Articles from Joliet Bankruptcy Lawyers

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Bankruptcy Advice For Carolyn Raney

Submitted by Anonymous (not verified) on Tue, 01/22/2013 - 15:35

This is the case of Carolyn Raney who is from Deerfield, Illinois who is coming to see me for a debt relief consultation.  Ms. Raney filed a Chapter 7 back in 2002 so she is eligible once again since it’s been over eight years.  She owns no real estate and she is currently living in a rental arrangement with a yearly lease which expires in June.

Do married couples need to file jointly?

Submitted by Anonymous (not verified) on Mon, 01/21/2013 - 15:52

The answer is no.  A married couple does have the option to file jointly and often it’s the best decision due to the fact that it costs the same amount of money for a married couple to file as an individual but there is no requirement that a married couple files together.  However, even if you are married and have a nonfiling spouse, their income and expenses will be taken into consideration when filing bankruptcy.  The way the court sees it is, income and expenses are calculated as household expenses rather than individual expenses unless, in the very rare situation, households keep comple

Why do individuals usually file bankruptcy?

Submitted by Anonymous (not verified) on Fri, 01/18/2013 - 15:31

Well, there are any myriad of reasons why an individual might file bankruptcy.  The first is they just have fallen too far behind whether because of illness or a job loss or just feeling overwhelmed and they need a fresh start.  They will often take advantage of a Chapter 7 bankruptcy.  Chapter 7 bankruptcy is going to improve your life in a lot of ways.  One way is it’s going to eliminate a lot of stress.  We all know how hard it is to deal with debt that you just don’t know how you’re going to pay back.  Dealing with constant creditor calls, constant harassment from creditors, co

Bankruptcy Case Study For Simmons

Submitted by Anonymous (not verified) on Thu, 01/17/2013 - 17:29

This is the case of Darva Simmons who comes from Elmhurst, Illinois seeking debt relief.  Ms. Simmons file a Chapter 7 bankruptcy over eight years ago so she is eligible for another Chapter 7 should that be necessary.  She owns no real estate.  She is renting a month-to-month lease and the landlord lives in Elmhurst, Illinois.  She has a 2010 Kia Soul that is co-owned and she would like to keep paying for that vehicle.  She is currently up to date.  Her monthly payment is $425 and she owes about $12,000 on that vehicle.

The Case of Tamika Davis

Submitted by Anonymous (not verified) on Tue, 01/15/2013 - 17:00

This is the case of Tamika Davis who hails from Chicago, Illinois.  She is into talk about debt relief either a Chapter 7 or a Chapter 13 bankruptcy preferably.  She has never filed a bankruptcy case before.  She is not a homeowner.  She does have a landlord and she is on a month to month lease.  She has a Buick that she co-owns with her boyfriend but she is not really sure if she’s on the title so she’s going to get back to me with that information.

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