Monday, February 20, 2017

CAN UNPAID TAXES BE DISCHARGED IN A CHAPTER 7 BANKRUPTCY?

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Most people believe that unpaid taxes cannot be discharged in a chapter 7 bankruptcy. However, they may actually be dischargeable in some ci...
Tuesday, July 26, 2016

HOW TO RECOVER AFTER BANKRUPTCY

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A lot of clients ask what steps they should take after a bankruptcy is completed to rebuild their financial situation. The first, and probab...
Tuesday, February 23, 2016

STUDENT LOANS STILL NON-DISCHARGEABLE IN BANKRUPTCY

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Last month, the Supreme Court declined to hear an appeal aimed at allowing student debts to be more easily discharged in bankruptcy. While t...
Monday, September 14, 2015

CAN I MAKE TOO MUCH MONEY FOR CHAPTER 7 BANKRUPTCY?

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The federal bankruptcy statute governs all personal and commercial bankruptcies.  According to the statute, you have to "qualify" ...
Monday, April 27, 2015

CAN TENANCY BY THE ENTIRETY PROTECT MY HOUSE?

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In Illinois, there are several ways to take title when more than one person owns real estate.  Generally, primary residences of married coup...
Monday, December 29, 2014

CAN BANKRUPTCY DELAY A FORECLOSURE?

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Yes, a bankruptcy can delay a foreclosure, but how long is a different question.  When a bankruptcy petition is filed, all ongoing litigatio...
Monday, December 8, 2014

CAN I WITHDRAW A BANKRUPTCY PETITION ONCE IT IS FILED?

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The bankruptcy code details exactly when a debtor can withdraw a petition that is filed with the bankruptcy court.  In order to be allowed t...