Filing bankruptcy means listing all your debts, even those you eventually plan on repaying after bankruptcy, like debts to relatives or your mortgage and car payments. As I tell my clients, you need to list anyone in the Milky Way Galaxy to which you owe money. That means even those who think you owe them [...]
debts
Back in the 1970′s there was a margarine sold under the brand name Chiffon. (Or so I’ve been told. The ’70′s were a little before my time). According to the commercials, the margarine tasted so much like butter that it fooled Mother Nature. (Ok, I was around for the ’70′s, but I just don’t remember that much about [...]
Surprise, you’re dead. Distinct from ‘zombie debt’ which should be dead, but refuses to die, your debt does not automatically die when you do. Your family or heirs could be forced to pay the bills that you didn’t (or couldn’t) pay before you moved on to another plane of existence. You might want to read Part [...]
Filing for bankruptcy? Owe money to the power company? You’ll be pleased to know you can discharge your debts to the utility company when you file for Chapter 7 bankruptcy. Thanks to deregulation of the Illinois electric utility industry, companies such as Ameren buy power through a reverse auction devised by the Illinois General Assembly. [...]
