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New Bankruptcy Legal Questions - Illinois

What to do if a customer filed for bankruptcy but the court is trying to recover certain payments to us as "preferential"?

So long as the payment to your business was done in the normal course of business and was made soon after invoicing then the payment to your business should not be deemed preferential by the court whe

E.M., Member, California Bar answered 1 month ago

Can an automobile loan be reaffirmed after a bankruptcy without my permission?

No. You would have to have signed a reaffirmation agreement which says that you would be obligated again to pay all or portion of a debt which would be discharged in your bankruptcy case. A reaff

M.T.G., Member, New York Bar answered 3 months ago

What to do if I need to file bankruptcy but want to keep my house?

So long as you stay current on your monthly payments with respect to your home's mortgage despite the filing for bankruptcy protection and assuming you agree to confirm the mortgage that you have writ

E.M., Member, California Bar answered 4 months ago

What to do if our general contractor told us he was bankrupt and walked off our job?

I suggest that you consult with a bankruptcy attorney about the matter you have written about and in submitting a claim to the bankruptcy court as a creditor. You should also see if your contractor is

E.M., Member, California Bar answered 6 months ago

Can my ex-wife sell a house that is in both our names if I include it in my bankruptcy?

Here is something you are going to find out real quick: the fact of a divorce decree has nothing to do with each of your agreements with the lender. The lender doesn't get involved because it is not p

MD, Member, California Bar answered 8 months ago

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