Monthly Archives: June 2009

Can I file bankruptcy without my wife? Can I file bankruptcy without my husband?

Posted on Jun 6, 2009 in Uncategorized

You can file a bankruptcy without your spouse, and even without your spouse’s permission or knowledge.

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Illinois Credit Card Claims subject to 5 year Statute of Limitation – not 10 years for written contract

Posted on Jun 3, 2009 in Uncategorized

Is the statute of limitation for credit card debt 10 years or 5 years in Illinois?  For years, […]

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Will bankruptcy wipe out my debts? Some debts are not dischargeable.

Posted on Jun 3, 2009 in Uncategorized

The main reason to file a bankruptcy case is to discharge, eliminate and wipe out debt. However, in bankruptcy, some debts are not dischargeable.

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Mortgage Modification Bill Fails in the Senate – Why?

Posted on Jun 3, 2009 in Bankruptcy Legislation, Legislation, Mortgage Modifications

Mortgage modification legislation fails in the Senate because the banks own the place. Here’s the back story.

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I gave my bank a financial statement – is this a problem? Your debt may be non-dischargeable.

Posted on Jun 3, 2009 in Bankruptcy Crimes, Bankruptcy Legislation, Business Bankruptcy

Banks may care about what you say on the financial statement in your loan application.  When you apply […]

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Will my bankruptcy be approved?

Posted on Jun 2, 2009 in Chapter 13, Chapter 7

An honest debtor gets a fresh start and a discharge. A dishonest debtor loses his discharge and faces criminal prosecution.

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