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The next letter in the Bankruptcy Alphabet is O, which stands for Objections in Bankruptcy. This is an important concept. An objection is a lawsuit that someone else, usually a creditor who you owe, files in your case to contest … Continue reading
http://finance.yahoo.com/news/jailed-for–280–the-return-of-debtors–prisons.html In Illinois, there are a few ways a creditor can pressure a person to pay. If you ignore certain court papers, you could be arrested. Be sure to call an experienced bankruptcy attorney for advice. The attorneys at the … Continue reading
The next letter in the Bankruptcy Alphabet is N, for No Assets. This is a very important concept in a bankruptcy case. In a Chapter 7, or full bankruptcy, case, the goal is to eliminate debts. In return, you … Continue reading
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Bankruptcy Alphabet – M is for Mortgage Modification The next letter in the Bankruptcy Alphabet, M stands for Mortgage Modification. A Modification is a way that a mortgage company can voluntarily change your mortgage terms, such as the interest rate, … Continue reading
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The next concept in the Bankruptcy Alphabet is Lien. What is a lien? Is it like “lean on me”? or a lean cut of beef? No, the legal term lien refers to a process that a debt collector can go … Continue reading