Those who have had bankruptcy in the past are familiar with the hurdles that one has to face when requesting for the traditional kinds of loans – personal loans, housing loans, salary loans, and of course car loans since lending companies who lend require the pull up of the applicant’s latest credit report and on [...]
The Federal Bankruptcy Code has numerous chapters for the numerous kinds of bankruptcy. Chapter 7 will be the most common due to the fact it can be a basic dissolution where the debtor claims exempt assets and turns over the non exempt property to a trustee to sell to pay for the administration of the [...]
The state of Illinois’s bankruptcy laws are still governed by the Defense of Marriage Act, also referred to as DOMA. This means that because DOMA officially lists spouses in a marriage as becoming of opposite sex, identical sex couple cannot file for join bankruptcy under the law. This may well not be set in stone [...]