by Jacob Maegli | Oct 20, 2026 | Bankruptcy
Retirement accounts such as a 401k or an IRA are a common concern for people considering bankruptcy. This post covers the qualified retirement exemption in Chapter 7 and Chapter 13 bankruptcy, and why the timing of transfers into a retirement account matters....
by Jacob Maegli | Oct 19, 2026 | Bankruptcy
This video answers whether bankruptcy can eliminate credit card and medical debt. It explains that both types of debt can be discharged in either a Chapter 7 or a Chapter 13 bankruptcy. Frequently Asked Questions Can Bankruptcy Get Rid of Medical & Credit Card...
by Jacob Maegli | Oct 15, 2026 | Bankruptcy
Illinois sets a limit on how much of a vehicle’s value is protected in a Chapter 7 bankruptcy. That limit comes from the Illinois state vehicle exemption, which changed on January 1st, 2026. This post covers what the exemption was before that date and what it is...
by Jacob Maegli | Oct 14, 2026 | Bankruptcy
Homeowners considering bankruptcy often want to know how much of their home equity can be protected. In Illinois, that protection is based on the homestead exemption, which changed on January 1st, 2026. The amounts before and after that date are explained below....
by Jacob Maegli | Oct 13, 2026 | Bankruptcy
The 341 meeting takes place after a Chapter 7 or Chapter 13 bankruptcy is filed. It is a meeting between the person filing, their attorney, and the trustee appointed to oversee the case. This post covers when the meeting typically takes place and what the trustee...
by Jacob Maegli | Oct 12, 2026 | Bankruptcy
A free help desk is available at the Rockford bankruptcy court for people who have filed pro se or have general bankruptcy questions. It is meant to assist people through the process, but it is not a replacement for an attorney. Frequently Asked Questions Is there a...
