Wonais Law, LLC Legal Blog
How Long Does Eviction Stay on Your Record?
Posted in: Asset Protection
An eviction on one’s record can significantly impact their ability to secure housing, often influencing landlords’ decisions for years. Typically, an eviction notice remains on tenant screening reports, rental applications, and background checks for up to seven years, affecting not only rental prospects but also financial opportunities. This time frame aligns with many other public […]
Who Can Put a Lien On Your House?
Posted in: Asset Protection
A lien on your property can be both stressful and confusing, particularly if it happens unexpectedly. To protect your financial stability, you should know who can place a lien on your house, why it might happen, and the steps you can take to address or prevent it. If you’re facing a property lien or wish […]
Will I Lose My Home If I File Bankruptcy?
Posted in: Asset Protection
As part of debt relief, anyone considering bankruptcy usually has this question: Will I lose my home? Generally, you can save your home if you file for Chapter 7 or Chapter 13 bankruptcy. However, how to handle your home during bankruptcy is a complex question, and every case is different. If you feel crushed by […]
How Does Bankruptcy Protect My Property?
Posted in: Asset Protection
Bankruptcy is one of the strongest financial tools available to people struggling with debt. However, many people are hesitant to file because they think they will lose their property in the process. This is a common misconception. Not only does bankruptcy help protect your property from being taken, it also eliminates your qualified debt. When […]
Does Bankruptcy Help With Foreclosure?
Posted in: Bankruptcy Law, Asset Protection
Your Chicago Bankruptcy Lawyer If you have fallen behind on your mortgage payments, chances are the mortgage company will attempt to foreclose on your property. Facing foreclosure can be extremely stressful, especially if the property being foreclosed on is your primary residence. Luckily, filing for bankruptcy can help alleviate this stress. Bankruptcy will stop the […]