Bankruptcy law was designed to help people get a fresh start. Although frowned up, it actually stirs innovation as people can take more risk and innovate, knowing that if things don’t work out, Bankruptcy options are available. Bankruptcy laws were designed with the average hardworking American in mind. Call 773-407-2100 for a free consultation with […]
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Maximizing Creditor Benefits: The Strategic Advantages of Filing a Motion to Lift Automatic Stay in Bankruptcy Cases
In the realm of bankruptcy proceedings, creditors often find themselves navigating a complex landscape of legal and financial considerations. One powerful tool at a creditor’s disposal is the option to file a motion to lift the automatic stay. This legal action, though sometimes viewed as aggressive, can yield significant benefits for creditors seeking to protect […]
Bankruptcy Representation for Debtors If you drowning in debt, Bankruptcy may be the fresh start that you are looking for. Through Bankruptcy, you may discharge most of your unsecured debt. Our dedicated attorneys can help you ensure your rights are protected through this process. The importance of retaining an experienced attorney cannot be overstated, as […]
If you wish to cram down your car loan, you must have purchased the car at least 910 days (around 2½ years) prior to the bankruptcy. This prevents people from buying a new car and cramming down the loan right soon after driving it off the lot.
Assistance with Debt Relief Bankruptcy law was designed to help people get a fresh start. Although frowned up, it actually stirs innovation as people can take more risk and innovate, knowing that if things don’t work out, Bankruptcy options are available. Bankruptcy laws were designed with the average hardworking American in mind. Call 773-407-2100 for […]
910-Day Rule Exceptions The infamous hanging paragraph in §1325(a) of the Bankruptcy Code prohibits bifurcation of a creditor’s claim secured by a vehicle into a secured claim and an unsecured claim. Specifically: “section 506 shall not apply to a claim described in that paragraph if the creditor has a purchase money security interest securing […]
Bankruptcy law was designed to help people get a fresh start. Although frowned up, it actually stirs innovation as people can take more risk and innovate, knowing that if things don’t work out, Bankruptcy options are available. Bankruptcy laws were designed with the average hard working American in mind. Call 773-407-2100 for a free consultation […]
A “cramdown” in a Chapter 13 bankruptcy allows you to reduce the principal balance of a debt to the value of the property it is secured by. By taking advantage of a Chapter 13 cramdown, you may be able to save your car, investment real estate, or certain other properties. You are allowed to cram […]
A secured debt is one that is secured by property, which the creditor can take if you default. For example, your mortgage is secured by your home. If you default on your loan, the lender can sell your home to repay your debt. A car loan is also a secured debt. In addition to these […]
A secured debt is one that is secured by property, which the creditor can take if you default. For example, your mortgage is secured by your home. If you default on your loan, the lender can sell your home to repay your debt. A car loan is also a secured debt. In addition to these voluntary […]
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