Submitted by Anonymous (not verified) on Mon, 06/09/2014 - 10:00
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.
Submitted by Anonymous (not verified) on Thu, 06/05/2014 - 18:30
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.
Submitted by Anonymous (not verified) on Thu, 06/05/2014 - 14:31
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.
Submitted by Anonymous (not verified) on Wed, 06/04/2014 - 22:22
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.
Submitted by Anonymous (not verified) on Wed, 06/04/2014 - 15:22
Bankruptcy Help Is Harder To Get When you are struggling financially, you need bankruptcy help. You need to find a bankruptcy attorney that can take you from point A to point B.
Submitted by Anonymous (not verified) on Wed, 06/04/2014 - 10:00
Behind on the rent? Looking to buy yourself some more time, maybe even wipe out the obligation to the landlord altogether?
If so, you may be tempted by the prospect of filing for bankruptcy.