What Everybody Should Know About Chapter 13 Bankruptcy

Chapter 13 Bankruptcy Has Unique Advantages Over Chapter 7 When you go to Joseph Wrobel, Ltd. to talk about your rights and options in the Bankruptcy Code you will learn about Chapter 13 bankruptcy and all how it solves the problem of limitations you may face with Chapter 7 bankruptcy. The main differences between Chapter … Continue reading What Everybody Should Know About Chapter 13 Bankruptcy

Why people chose Chapter 13 bankruptcy

Why people chose Chapter 13 bankruptcy Chicago bankruptcy attorney Joseph Wrobel is often asked why people chose Chapter 13 bankruptcy. His frequent answer is, “It depends.” After the initial meeting with your bankruptcy attorney you should be advised whether you qualify for a Chapter 7 or a Chapter 13 bankruptcy. Your bankruptcy attorney asks for … Continue reading Why people chose Chapter 13 bankruptcy

How is Chapter 7 different from Chapter 13 Bankruptcy?

When consumer confidence is high and the financial markets are doing well it may be time to drop some of your financial dead weight to clear space for new jobs, more money and less debt. Many people have added it all up and said, “If I only had this amount of extra money, I could … Continue reading How is Chapter 7 different from Chapter 13 Bankruptcy?

Homeowners keep their home using Chapter 7 or Chapter 13 bankruptcy laws

Falling behind on mortgage payments can lead to foreclosure. When a homeowner is unable to delay the foreclosure through attempts at refinancing or otherwise negotiating additional time to get caught up, such as a forbearance, short sale, or deed in lieu of foreclosure, the mortgage lender will likely begin the legal process to foreclose and … Continue reading Homeowners keep their home using Chapter 7 or Chapter 13 bankruptcy laws

Bankruptcy Basics: A Closer Look At Chapter 13 Reorganization

Chicago bankruptcy and consumer credit attorney Joseph Wrobel shares news and updates in bankruptcy law as well as business and consumer financial matters. It has been documented that financial troubles can cause all sorts of ailments, the most common of which is sleeplessness. Joseph Wrobel helps clients alleviate their anxiety created by the inability to … Continue reading Bankruptcy Basics: A Closer Look At Chapter 13 Reorganization

Chapter 13

What is a CHAPTER 13 Bankruptcy? Chapter 13 is a Court proceeding that is filed with the US Bankruptcy Court, allowing you to arrange a payment plan to pay all of your bills through the Chapter 13 Trustee. What are the benefits of CHAPTER 13? Chapter 13 provides debt relief, eliminates bill problems, and stops … Continue reading Chapter 13

Eliminating tax debts in Chapter 7 and 13 bankruptcy

Two things are certain in our lives, death and taxes! So long as we are still here earning income, we have to pay our taxes, even when we are in bankruptcy. What happens to our tax debt is another question. Despite our best efforts at achieving and maintaining financial success, life happens and sometimes our … Continue reading Eliminating tax debts in Chapter 7 and 13 bankruptcy

Discharging qualified tax debt in Chapter 7 and 13 bankruptcies

Good people with bad income tax debt can discharge that tax debt in Chapter 7 and 13 bankruptcy cases if it is qualified tax debt according to the Internal Revenue Code. There are a large number of people who prepare their income tax returns every year and find out they owe the IRS. There may … Continue reading Discharging qualified tax debt in Chapter 7 and 13 bankruptcies

Bankruptcy: Think of Chapter 7 and 13 as financial planning tools

Some people operate with a misconception that a bankruptcy filing means giving up, throwing in the towel and going to hide in a corner wearing a dunce hat. Wrong! As discussed during a recent radio Interview on the new Chicago Bankruptcy Update podcast, Chicago Bankruptcy Attorney, Joseph Wrobel, explains that many prominent individuals and businesses … Continue reading Bankruptcy: Think of Chapter 7 and 13 as financial planning tools

Discharging medical bills in a Chapter 7 bankruptcy: Don and Jessica’s story

Unpaid medical bills are the leading cause of bankruptcy. Nearly two million people a year people file for bankruptcy because there is no way they will ever be able to pay their large medical debts. Next to medical bills, credit card debt and unpaid mortgages are the other leading factors causing people to seek bankruptcy … Continue reading Discharging medical bills in a Chapter 7 bankruptcy: Don and Jessica’s story