Revisiting institutionalist law and economics--the inadequacy of the Chicago school: the case of personal bankruptcy law.: An article from: Journal of Economic Issues
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Bankruptcy Forms: In the majestic of Illinois, can you lose your home in a personal bankruptcy filing?: comment on ...
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Not from me, you can't. Lending institutions like to furnish money to people who show some capability of paying it back.
I material in Illinois where tenants of the entirety is legal for real estate. I currently have a very large amount of credit card due 150K+ and a upside-down mortgage on my home. I also have about the same amount of assets in the market. All is in
They over ANY asset in a Chapter 7 as able to be sold/sequestered/liened/garnished Chapter 7 is a comprehensive liquidation.
You cannot hide assets in this fashion, and if caught trying to, you can go to prison for fraud....
I'm miserable this is so long, i'm just trying to get an informed opinion about this and i'm giving all the information I have.
I am a 21 year old ball and mother of one living in Illinois. I am just short of $30,000 in debt and I am crumbling
Your old man won't have to declare bankruptcy...he will only be held responsible for anything bearing his name, or anything for which he had a card for.
Your Uncle will be called upon to pay the student loan.
The other I