Category: Illinois | Chapter 7 - page 15

In Illinois, and all over the country, the student loan crisis is a serious issue, crushing many individuals with debts that they’re currently unable to pay back. Then there are the people who have paid back more than what they originally...

Bankruptcy case numbers (sometimes referred to as docket numbers) identify each particular filing submitted to the courts. It’s assigned when the debtor files the initial paperwork and will be used throughout the

Knowing what not to do when filing for bankruptcy is just as important as learning what you need to do. Making mistakes in the bankruptcy process can cost you time, money, and even your car or home. An experienced DebtStoppers bankruptcy attorney can help you avoid these common mistakes people make when filing for bankruptcy…

Repossession is the process through which the lender, bank, or other creditor reclaims possession of an automobile from a borrower who has defaulted on their loan. Repossession is legal because the contracts for most auto loans provide that the vehicle being purchased will serve as collateral to ensure the buyer fulfills their end of the agreement. This means that under Illinois law, a lender can take back your…

As an individual in Illinois, bankruptcy laws allow you to file for two different types: 7 and 13. With Chapter 7, you can wipe out your unsecured debts entirely, whereas Chapter 13 requires you to make monthly payments towards your debt over the course of 3 to 5 years…

People often think there is a limit on how many times you can claim bankruptcy in Illinois, but this is not the case. The truth is that you can file as many times as you need it, as long as you comply with the legal conditions placed on refiling…

When your family is suffering from debt and financial struggles, it can feel like they will never end. The fear of losing your home, car, or job can be overwhelming. While many families view bankruptcy as a last resort to get relief from the crippling weight of their debts…

When your family is suffering from debt and financial struggles, it can feel like they will never end. The fear of losing your home, car, or job can be overwhelming. While many families view bankruptcy as a last resort to get relief from the crippling weight of their debts…

Many people fear filing for bankruptcy will mean surrendering their possessions. But one of the most attractive features of bankruptcy is that it can legally protect your assets from creditors, thanks to a long list of exemptions…

One of the things that make people susceptible to the scams we've been talking about is desperation. Let's face it: spending months or even years worried about money can make anybody feel desperate. At DebtStoppers, if there's one thing we've seen over and over…