Achieve reports that filing Chapter 7 bankruptcy without funds is possible through fee waivers, legal aid, and DIY options.

Applying for bankruptcy involves several crucial steps. Firstly, determine if bankruptcy is the best option for you, considering its impact on your credit score and assets. Consult with a financial ...

Bankruptcy is a legal status or process in which individuals, businesses, or organizations declare themselves unable to repay their outstanding debts to creditors. It is a means to seek financial ...

The average American household currently carries over $7,000 in credit card debt, and for a large number of borrowers, other debts, like medical bills and personal loan debts, are also piling up amid ...

March 04, 2025 - In In re 301 W North Avenue, LLC, No. 24-B-2741, 2025 WL 37897, __ B.R. __ (Bankr. N.D. Ill. Jan. 6, 2025), the United States Bankruptcy Court for the Northern District of Illinois ...

Bankruptcy is the process where someone who is unable to pay their debts files a petition to discharge (eliminate) those debts or restructure the debt with a payment plan. But what happens if a ...

December 12, 2024 - In Erie Acquisition, LLC v. Guardian Elder Care at Johnstown, LLC (In re Guardian Elder Care at Johnstown, LLC), No. 24-70299-JAD, 2024 WL 4799907, _ B.R. _ (Bankr. W.D. Pa. Nov.

A recent decision from U.S. Bankruptcy Court Judge David Cleary for the Northern District of Illinois addresses this issue head on and found that filing restrictions aren’t always per se violative.