Wonais Law, LLC Legal Blog
Can You Declare Bankruptcy on Medical Bills?
Posted in: Eliminate Debt, Medical Debt
Medical bills can quickly accumulate and become overwhelming, leaving many individuals and families feeling trapped by debt. The good news is that filing bankruptcy for medical expenses is possible. Understanding the options and implications can provide a way out for those struggling with these financial burdens. People often worry about the stigma or consequences of […]
What Are the Statutes of Limitations for Debts in Illinois?
Posted in: Eliminate Debt
Navigating the financial landscape can be challenging, especially when it comes to understanding the statutes of limitations for debts in Illinois. In Illinois, the statute of limitations for unwritten debts and credit card debts is 5 years, while written agreements and promissory notes have a statute of limitations of 10 years. This timeframe indicates when […]
Do Bankruptcies Clear Evictions?
Posted in: Eliminate Debt
Bankruptcy can stop many types of litigation, including eviction actions. Filing for bankruptcy could help if you’re being evicted from your home. Qualifying for bankruptcy protection means meeting certain criteria and filing the appropriate paperwork in court. However, this must be done before your landlord receives an eviction judgment or judgment of possession. If you’re […]
What Happens if You Don’t Pay a Parking Ticket
Posted in: Eliminate Debt
Have you ever received a ticket for parking near the Magnificent Mile or Navy Pier and wondered about the consequences of not paying it? You may have to face the following consequences depending on your situation: These consequences can lead to a significant financial burden and damage to your credit score. Keep reading if you […]
Life After Bankruptcy: Rebuilding Your Credit
Posted in: Eliminate Debt
Chicago Bankruptcy Lawyer Filing for bankruptcy is not the end of your financial journey. Once you have successfully completed your bankruptcy case, there are certain steps you should take to rebuild your credit. At DebtPros, our bankruptcy lawyers in Chicago will not only help you complete your case but also assist you in rebuilding your credit. […]