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How to Reinstate Suspended License in Illinois with Debt Relief through Bankruptcy

Many people don't know this, but you can reinstate your driver's license using debt relief through bankruptcy.  Filing either a Chapter 7 or Chapter 13 bankruptcy allows the debtor to go into a Driver's Service Center and...

Does Automatic Stay Stop Eviction.  YES  Can a Landlord evict his tenant after the tenant files a Bankruptcy.  YES.  However, the Landlord needs be exceptionally careful.   Under Section 362 of the Bankruptcy Code, the Tenant's lease of the premises is cover by the Bankruptcy Automatic Stay.  This is a global stay on...

Parking Tickets are a crime, fine or penalty as defined under the bankruptcy code.  They are not dischargeable in a Chapter 7 Bankruptcy.  Usually the filing of a Chapter 7 Bankruptcy forces the City of Chicago or other Illinois Municipality to offer a payment plan.  What is less clear is whether the...

During Tax Season 2014 (2013 Taxes); many people consider a Chapter 7 Bankruptcy because they hope they will have enough money from their tax refund to afford the filing of the Chapter 7.  The assumption is that all of the debt will be wiped out and their family will have a much...

Here are some tips when buying a condo.  Over the years these have changes and this article is tailored for some of the important ones in 2014

 Sellers Past Due Assessments:  If you are purchasing an REO Condo Property from a Bank or other Entity that...

Subway is Closed at 407 South Dearborn effective February 4, 2014.  According to the sandwich makers at Subway, 407 South Dearborn is closing January 1, 2014.  However, Subway officially is now closed as of February 4, 2014.  A close Alternative location is within the Federal Building at 77 West Jackson and also...

Bankruptcy Tax Refund – Keep and Spend It Wisely

Many people enjoy receiving a large tax refund during the springtime months of every year.  The average middle class family receives approximately $5000 in tax refunds.  But problems can arise if a member of that family is filing Chapter 7...

Every year starting in January, homeowners will often decide whether to sell their home either for pending employment change, school change or other reasons such as getting a larger home for a growing family.  When getting ready to put your home on the market, it is important to figure out your estimated...

2013 Tax Refund.  W-2 Forms must be sent by your employer by January 31, 2014 which means that nearly everyone can file their taxes on February 1, 2014 or earlier.  If you receive your tax refund electronically, your refund will probably arrive in under two weeks.  If you receive your tax refund...