Are Bankruptcy Records Public in Illinois?
Bankruptcy can be a challenging financial decision, and one of the key concerns people have is whether their bankruptcy records are public. Is bankruptcy public record? In Illinois, bankruptcy records are indeed public information, accessible to anyone interested. This is mandated by the Illinois Freedom of Information Act, which ensures that all records maintained by […]
How Much Do You Have to Be in Debt to File Chapter 7?
For anyone considering Chapter 7 bankruptcy, understanding the debt requirements is crucial. How much do you have to be in debt to file chapter 7? There is no specific minimum amount of debt required to file for Chapter 7 bankruptcy, but the nature of your debt and your financial situation play significant roles in determining […]
Buying a House While in Chapter 13 Bankruptcy
Navigating the path to homeownership can be challenging, especially when dealing with financial hurdles like Chapter 13 bankruptcy. Chapter 13 bankruptcy doesn’t shut the door on your dream of owning a home. Can you buy a house while in chapter 13? In fact, it is possible to buy a house while in Chapter 13 bankruptcy […]
How Long Does Chapter 13 Bankruptcy Take?
Filing for Chapter 13 bankruptcy is a significant financial decision, often chosen by those with regular income who need a structured repayment plan for their debts. This leads many people to ask the question, “How long is Chapter 13 bankruptcy?” They’re ready to get this part of their life over with, and move on. Typically, […]
Can I File Bankruptcy Without My Spouse?
Navigating the intricacies of bankruptcy can be daunting, especially when considering the impact on a spouse. This leads some people to ask, “Can I file bankruptcy without my spouse?” When assessing this option, one must understand that yes, it is possible to file for bankruptcy without including your spouse. This decision involves several factors, including […]