I am seeing any increase in potential bankruptcy clients who have parking tickets owed to the city of Chicago on their creditors list. It seems that it’s hard to live in the city of Chicago and not be subject to the wrath of parking tickets.

Finding out that your student loans are suing you can scare the living daylights out of you. Many people do nothing in the hopes that it will just disappear if they ignore the lawsuit. But that’s the most dangerous reaction to being sued for student loans.

Most people are under the misconceptions that if they file for bankruptcy, then they will lose all of their property. This is simply not the case. Most people who file for Chapter 7 bankruptcy retain all of their personal property.

Miami Bankruptcy Attorney Jordan E.

Click to Book Free Initial ConsultationNorth Dade Office:20801 Biscayne Blvd., Suite 403
Aventura, Florida 33180

When you file for bankruptcy, you need to pay a filing fee to the court.
That’s different from any legal fees you may have to pay to a lawyer, or fees you may pay to someone to get the bankruptcy papers typed up neatly.
The filing fee goes directly to the court system.
Here’s what you need to know.

Filing for Chapter 7 bankruptcy won’t get rid of a judgment that’s already on your record. Depending on your situation, you may not care.

In the past, if you were behind on your mortgage payments and did not want to keep your home, you had the ability to surrender it without much concern. Everything changed however at the start of 2014. The mortgage debt forgiveness relief act was not extended into 2014.

Personal Bankruptcy Is Technically Public The fact is that filing a personal bankruptcy case is public record. However, the fact you filed is not something that is easy to obtain by the general public. There is a public access system known as PACER which contains information regarding bankruptcy filings throughout the country.

Chapter 7 bankruptcy is known as liquidation bankruptcy. However, in most cases, there is nothing to liquidate. The debtor gets to keep a large portion of personal property while going through the process. The Illinois law that allows the debtor to keep property while filing for bankruptcy is known as exemptions.