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What exemptions are available when you file for bankruptcy in Illinois?

What exemptions are available when you file for bankruptcy in Illinois?

by Dan Sugrue | Nov 6, 2013 | Bankruptcy Law

When you file for bankruptcy, whether it be through Chapter 7 or Chapter 13, you’re entitled to protect some of your property from being included as part of the bankruptcy estate, and subject to liquidation by your creditors. These are called exemptions. For...
Is Credit Counseling required before filing Bankruptcy?

Is Credit Counseling required before filing Bankruptcy?

by Dan Sugrue | Nov 5, 2013 | Bankruptcy Law

Before filing a petition for bankruptcy under Chapter 7 of the Bankruptcy Code, a debtor must first take a credit counseling course within 180 days before you file. In addition, you must complete a course in debtor education after you file but before your debts are...

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