by Jacob Maegli | Oct 1, 2026 | Bankruptcy
Deciding between Chapter 7 and Chapter 13 bankruptcy depends on several factors. This post covers the household income comparison, the role of assets, and the types of debt that can be discharged. Frequently Asked Questions How do I know if I should file Chapter 7 or...
by Jacob Maegli | Oct 1, 2026 | Bankruptcy
A wage garnishment that has already begun can be affected by filing bankruptcy. This post explains how the automatic stay applies in Chapter 7 and Chapter 13 cases, and what happens once the creditor receives notice of the filing. Frequently Asked Questions Does...
by Jacob Maegli | Sep 30, 2026 | Bankruptcy
Filing for bankruptcy on your own is possible, but the process carries specific details that general online research may not reveal. Some of these could put an asset like a home or a vehicle at risk. Here is what to consider before deciding whether to file without an...
by Jacob Maegli | Sep 29, 2026 | Bankruptcy
Ordinary checking and savings accounts can stay open when filing bankruptcy. Whether the money in the account is protected depends on the type of bankruptcy filed and on the exemptions available, including the Illinois wildcard exemption. Frequently Asked Questions...
by Jacob Maegli | Sep 25, 2026 | Bankruptcy
Wondering about a car in Chapter 7 bankruptcy? This post covers whether a vehicle may be lost when filing Chapter 7 and explains that the outcome depends on the value of the vehicle, how much is still owed on the vehicle loan, and the vehicle exemption the state...
by Jacob Maegli | Sep 24, 2026 | Bankruptcy
This post looks at whether a home is at risk when you file bankruptcy in Illinois. The answer depends on the value of the property compared to what is owed on it, along with the homestead exemption. Those numbers are used to determine whether the property would be at...
by Jacob Maegli | Sep 23, 2026 | Bankruptcy
Chapter 7 and Chapter 13 bankruptcy handle debt in different ways. Chapter 7 is a complete liquidation, while Chapter 13 is a debt restructuring that comes in more than one variation. Some types of debt also cannot be discharged in Chapter 7. Frequently Asked...
by Jacob Maegli | Sep 21, 2026 | Bankruptcy
Qualifying for Chapter 7 bankruptcy in Illinois depends on a couple of factors, including income and assets. This post covers how the means test compares household income to the state median and how the trustee looks at property in a liquidation. It also explains how...
