Sometimes a first and second mortgage. The client is current on the monthly mortgage. They ask: “Should I reaffirm my mortgage”? Lawyers who represent Chapter 7 individuals say “No”. This includes my firm, Robert J. Adams & Associates. In the final analysis the choice is always yours. This is why every one of my Chapter 7 clients with a mortgage gets the following letter. If you are a homeowner considering filing Chapter 7, I hope this helps you. Dear Mr., Ms. or Mr. and Mrs._____________, You are receiving… Read More

Should I Reaffirm My Automobile Debt In Chapter 7? What Is A Reaffirmation Agreement? What Are My Options?
October 9, 2019

Bankruptcy can disrupt your life. It can bring about changes that you never planned on. And for many people who live outside major cities with excellent public transportation options, a car is their connection to food and work. Giving up your car in a bankruptcy can be a difficult decision, but you do have choices. As a top bankruptcy and Chapter 7 attorney firm, Robert J. Adams & Associates has been down this road many times with clients and we will advise you about all your choices, to ensure that your Chapter 7 goes smoothly and causes you the least… Read More

What Is A Chapter 7 Bankruptcy Case? How Does It Work?
October 7, 2019

Bankruptcy, it’s a word that most people find repugnant, but should it be so maligned? The fact of the matter is—bankruptcy provides significant relief to many Americans annually. If you’re drowning in debt and see no way out, bankruptcy may be the only way for you to start over with a clean slate. Many Americans face hardships, from medical conditions to severe accidents, business failures, and more; there are many ways that debt can pile upon you, sometimes quickly. In most cases, you can find relief through a Chapter 7 or Chapter 13 bankruptcy filing. In a Chapter 7 you… Read More