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How Do I Use the Illinois Means Test?
How Do I Use the Illinois Means Test?

Understanding the Role of the Means Test in Bankruptcy Filing for bankruptcy can help you navigate situations where you are drowning in debt. The first step of that process is determining which type of bankruptcy you should be filing for, a process that typically requires ...

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Blog posts in Bankruptcy

  • Debunking the 8 Biggest Bankruptcy Myths

    Helping You Understand the Truth About Bankruptcy Bankruptcy can be a scary concept to some people, but the truth is it is a powerful financial tool ...

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  • Can I File Bankruptcy Without My Spouse?

    Are you struggling with impossible levels of debt? Bankruptcy may be the solution you need. Every year, hundreds of thousands of Americans use it to ...

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  • 4 Major Companies that Filed Bankruptcy—and Survived

    Is your company struggling to stay afloat? If so, you aren’t alone—especially today. Due to COVID-19, businesses of all sizes are enduring a ...

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  • What Is Exempt Property in a Bankruptcy Filing?

    Chapter 7 is the simplest, fastest form of bankruptcy , discharging filers’ debts within a matter of months. But there’s a catch—the trustee may seize ...

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  • How Debtors and Creditors Can Achieve a Harmonious Relationship

    Image by Alan Cleaver from Pixabay The way that 2020 has unfolded is a far cry from what most of us anticipated when it began. Not only have there ...

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  • How Does Bankruptcy Impact My Credit Score?

    Image by mohamed Hassan from Pixabay Many people erroneously believe that bankruptcy serves as a financial Scarlet Letter that will define you for the ...

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  • Do I Need a Lawyer to File Bankruptcy?

    If you’re considering bankruptcy , hiring an attorney might be the furthest thing from your mind. Your goal is to improve your financial situation, ...

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  • How Does a Chapter 13 Mortgage Modification Work?

    Mortgages are a form of secured debt. In other words, your lender has the contractual right to take your home through foreclosure without having to ...

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  • Unsecured Debt vs. Secured Debt: What’s the Difference?

    If you’re considering bankruptcy , one factor is particularly critical in determining which type of bankruptcy—if any—will solve your financial ...

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