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Questions Answered by Ariel Weissberg

1 Answer | Asked in Real Estate Law for Illinois on

Q: Is it true if you maintain a section of property for seven years it is then yours.

If so how do you go about taking it over legally?

Ariel Weissberg answered on Jun 4, 2015

In Illinois, no, the amount of time for achieving "adverse possession" is an open and conspicuous ownership for twenty consecutive years. Obviously, if you hold title to the property your ownership is more defined. There is some law that states if you have "color of title" and pay taxes on the... Read more »

1 Answer | Asked in Bankruptcy for Illinois on

Q: I owe 6 finance companys and 3 other on line accounts like ginnys,seventh ave,home at 5 do i qualify for bankruptcy

Ariel Weissberg answered on Jun 4, 2015

The issue of "qualification" for bankruptcy is complex. As an individual, you qualify to be a debtor (see section 109 of the bankruptcy code) but the issue of whether you should file bankruptcy requires an investigator by a competent bankruptcy lawyer as to the status of your assets, liability,... Read more »

1 Answer | Asked in Bankruptcy for Illinois on

Q: I have a traffic fine from a camera violation...can I include it in my bankruptcy??

Ariel Weissberg answered on Jun 4, 2015

This debt is non-dischargeable because it is a governmental fine. You could stretch out the payment in a Chapter 13, but the debt can not be discharged in any bankruptcy, including a Chapter 7.

1 Answer | Asked in Bankruptcy for Illinois on

Q: How can yellow cab co drivers and affiliation member buy the company while it is chapter 11 now in chicago

With all that came with so called ride share company's high city fees fins and taxes owners can't sell thire medallions they must join together and safe on insuranse and other expanses

Ariel Weissberg answered on Jun 4, 2015

Any sale in a bankruptcy case is essentially an auction, whereby prospective purchasers with higher and "better" offers can defeat a purchaser that is the "stalking horse" brought by the debtor or a trustee for court approval. Competing bidders that interested in making an offer for the purchase... Read more »

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