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Married, Live in IL, self employed for apx $35k/yr. Part time about $150/wk. Main income comes via 1099 contract work. Part time is a traditional paycheck. Business is service based with no assets and is handled as a disregarded entity for taxes. All debts are in my name only. We own a house that... View More 
answered on Feb 24, 2020
Check the Illinois exemptions and you can determine how much allowance you have for each category. After your exemptions are used, whatever is left over is non-exempt and can be taken.
answered on Feb 22, 2020
Depends on whether you’re filing a Chapter 7 or 13. Consult your bankruptcy attorney for specifics.
$200 balance - $2500 limit
#2 menards - $300 balance $2500 limit...used for emerge like fridge or oven
Out of USA.But they say i should pay tax.
How can i transfer this money?
answered on Feb 20, 2020
If your "friends" has the money you may be out of luck. This is why no one should "submit" money to anyone withou some assurances about how to get it back.
Bankruptcy for going good and ok on paying rent with current apartment just looking for lower rent. No prior evictions
answered on Feb 3, 2020
You should obtain permission from the court before you incur any. Ew debt or indenture. It will probably be granted but you should get permission first.
Would I be better off to turn it in? If I filed chapter 7 does it make any difference if I do it before repossession or after?
answered on Feb 3, 2020
If it is repoed before filing, you can list them as a creditor, file, and simply walk away. If it is after, the creditor must seek leave of court to terminate the stay and get the auto.
with a cosigner. I know the student loans cannot be discharged. If I file for bankruptcy on my other debt, will it affect my student loans (make them default) and in any way harm my cosigner and the cosigner's credit?
answered on Nov 20, 2019
No. Not as long as you continue to pay the student loans as agreed.
I have credit card debt under $15,000, disposable monthly income of $200, and a house that was given to me that appraises at $48,000 that I wish to keep. And I have no other assets of value over $1,000. What bankruptcy chapter should my attorney file? A chapter 7 or chapter 13?
answered on Nov 1, 2019
You should file a chapter 13, but I do not think that your disposable monthly income is enough to payoff enough of the debt to keep the house
If I only have 1 unsecured debt of $13,000, but disposable monthly income of $168.00, what bankruptcy should I file? A chapter 7 or chapter 13? Or just negotiate with the creditor for a pay-off amount? I forgot to add that I have no assets of value over $1,000
Is there a nonstandard provision for this motion to modify from a 3 yr to 5 yr
answered on Oct 28, 2019
There can be any number of months plan period up to 60 months. Three years (36 months) gets it paid two years sooner than 60 months but the paymentS are higher. And vice versatility.
what is the homestead exemption in illinois if there is 4 names on the deed? I know illinois allows $15,000 for single and $30,000 for married, but it doesnt really specify for too much of anything else
answered on Oct 26, 2019
735 ILCS 5/12-901 provides that "If 2 or more individuals own property that is exempt as a homestead, the value of the exemption of each individual may not exceed his or her proportionate share of $30,000 based upon percentage of ownership." This Section further provides that it" is... View More
She faces a judgement of over $4,000 for failure to pay rent, but she has evidence she paid partial, and she is on SSDI. Her landlord raised the rent from $625 to $650, she has not had any repairs done on her apt as she had requested. Judge said to come with evidence and or a witness to help her... View More
answered on Oct 5, 2019
A bankruptcy would delay her eviction for a while. The judge has no discretion to allow her more time. There is no negotiation with the judge. The only question to be answered is whether or not the rent has been paid.
Ive paid over 8k. I have nothing left
If gift of car does not cause a problem, is there a recommended time to do so- such as after his meeting? Does he have to notify the court upon receipt of the gift? What steps do we need to take to ensure he doesn't mess-up his eligibility? Thanks.
answered on Aug 30, 2019
Yes you can give it to him. No, youdonot have to notify the Court. Simply transfer the car into his name.
answered on Jul 12, 2019
If you can be found disabled by social security, otherwise not really.
Father in law was the main signer on our car. He has filed bankruptcy and my husband was the second signer. What happens to my husbands credit score if they end up taking the car in the bankruptcy?
answered on Jul 8, 2019
You will have the option of continuing to pay and keeping the car even though the main signer filed bankruptcy. As long as you continue to pay for the car, husbands credit will not be affected.
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