Articles from Waukegan Bankruptcy Lawyers

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Analysis Of Which Chapter To File

Submitted by Anonymous (not verified) on Tue, 01/22/2013 - 15:37

This is the case of Felicia Morris who comes from Chicago, Illinois who is interested in a conversation regarding debt relief.  Ms. Morris filed a Chapter 13 back in 2008 and that case was subsequently dismissed so she is eligible to file another Chapter 13 if the facts bring them forward.

Is the attorney fee and filing fee always paid in advance?

Submitted by Anonymous (not verified) on Mon, 01/21/2013 - 15:53

The shorter answer is yes, the filing fee is always paid in advance.  The filing fee in Illinois is $306 for Chapter 7 bankruptcy and $281 for Chapter 13 bankruptcy.  Typically in Chapter 7 bankruptcy, the attorneys’ fees are also paid up front; though your attorney may wish to offer you other payment arrangements for services rendered after the filing of your case.

How can bankruptcy help?

Submitted by Anonymous (not verified) on Fri, 01/18/2013 - 15:32

Bankruptcy can help in a myriad of ways.  One, it’s going to eliminate a serious amount of stress in your life.  No one likes to see a pile of debt that they cannot pay and wonder how they are going to pay it.  Second and maybe the most obvious reason is it’s going to eliminate all your debt whether in a complete fresh start bankruptcy in a Chapter 7 bankruptcy during a four-month period.  Or in a 3 to 5 year repayment plan through a Chapter 13 bankruptcy.  You will be debt free at the end of your bankruptcy.

Bankruptcy Case Study For Gomez

Submitted by Anonymous (not verified) on Thu, 01/17/2013 - 17:30

This is the case of Guermo Gomez who comes to me from Franklin Park, Illinois seeking debt relief.  Mr. Gomez has never filed a bankruptcy before.  He does not own any real estate and he currently lives with his family.  He rents from his father on a month to month lease.  He does not own or operate a vehicle.  He has a checking and savings account with very little in it, minor household goods and very little in the way of clothing.  He does have a 401(k) which is protected in the amount of $20,000.

The Case of Monique White

Submitted by Anonymous (not verified) on Tue, 01/15/2013 - 17:01

This is the case of Monique White who comes to me from Chicago, Illinois seeking debt relief.  This white did a Chapter 7 back in 2012 but the case was dismissed so she never received a discharge.  She owns no real estate, she’s not a homeowner and she is currently living in a monthly rental situation on a property that is currently in foreclosure.  She has a 2006 Chevy HHR which is financed by Black Hawk Financial.  She is up to date on that payment and she wants to remain current on it.

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