Court Is In Chicago If you live in Chicago or any part of Cook County, Illinois and file bankruptcy, then your court date is going to be in downtown Chicago. The court will take place at the Dirksen Federal building which is located at 219 South Dearborn Street in Chicago.

Walk out of bankruptcy debt-free? Maybe, but if you don’t pay the mortgage then you’ll still lose the house.
When you take out a loan to buy real estate, the bank takes a lien out on the property. Fail to pay the mortgage and the bank will foreclose on the lien to take back the property.

Filing chapter 13 bankruptcy is not a one-shot deal. You do have the ability to file another chapter 13 bankruptcy case should your first case fail states Chapter 13 bankruptcy attorney David Siegel. No one sets out to fail in bankruptcy.

Filing for bankruptcy in Chicago does not mean that you lose your home. You can often maintain your home by making current payments under either chapter 7 bankruptcy or chapter 13 bankruptcy. If you do wish to surrender your home and you have filed chapter 7 bankruptcy, you still have time in your home.

Do not ignore that American Express, Visa, Golden One Credit Union, Credit Bureau USA, Midland Funding LLC lawsuits!  These companies will take their judgments and convert them into wage garnishments and liens on real property.

Is it true you have to be a certain age to file for bankruptcy protection? Technically there is not an age limit that states you have to be a specific age in order to file.  Yet, you may have to live in a jurisdiction for a certain time period when you file.  Others may say [...]

There are times when filing chapter 7 bankruptcy would be a mistake. The most common type of mistake made in filing a chapter 7 bankruptcy is the fact that assets are going to be taken by the chapter 7 trustee.

Filing Chapter 7 bankruptcy can eliminate most unsecured debt. Unsecured debt is debt that is not secured by any kind of property. This means that if you don’t make a payment, there is no property that can be taken back by the creditor.

Filing bankruptcy in Chicago  is not too difficult provided that you have proper representation and a good foundation going forward. You are going to want to find an experienced bankruptcy attorney to assist you in the filing of your chapter 7 bankruptcy case.

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